Points to Remember when Terminating your Lease

As you approach the end of your lease, it would be a good idea to revisit your lease contract and have a look at the various aspects that you need to keep in mind. Terminating your lease is not as simple as handing over the keys. While you do technically own the car during the period of your lease, the actual ownership of the vehicle belongs to the leasing company. For this reason, there are numerous terms in place to protect the leasing provider. At Brooklyn Car Leasing, our terms are a lot easier to deal with and typically won’t result in you having to pay a large sum of money to compensate for various issues in accordance to the terms.
We urge you to go over your contract several months before your lease ends and keep track of the terms. Some things to keep in mind is that you can be liable for damages and wear and tear of the car. You also have a limited number of miles you can cover during your lease term. You will have to pay a penalty if you have exceeded this amount.

Starting a new lease with Brooklyn Car Leasing

If you are currently working with a different auto leasing provider and heading for the end of your lease, you might be looking for a new vehicle for your lease. We would love to have you as our customer. We are happy to assist you with the transition and if you are nearing the end of your lease, we urge you to contact us. You can reach us on 718-393-5553 and arrange for an inspection. We would love to have a look at your car and advise you on what steps to take to prevent spending too much of money which you can instead use to lease a new car that exceeds your expectations thanks to our lowest leasing rates. We strongly advise initiating the process several weeks before the last day of your lease so that you won’t experience any unnecessary delays and a transition period where you won’t have a vehicle to drive.
Depending on the current state of your vehicle, there are various ways to minimize your losses including repairing certain elements of your car, replacing parts or even selling your car. Our experts will be able to assess the situation and advise the best course of action.

Contact us today

Whether you are an existing customer or currently working with someone else, we would love to help. Terminating your lease can leave you in a sticky situation but by taking the right steps, you can complete the process smoothly without having to spend too much time or money. If you want to terminate your lease early, the process can get a little trickier. Nevertheless, our auto leasing experts are well equipped to handle the situation without any hiccups. Give Brooklyn Car Leasing a call today on 718-393-5553 and let’s get started.