Have you received a notification that your lease is ending soon? It’s important to take this time to decide how you want to proceed. Mercedes-Benz of Lynnwood is outlining your Mercedes-Benz lease-end options to help you decide.
Return the Vehicle
One of the biggest perks of leasing is that you can return the vehicle at the end of your lease. When you return your leased vehicle, it will be carefully inspected and assessed. We’ll compare your mileage to your mileage allowance and check for any damage that’s considered worse than normal wear and tear. We’ll also determine an estimated value for your vehicle.
Buy the Vehicle
Are you not ready to part with your vehicle? If there is a buy-out option in your original contract, you can buy your lease. The pre-determined residual value should be outlined in your contract. This could be your best route if you’ll owe fees for excessive wear and tear or extra mileage. Plus, if your vehicle’s current market value is higher, you could turn around and sell the vehicle for a profit.
Extend Your Lease
If you can’t decide which option is right for you, you may be able to extend your lease. Sometimes, there’s an option to extend your lease for a short-term extension or month-to-month. This gives you time to decide how you want to proceed or to address any damage or issues.
Return Your Mercedes-Benz Lease in Lynnwood, WA
If you’re still undecided, our team is happy to assess your vehicle to help you decide how to proceed. We can also help you get your vehicle ready for its return and help you decide which new Mercedes-Benz vehicle to buy or lease next. Visit Mercedes-Benz of Lynnwood to get started today!
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