McGrath Acura of Downtown Chicago Lease Return Center
You Have Three Options When Your Lease Ends
1. Trade the vehicle in:
You can trade it in anywhere for any make and model you wish, you are not tied to the dealer you leased from. By trading, you avoid the disposition fee, mileage charges, and wear and tear.
2. Purchase the vehicle:
You have the first right of refusal to purchase your leased vehicle for the residual value. Like trading your vehicle in, if you purchase your leased car, there are no fees or charges.
3. Walk away from the lease:
You'll owe a disposition fee, mileage charges if applicable, and any wear and tear charges.
FAQs:
Q: I love my leased vehicle. Can I buy it?
A: You absolutely can! And the best part? No negotiating over price! At the beginning of your lease, your vehicle is given a "residual" value. The residual value is the estimated value of your vehicle after the term of your lease. In your lease contract, you'll find your residual value and that's the number you can buy the car for; no questions asked!
Q: I heard there's lots of penalties to pay at the end of a lease; is that true?
A: Not always. However, it is true that you may be charged for things like exceeding the lease mileage or excess wear and tear. Each manufacturer is a little different in terms of mileage overages but Acura is just $0.25/mile! Also, normal wear and tear is to be expected so Acura lease return inspections are very lenient! Typically, a good rule of thumb to follow is that if a dent or scrape can be covered by a dollar bill you won't be charged. Call us today to see how we may be able to help you minimize those costs!
Q: I saw another Acura that I really want! Can I end my lease early?
A: Early lease termination is definitely possible but, like most things in life, there's a sweet spot. Contact us at the dealership to learn more about your early lease termination options!
Q: I loved my leasing my Acura but I'm planning to move to another brand for my next vehicle? What do I do now?
A: While we're sad to see you go, we would be happy to take the vehicle off of your hands and make your transition to a new vehicle as easy as possible! Simply schedule an appointment with our lease return department, be sure you remove your personal belongings (garage door openers, iPass transmitters, CDs, etc.), and our team will handle the rest. It really is as simple as dropping the vehicle off and signing a couple papers!
Q: Do I have to return my leased vehicle to the dealership that I originally leased it from?
A: You don't; we can help you get out of your lease regardless of where you leased it originally! The best part is that it doesn't even have to be an Acura!
Q: Can I get out of my lease early?
A.Yes! McGrath Acura of Westmont even encourages you to turn your lease in early. While you are required to pay any remaining costs defined in your original lease, we’ll take your car back while you receive a significant value and have no obligation to lease again.
Get Out of Your Lease Early at McGrath Acura of Downtown Chicago
Ready to get out of your lease early? We’re here to take it back when you’re ready, even if you still have payments. Just call the team at McGrath Acura of Downtown Chicago at
Contact Dennis Arvan, our lease professional, to see what option is best for you.
Dennis Arvanitakis
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