When Can I Return?
At any time during your lease, you can terminate your lease. To do so, you will have to buy out the remaining amount of your lease, known in the trade as a "buyout".
Depending on the market, your vehicle may be worth more or less than the estimated value at the time of starting your lease with the manufacturer.
If your vehicle is worth more than the residual value, this is called positive equity. It allows you to sell your vehicle for more than the value of your current vehicle. In this case, when you trade in your vehicle, you could receive a check for an amount to be determined with our specialized appraiser.
Conversely, if the value of your vehicle is lower than the residual value, you will have to add money to trade in your car.
In this case, it’s possible to add the debt to the new contract, it’s called a "rollover".
How Do I Know What My Vehicle Is Worth?
You can contact the advisor with whom you finalized the transaction at the dealership at any time to verify the amount you owe for your current vehicle.
He or she can then advise you of the current price and give you an estimate of your leased vehicle.
How Do I Finalize the Lease Return?
To validate the current value of your car and continue your shopping process, we will need to see the vehicle and have a copy of your contract to validate the information.
This is best done at the dealership but can also be done online by filling out the form below. Once we’ve received the initial information, our expert will contact you to complete the process.
