Your Options When Your Lease Ends
Do you have a Cadillac lease from Romeoville, or any other car lease, that is coming to an end? Leasing a car results in lower down and monthly payments and sometimes we enjoy driving a new vehicle every few years. Many people are faced with the decision of what to do when their car lease is up and don't know where to start, so we have options to help you through the process.
Extend The Lease
Did you enjoy driving your car for the term of your lease, but don't want to own it when the time is up? If you are making your lease payments on time, it's possible that you can ask for a lease extension where your lease can be extended for a limited time frame. Dealers can offer a special or even a discount that can help you hold on to the car for a little while longer.
Buy The Car
When your lease is up, you may have the option of outright buying the car. Reasons to buy the car when the lease is up could be because you've gone over the mileage rates and don't want to pay the extra miles penalties, or the car's price is lower than the market price. Sometimes, you just like the car and it's in great shape. As long as you don't put yourself in a financially bad spot, buying the car you leased is a great option.
Trade In The Car
If you didn't love the car you just leased, another option is to lease a new one. Trade-ins are popular and it can save you money as you end one lease and hop into another. Make sure you figure out what you did and didn't like about the previous car, so when you go to lease the next one, you'll be satisfied with your new vehicle.