Vehicle End of Lease Options in Long Island

Lease End Options the Team at Nemet Hyundai Wants You to Consider

When you chose to lease a new Hyundai, you did it because it came with a wealth of benefits, including competitive monthly rates, lower repair costs and the flexible options available to you at the end of your lease. To ensure that you're prepared when your lease ends, it's important to start thinking about which option you will choose. These options include:

  1. Return the vehicle
  2. Extend your lease
  3. Purchase the vehicle
  4. Trade-in the vehicle for a newer model

Return the vehicle

If you decide to return the vehicle at the end of your lease, it should be fairly hassle-free. We will inspect for damages such as mechanical problems, abnormal or excessive wear-and-tear, as well as any damages to the exterior or interior. Please note that there may be some termination fees associated with your lease as well as costs related to wear-and-tear.

Extend your lease

Did you love your Hyundai Elantra or Tucson so much that you want to extend the lease? In some cases, this will be possible. This is typically recommended to drivers that aren't sure whether or not they want to return the vehicle, purchase it or trade it in for another/newer model, so they want some extra time to make that difficult decision. We advise speaking with one of our team members so we can better understand your situation and work to accommodate it.

Purchase your vehicle

If you would like to purchase your vehicle at the end of your lease, the cost will be determined by the depreciation value of the model over the lifetime of the lease. This is often much less than the current book value, which gives you a buying advantage if you go with this option.

Trade in your vehicle

If you have equity in your leased vehicle, trading it in for something new may be a good option for you. If the leased vehicle's true value is equal to or exceeds the residual value then you can use it as a trade-in. This way, you won't have to pay any termination fees or charges for wear and tear.

Lease a New Hyundai at Nemet Hyundai Today

If you have any other questions regarding the end of your lease, or leasing a new Hyundai at our Queens dealership, we encourage you to reach out to our dedicated sales team by calling 800-981-9386.

Contact

Nemet Hyundai

144-02 Hillside Ave
Directions Jamaica, NY 11435

  • Sales: (800) 981-9386
  • Service: (800) 917-8895
  • Parts: (800) 981-9736
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