Navigating Your Car Lease-End Choices

Explore Your Options During and at the End of Your Lease

A vehicle lease allows you to drive a brand-new car every few years, thus offering a distinct blend of luxury and convenience. Car lease structures can also provide significant flexibility, with a wide range of lease-end options available throughout and towards the end of your term. However, with so many possibilities, it can be challenging to identify the best one.

At Genesis West Island, we recognize the importance of clearly understanding your lease-end options. To help you navigate these processes, we have compiled a guide outlining some of the most common lease-end choices, including those available at Genesis.

Options at the End of Your Lease Term

Drivers can typically choose to return or purchase their vehicle when their lease term concludes. Some lease providers may also offer additional choices. 

Return Your Vehicle

At the end of a lease term, the driver typically returns the vehicle to the lease provider.

If you choose to return your vehicle, the lender or an authorized third party will conduct a comprehensive inspection to assess its usage and condition against the terms outlined in your lease agreement. This end-of-lease car inspection will cover a wide range of parts and factors, including the vehicle's mechanical components, upholstery, carpet, paint, odometer reading, and maintenance history. Depending on the inspection’s findings, you may be charged additional fees; refer to your lease agreement for criteria and amounts.

To ensure a smooth vehicle return process, remove all personal belongings from your vehicle prior to the inspection. Additionally, consult your lease agreement to identify which items–including key fobs, tires, and other provided accessories–must be returned with the vehicle.

Towards the end of your Genesis Finance lease, a Genesis Experience Manager will reach out to arrange your next steps. If you intend to return your vehicle, the Genesis Experience Manager will assist with scheduling a vehicle inspection. 

Renew Your Genesis Lease

One of the biggest benefits of leasing a vehicle is the opportunity to frequently enjoy a new car. We know how exciting that new Genesis feeling is–that’s why we offer a lease renewal program that makes it simple to stay behind the wheel in our latest models.

Our loyalty program rewards returning lease customers with attractive lower interest rates and incentives. You can also schedule an at-home test drive for added convenience. Furthermore, by renewing your lease, you'll continue to enjoy Genesis' signature benefits, such as complimentary scheduled maintenance with at-home valet service and courtesy vehicle access.

Interested in exploring Genesis’ lease renewal program? The Genesis West Island team is here to assist you. Contact us to learn more about our loyalty program’s benefits.

Purchase Your Leased Vehicle

Many lease providers allow drivers to buy the vehicle once the term ends. This can be a great option if you would prefer to keep your car rather than trading it in for a newer model. 

If you’ve fallen in love with the power and refinement of your Genesis, purchasing the vehicle is a seamless process. Simply log into your Genesis Finance account to access your personalized quote and explore next steps. 

Regardless of the lease provider, your vehicle must pass a safety inspection before your purchase is finalized. This process is standard for all commercial car sales. Contact your lease provider for any conditions surrounding your safety inspection.

Exploring Opportunities During Your Lease Term

While you might assume that your lease agreement is fixed until its end date, most lease providers offer flexibility to adjust or exit your lease mid-term. It is a good idea to familiarize yourself with your options.

Common mid-term options include returning your vehicle early, transferring its lease to another driver, or purchasing the vehicle outright. Your lease agreement should outline your choices and any associated fees.

Genesis Finance offers drivers a range of options throughout their lease term, including upgrading to a newer Genesis vehicle. Please reach out to Genesis West Island to determine if you are eligible for an early upgrade. We can also help you assess your leasing options if your needs have changed during your lease term.

Beyond the Destination: The Value of a Genesis Lease

At Genesis West Island, we firmly believe that your lease journey should be as empowering as it is enjoyable. Our leases are designed to cater to drivers' needs, offering convenient benefits like complimentary scheduled maintenance, at-home valet service, and courtesy vehicle access. We also provide a range of flexible lease-end options to accommodate your preferences.

To learn more about our lease-end options and the advantages of a Genesis lease, please contact the Genesis West Island team.

Frequently Asked Questions About Car Leases

If you still have questions about your lease-end options, please explore our list of frequently asked questions about car leases below. You can also contact us for personalized guidance regarding the end of your Genesis lease.

What happens at the end of a car lease?

At the end of a car lease, drivers typically have the option to either return the vehicle to the dealership or purchase it outright. However, depending on the lease terms, additional options may be available.

Can I pay off a car lease early?

Many lease providers allow you to pay off your car lease early, but the exact terms will vary depending on your lease agreement. If you are currently leasing a vehicle from Genesis Finance, Genesis West Island can help you determine the total cost of buying your car ahead of schedule. 

Can I buy my car at the end of its lease?

Most car lease agreements allow drivers to purchase their vehicle at the end of the lease term, but this option is not always available. Drivers who finance their car through Genesis Finance can purchase their vehicle at the end of its lease. Other drivers should consult their lease agreement to confirm that this option is available to them.

What is lease-end protection?

Although exact specifics vary by lease provider, lease-end protection plans are generally optional insurance plans that allow for greater wear and tear on a leased vehicle beyond the standard limits. Genesis offers several lease-end protection plans so you can tailor your coverage to your anticipated needs.

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DISCLAIMER: Please note that eligibility and program details may vary and are subject to change. The information above should only be taken as a general guide. For the most accurate and up-to-date information, please contact Genesis West Island directly.