Lease End Options
Are you preparing for a car lease return? Sterling Motorscars has your guide for turning in your vehicle at the end of your lease contract.
With your lease ending, Sterling Motorcars can assist you through every aspect of the car lease-end process regardless of where you originally leased your luxury vehicle. We will make available straightforward information to help you make a lease-end decision that best meets your needs.
For the most effective lease-end consultation, we suggest that you contact us at least 120 days before your vehicle lease end date. We would like to review all lease-end options, ranging from purchasing your existing vehicle lease to leasing a new vehicle.
Car Lease End Options
Let's further explore your car lease end options below! Don't hesitate to reach out if you have any additional questions.
Get a New Vehicle
A Sterling Motorcars sales consultant will happily demonstrate all the latest BMW, MINI, Rolls-Royce, Lamborghini, and McLaren models offered and review the terms of the sale with you. You can lease a new car, choose financing or cash options, or consider a certified pre-owned vehicle.
Your sales advisor will handle the lease-end turn-in process for your current car. You can leave your current car with us when you pick up your new one. Make sure to have the vehicle inspected before turning it in.
Keep Your Vehicle
The finance company is the owner of your car. Your lease includes a contractual buy-out option price executable at the end of the lease. If you exercise your buy-out option, then Sterling Motorcars will "sell" you your car.
A Client Advisor will assist you with your buy-out transaction. A new sales agreement gets drawn up. You must pay sales tax on the buy-out (in a lease, you have only paid sales tax on the monthly payments, so you still owe sales tax on the rest of the car), and we must re-register the car in your name. Your Client Advisor can also review options for financing or re-releasing your car.
Turn-In Your Vehicle
You can drop off your vehicle at the end of your lease at Sterling Motorcars. When this happens, we will give you a copy of the final odometer statement for your records. You can drop off your lease-end car with us Monday through Friday between 9 am and 8 pm.
If you are considering getting out of your lease early, do not hesitate to give us a call to discuss your options. We can help you whether you leased your car from us or not.
Most Common Car Lease-End Options Questions
Below are some of the most common questions about returning a leased vehicle. Don't fret if these are the questions you have — we'll gladly answer all your questions.
- Is it possible to get a new vehicle and terminate my current lease early?
- Can I purchase additional mileage?
- How much do I owe on my loan?
- Should I have a pre-inspection completed prior to my lease maturing?
- What do I need to bring when I return my vehicle?
- Can I certify my current vehicle and purchase it?
- Will Sterling Motorcars buy my lease return?
- I didn't lease my vehicle from Sterling Motorcars; can I still turn in my lease there?
Our team is here to help make the car lease return process go as smoothly as possible. If you have any concerns or questions, contact us at your earliest convenience. We're proud to offer a stress- and hassle-free environment at our DMV-area dealership.