What Can You do When Your Lease Ends?

At Central Ford in Trumann, AR, we want you to get the most from your current vehicle whether you have leased or purchased it. If you have leased your current vehicle, there are several things that you can do at the end of the lease term.

For instance, you could choose to return the vehicle and look for something else to drive. You will likely pay a disposition fee to the leasing company when you turn the car in. This covers the cost of cleaning the car before it's resold.

You also have the opportunity to purchase the vehicle outright. Typically, the car will be sold for the residual value, which is what the leasing company believes it to be worth when the lease expires. If the car is worth more than the residual value, it may be possible to use your positive equity as a down payment.

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