Your Acura Lease End Guide: Exploring All of Your Options

Choosing an Acura lease has become increasingly popular due to their lower cost overall and less commitment. However, since these leases end after a few years, you may wonder what you can do with your vehicle when the time comes. There are several options that we can assist you with. Visit us at Acura of Sherman Oaks to learn more today.

Return Your Car For a New One

Most leases last between two and three years. If you get sick of your current vehicle by the time the contract is about to expire, one option is to return it and get something brand new instead. Be aware that you'll be subject to any applicable mileage charges or other penalties upon return. This is an excellent option for customers who like to drive the latest and greatest new Acura vehicles and want to switch things up for minimal cost every few years.

Extend Your Lease

If your current lease is ending but you still love your car as much as the very first day, you also have the opportunity to extend your contract. Some leasing companies offer month-to-month leases that go past the initial deadline, but you can also sign an extension that lasts a predetermined period just like the original contract.

Lease Buyout

Another option that's available to you if you love the car you've leased is to buy out the contract. This allows you to have complete ownership of the vehicle. There are two types of lease buyouts. The most common is a residual value purchase where you buy the car for a predetermined amount that can be found in the initial lease. However, you can negotiate with the leasing company for favorable terms if the vehicle has a lower market value than the residual value.

Visit Us in Sherman Oaks, CA, To Find Your Next Acura Vehicle

If you want to discuss the terms of your current lease or get started with a new one, contact our Sherman Oaks, CA, Acura dealership today. Once you're here, our team of finance professionals can help you find the ideal contract and explore the latest Acura lease offers. Give us a call or schedule an appointment for further assistance!