Lease Termination in New Rochelle
Lease termination is the process of transferring a leased vehicle back to its respective owner (the auto leasing company) at the end of the leasing contract. There are plenty of terms applicable during this period and depending on a lessee’s usage, it would be a matter of simply handing over the keys or paying several thousands of dollars in compensation. New lessees in particular may not be well aware of the procedures involved at the end of a lease contract. This may partly be a fault of the auto leasing company as most companies fail to brief the lessee prior to signing on the steps and measures that will be taken at the end of a lease.
Typically, most auto leasing companies impose a limit on the number of miles they can cover per year. If this value is exceeded, they will be billed per mile beyond this. Furthermore, depending on the status of the engine, interior and exterior, the lessee may be charged if the usage is excessive. Knowing what is considered excessive can be tricky. When you work with New Rochelle Car Leasing however, we take our lessees through an extensive education process so they know exactly what steps and measures to take to prevent the bill from the car leasing company during lease termination.
If you would like to learn more, contact us on 631-527-0050. Even if you have currently leased your vehicle with another auto leasing service, we should be able to give you a few tips to ensure that you won’t be liable to a hefty fee.
Vehicle maintenance tips
Each car, van or truck is different. Depending on the type of vehicle, it may need different amounts of attention in order to preserve its brand new condition and keep running like it is just out of the car lot. This is why on top of learning the practical and theoretical aspects of each of our car models, our auto leasing experts are also well versed with the specifics of maintenance for all models that we have at New Rochelle Car Leasing. Diesel, hybrid and electric vehicles would require different maintenance procedures in comparison to a gas vehicle. In addition, there may be slight differences in treating your vehicle depending on the brand and how performance oriented it is.
When you work with New Rochelle Car Leasing, we give you all the instructions you need during signing of the lease to ensure that the car will be in good condition when you return it. Many people fail to understand that once the car is in their possession, it is still not their personal asset and must be returned. By adhering to our detailed instructions on proper care, you can be sure that you won’t have to pay any compensation at the end of your car lease.
Relaxed compensation claims
Some car leasing companies look to charge every minor issue that the car during lease termination. At New Rochelle Car Leasing, we try to implement the opposite. We only look to charge our customers if there is a significant issue that will cost us excessively to recondition. To learn more about our lease termination procedure and policies, contact 631-527-0050.