Leasing FAQ
If you are coming up to the ending of your current car or truck lease in Metairie, you're likely to be curious about what your next steps are going to be. The end of a lease is usually both exciting and a little stressful, primarily based on a couple of issues. It's exciting considering that it creates the potential to drive a different car rather than your existing one; it might be tense if you're unclear about the most suitable plan of action for your financial situation.
Whatever you do with your vehicle as soon as the lease has ended will depend on the money you are able to spend, combined with whether you'd like a different car or not. Evaluate a few of your possibilities as it comes time for the end of your lease; you can contact Cadillac of New Orleans with questions about your lease conclusion.
What You Need to do as Part of Your Lease Return
As your current lease draws to a close, chances are you'll question your next steps for you as well as your vehicle. The conclusion of a lease term requires you to have your vehicle inspected and returned to any Cadillac dealership, but according to how you intend to complete the process, there may be more to it than that. You'll have three basic options for ending your lease: It is possible to buyout your lease, you are able to return your lease, or you can return your lease and select another vehicle. Consider some of our FAQs to answer any concerns you could have concerning the end of your lease.
Do I have to return my lease to Cadillac of New Orleans?
You can actually return your leased vehicle to any Cadillac dealer, regardless of where you leased it from originally.
What if I wish to end my lease early?
If you wish to end your lease before its scheduled termination, you are able to buyout your lease whenever you want, or you are able to trade-in your car at any time. If you wish to turn your vehicle in early, you will simply be accountable for any remaining payments on your lease.
Should I buyout my lease?
Choosing to buyout your lease is often a great choice based on your position. You should compare with your additional lease-end possibilities to be sure that you are making the best choice. Typically, the end-of-lease buyout price will simply be any residual value within your lease contract; it's up to you to determine whether the residual value is a reasonable cost that you can pay. It's necessary to consider whether you would pay that price to get a different used car of precisely the same mileage and equipment. If you're undecided about how to answer this, feel free to call us anytime at (504) 517-0849 to talk with a leasing specialist.
What is the method for turning my lease in?
When you'd like to turn in your lease, your vehicle needs to be assessed by an authorized agent. Once this has been done, turning in your lease will simply require that you complete some paperwork about the vehicle.
When should I have my vehicle inspected?
It's suggested that you have your car inspected within the last two months of your lease. This will make sure that you have plenty of time to schedule repairs on the vehicle, if there is any required maintenance.
Why can't my dealer carry out the vehicle inspection?
Only authorized agents can complete end-of-lease inspections, but if you can return your vehicle to Cadillac of New Orleans at the conclusion of your lease, we are able to contact an authorized agent who can perform the inspection.
How long will the inspection take?
The inspection of the car should take around an hour, unless there is an excess quantity of problems with your vehicle.
Do I need to be present through the end-of-lease inspection?
While it isn't a necessity that you be present for the inspection of the vehicle, we do strongly suggest it. If you are at the vehicle inspection, you are able to better understand the assessment results, as well as any charges that might apply. In addition to this, you will have to sign off on the vehicle report that the inspector produces; you will also receive a copy of the report at this time.
Still have questions?
Call us at 504-517-0849, contact us online, or come see us personally for additional details on the end of your lease.
