What happens when my Kia lease is over?
Leasing is a great way to get behind the wheel of Kia vehicle while also having a lower monthly payment versus buying combined with some additional peace of mind. If you’re new to this method of financing, you might also be wondering, ‘What happens when my Kia lease is over?’ Customers who are nearing the maturity date of their leasing terms have a few options they can choose from. For the most part, lease customers can start a new term, buy their leased vehicle or just walk away. The Team Gunther Kia financing department wants to make sure our customers know as much about their lease-end choices before they leave their house. Let’s take a look at what they came up with.
READ MORE: Advantages of leasing or buying a vehicle
Starting a new lease
Buy your vehicle
There is not a small chance that you will want to hold on to your vehicle. Leasing a vehicle means that a person is basically paying for the amount of depreciation that will occur. All lease contracts will feature a price a leaseholder will have to pay if they want to keep the vehicle forever. A Team Gunther Kia financial expert will be able to help you through this process.
READ MORE: How far can a Kia car travel on empty?
Try something different
The last option a Team Gunther Kia customer has when the term matures is to walk away. To be sure, we don’t want you to do this, but you can. Simply complete the steps in the lease-end kit, gather up all the keys and other standard accessories then drop the vehicle off at our facility. It’s worth noting that customers who choose to start another leasing term or buy a Kia vehicle could be eligible for several hundred dollars in financing incentives.
Make an appointment with a Team Gunther Kia product expert today if there are questions you still need to have answered.