Latest Industry News
November 26, 2020
Posted by VIP Lease

What Is The Best Option At The End Of A Car Lease?

Leasing a brand new car can be one of your best options if you are looking for a great deal. There are multi benefits to leasing a car including tax benefits, lower monthly payment, lower down payment, plus not to mention you are always driving a new vehicle. It feels good, drives good, and you can rest assured that you will be safer in new technology

But did you know there are also multiple options at the end of your lease? If you don’t want to, you don’t necessarily have to turn the car back in. We want to make our clients, and potential clients aware of what choices they have as they approach the end of the lease. It is important to always discuss your end of lease options when you first sign your lease and are negotiating, but in general, there are 4 different options to end your lease.


Complete the Contract

The standard choice and the one most people are familiar with, is the end of the contract when it is completed and returns the car back to the car lease company. The vehicle will be inspected and you will be responsible for paying for any wear and tear that is above and beyond what is normal. If there are any additional miles (over the mileage allotment as set out by your lease) then you will be charged for the over mileage at this time as well.


Extend the Lease

A second option might be to extend the lease for additional time. Let’s face it, many people fall in love with the cars they drive. If you are one of these people, this can be a great option for you. You can sign a second and shorter term contract to lease the car for an additional 6 months or 1 year. 


Trade-In for a New Lease

If you are happy with your leasing terms, and leasing company which is something we always strive for at VIP Auto Lease in NYC, then you can trade in the leased car. It is a very simple process because many of the terms and fees that would normally be paid at the end of the lease can be rolled over into the new lease. The big benefits are you can do it all at once, save money, and once again, drive a BRAND new car.


Purchase the Car

The fourth option as you approach the end of your car lease is to purchase that exact vehicle. Your car lease dealership will often give you a great deal, because it saves them time, money, and storage space if they were to take the car back. Please you already know the ins and the outs of the car. If you completed a 3 or 5 year car lease and were satisfied with it, then you should definitely consider this option. You will get an EXCELLENT deal. Purchasing a car that you had leased will be much lower than if you go to any used car lot or private seller and try to purchase the exact same vehicle with the same year and mileage.

Which end of the lease option will you choose from our NYC Leasing Branches:


VIP Auto Lease 1204 Hylan Blvd, Staten Island, NY 10305

VIP Auto Lease Of Queens 139-46 Queens Blvd, Jamaica, NY 11435 (347) 384-7214

VIP Auto Lease Of Brooklyn 2509 E 64th St, Brooklyn, NY 11234 (347) 384-6631

VIP Auto Lease Of NYC 506 W 150th St #3C, New York, NY 10031 (646) 568-5288

VIP Auto Lease Of Bronx 1200 Waters Pl, The Bronx, NY 10461 (718) 571-9970

VIP CT Car Leasing Stamford 6 Landmark Square 4th Fl, Stamford, CT 06901 (201) 878-6961

VIP Auto Lease Of NJ 32 US-46, Lodi, NJ 07644 (201) 366-2228

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VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

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