Have you received a notification that your Mercedes-Benz lease is ending soon? If so, it’s time to start preparing for its return. Mercedes-Benz of Jacksonville shares what happens at the end of your lease.
Vehicle Inspection
When you return your lease, we’ll start by inspecting it. We look for anything other than normal wear and tear. This can include cracks, dents, stains, bald tires, and more. You will be responsible for excess wear and tear fees, so you should address these issues ahead of time, if possible.
Review the Mileage
During the inspection, we’ll also check your vehicle’s mileage. All Mercedes-Benz leases come with a mileage allotment, so we check to see if you stayed within your allowance. If not, you’ll also be responsible for paying mileage penalties.
Buying Your Lease
Finally, you’ll need to decide how you want to proceed. If you’re considering keeping the vehicle, you’ll need to have a buyout option in your contract, which also includes the purchase price. If you buy the vehicle, you won’t have to cover any fees, since you’re keeping the vehicle. This could also be a good option if your vehicle’s value is higher than its residual value, because you’ll have positive equity.
Returning Your Lease
If you’re returning your lease, you’ll start by covering any fees you owe. You could also owe a disposition fee, which covers the cost of cleaning your vehicle and getting it ready to sell. Next, you’ll need to decide if you want to buy or lease a new Mercedes-Benz car or SUV.
Prepare for Your Mercedes-Benz Lease in Jacksonville, FL
We encourage you to schedule an inspection with our service experts before your lease return. We can address any potential concerns to help you avoid fees. Visit Mercedes-Benz of Jacksonville for an inspection or to lease a new luxury car today!
