Lease Turn In Q&A

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St. Clair Chrysler Jeep Dodge Ram

1250 S Carney Dr
Directions Saint Clair, MI 48079

  • Sales: (810) 637-1084
  • Service: (810) 328-3046
  • Parts: (810) 637-1045

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It's the end of the leasing period on your vehicle, what do you do now? This page contains frequently asked lease turn in questions to help you out! If your question isn't addressed please call, chat with us online, or fill out the inquiry form located on this page and our sales team will assist you. 
What is lease equity?
Lease equity is when the vehicle is worth more at the end of the leasing period than when the vehicle period began. This is due to the lessee driving less miles than allotted. 

What are lease termination charges?
Any lease can be terminated before its end date. Fees will be listed on the lease contract.

What is a disposition fee?
A disposition fee is a charge from your lender to return your vehicle at the end of your lease. Ally has no fee, US Bank has a fee of $495, and CCAP has a fee of $395.

What are lease mileage charges?
If you drive over the allowed miles, you will be charged a fee for every mile you exceed. CCAP- $.25, US Bank- $.25, and Ally- $.20.

Where do I turn in my lease?
You can return your lease to any authorized dealer.

Do I need to replace the tires before turning in a lease?
You need to  replace the tires if there is excess wear. This includes a tread depth of less than 1/8" at the shallowest point, gouges, cuts, sidewall plugs, or tires in a condition affecting passenger safety. 

Can I buy my lease?
Absolutely! We offer a $350 purchase option fee + the residual amount of the vehicle. Please contact your salesman for more details.

Can I extend my lease?
It depends on your lender. Please contact your salesman or refer to your lenders link towards the top of this page for more information.

How do I refinance a lease?
You can refinance most lease vehicles. This means you are obtaining a loan to buy the car outright. Contact your salesman for more information. 

How do I get out of my lease early?
We offer several Pull Ahead programs, which can get you out of your lease early and into a new one if you qualify. Please contact your salesman for more information.

What maintenance is mandatory for a lease car?
Please refer to the vehicle owner's manual as a guide. Our service department can also assist you. 

What if there is damage on my leased car?
About 60 to 90 days before lease-end, we highly recommend that you get a pre-inspection to avoid charges. We are not responsible for any damage done to the vehicle at time of turn in. An inspection company issued by the bank will bill you if the vehicle is turned in with damages/excess wear. Contact your salesman or refer to your lenders link located towards the top left of this page for more information. 

Excess wear and tear fees: 
Click your lenders link located towards the top left of this page for detailed information on excess wear and tear fees. 


 

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