What to Do When Your Lease Ends

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When your vehicle lease begins to run out, you will likely be contacted by the leaseholder to find out what your plan is for the car. You have several options.

If the vehicle is within the agreed upon mileage and is in good condition, you can turn the car in with no penalties. However, if you've surpassed the distance allowed by your lease agreement, or the car has significant damage or wear and tear, you are going to owe penalties and fees to the leaseholder. At that point, you might decide to negotiate buying the car for a good price. If you are indecisive, that's okay too. There are still many other financing options that you can look through, and our team can help.

For more information on your lease, or if you are planning on purchasing a new car after your contract ends, call BMW of Montgomery today for more details.

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