At Bemidji Chrysler Center, serving the International Falls and Park Rapids areas of Minnesota, we have many new Jeep® models, like the Jeep Wrangler, and used Chrysler cars, such as the Chrysler 300. We can discuss your financing options should you decide to purchase on the spot. But if you decide to go with a car lease for your next upgrade, there are a few things to keep in mind when it ends. Here’s a look at what to do when the end of the lease is nearing.
Three Months: Research and Prepare for Inspection
When you only have three months left in your car lease, dig out that original contract and look it over. It will have specifics about what’s expected of you, as well as what the cost will be if you want to purchase the vehicle.
This is also the time when the lessor may contact you for an inspection. This is done to assess damage or excessive wear and tear that you may have to pay for. You’ll then be sent a list of damages and their expected cost.
60 days to One Month: Should You Buy?
As your lease is coming to an end, start to consider what you want to do next. Figure out if you can afford to buy the car based on the price in the contract. Other options include trading it in for another vehicle or simply ending the lease and paying the applicable fees. You can also request a lease extension if you’re not yet sure what to do. You may also want to figure out the actual value of the car to accurately weigh your options.
If you have questions about leasing or buying a new Chrysler car, visit our RAM dealers near Park Rapids today.