Land Rover lease returns are as easy as one, two, three! As long as you’re aware of all of your lease-end options and you follow the checklist laid out below, you can finish your contract and take the next steps with confidence. Our dealership is your Land Rover lease return center in Phoenix, AZ, and we’re ready to answer any and all questions on your mind.
Land Rover End-of-Lease Options
Land Rover lease agreements offer flexibility–especially when you’re ready to decide what you’d like to do next! There are four basic lease-end options to consider:
- Lease or finance a new Land Rover after returning your old model.
- Execute a car lease buyout and bring your current vehicle home for good.
- Request a one-time six-month extension on your current leasing agreement.
- Turn in your vehicle, pay any remaining fees, and leave without a new vehicle.
How to Prepare for Your Land Rover Lease Return
Land Rover has a clear lease-end checklist with everything you need to know before you drive in from Scottsdale or Phoenix. Here’s an overview of the most important steps:
- Schedule your pre-inspection at least 30-45 days before your lease is scheduled to end. Pre-inspection is carried out by the independent service provider AutoVin.
- Your pre-inspection will determine the extent of the wear and tear on your vehicle. Excess wear and use opens you up to additional end-of-lease fees and charges, so you’ll want to take care of each of the following before you stop in:
- Holes, tears, burns, stains, or strong odors
- Scratches, chips, dents, pits, rust, holes or cracks in exterior surfaces
- Cracked or damaged windows, antennae, or exterior trim
- Damage to the vehicle’s frame or alignment
- Damage due to poor quality or incomplete repairs
- Tire treads of less than ⅛ of an inch in depth at their lowest point
- Missing manuals, keys, or associated devices
- Mileage in excess of your leasing contract
- Within one business day of your Land Rover lease return, complete your odometer statement and your lease turn-in form.
- You’re almost ready to return the vehicle. Just take care of each of the following before you come in:
- Remove all of your personal items and put the owner’s manual in the glove box.
- Clear any personal information from the vehicle’s systems.
- Turn in all sets of keys, along with any and all manuals or accessories that came with your vehicle.
- Ensure that all tires match, and are of comparable quality to, the original equipment.
- Bring the vehicle to our dealership and decide which of the lease-end options work best for you.
- Expect final billing to take place 30 to 60 days after turning in your vehicle.
Turning in Your Vehicle and Taking the Next Steps
Many drivers in Phoenix and Arrowhead choose to start a new lease as soon as their current lease runs out. If you’re planning to lease another Land Rover, here’s what you should do before you stop in:
- Sign into your Auto Portal to review loyalty offers. While you’re at it, check out our current Land Rover lease specials!
- Contact the dealership in advance to explore new vehicles and let us know which model you’re interested in. We’ll make sure it’s ready for you on the day of your lease return.
If you aren’t planning to start a new Land Rover lease, all you need to do is take care of any remaining fees and plan to get a ride home from our Land Rover lease return center.
One-time six-month Land Rover lease extensions may be available to qualifying drivers with strong payment histories. Make a request through the Secure Message Center on Chase.com, or contact our financing team for more details.
What is a Lease Buyout?
Maybe you’ve heard that some drivers decide to keep the vehicles that they’ve been leasing, and you’ve decided that this option may be right for you. What is a lease buyout, anyway? The lease buyout definition varies depending on whether you’re taking action at the end of your lease, or prior to the expiration of your contract. We’ll cover each option in turn:
How Does a Lease Buyout Work?
We can’t answer the question, “How does a lease buyout work?” without distinguishing between lease-end buyouts and early lease buyouts. Lease-end buyouts are slightly more straightforward, so we’ll start there:
- At the start of your contract, your dealership will determine a lease-end buyout price based on the vehicle’s expected depreciation.
- This price may be negotiable, but in general, you’ll just need to pay this price if you want to bring the vehicle home for good!
- A lease-end buyout is a smart move if the lease-end buyout price is close to (or below) the vehicle’s actual market value. You’ll also want to make sure that there isn’t any other used vehicle that you’d prefer! Review any available loyalty offers to determine if there’s another option in your price range.
- To perform a lease-end buyout, submit your request through Chase.com’s Secure Message Center or contact us for more information.
Most drivers require a loan in order to perform a lease buyout. If this option sounds like the right one for you, apply for financing today!
Is an Early Lease Buyout the Right Move for You?
An early lease buyout may be the right move if a standard lease-end return would subject you to a wide range of fees and extra charges. For example, if you’ve gone over your mileage limit, skipped important services, or accumulated excess wear, an early lease buyout might allow you to avoid associated charges.
The total price of an early lease buyout is based on the amount of value left on your lease, the agreed-upon lease-end buyout price, and any early termination fees written into your contract.
Complete Your Land Rover Lease Return Today
Contact us for more information on Land Rover lease returns, or make an appointment to see us in person! Our expert financing representatives can help you make the right decision for your budget and your lifestyle today.