Acura End of Lease Options
Important Lease-End / Lease Renewal Information:
At the normal end of a lease, you have the following options:
- Re-lease a NEW Acura vehicle (View Current Lease Specials)
- Purchase your current Acura lease vehicle
- Trade your current Acura for another NEW Acura model
- Return your vehicle to MetroWest Acura & be on your way!
Be careful of your lease-end decision:
Don't make a quick decision as to which lease-end option you'll take. For example, if you simply return your vehicle to Acura without doing your homework, you may be handing the built-in value that belongs to you. (The market value is often higher than the end of lease value stated on your contract.)
- What if you have exceeded your mileage limits or have some minor damage to your vehicle?
- Is it best to return or to purchase?
- When is it advisable to use your leased vehicle as a trade-in?
- If you trade, do you still have to pay for excess mileage and wear-and-tear?
- Does purchasing a NEW Acura void paying mileage and damage fees?
Answering the above questions and deciding what to do requires a little homework, careful consideration of all your options, presented by a qualified lease professional. Remember, it's just as important to make the right decisions at the end of a lease as it was at the beginning. Each situation is different and must be examined on its own merits. There is no standard answer that fits every case.
We can offer expert advice to help you in the right decision that fits your situation.
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MetroWest Acura
500 Worcester Rd, Framingham, MA 01702
Sales 774-217-5182
Service 774-217-5186
End of Lease Options
Lease
1) Lease a comparable vehicle or new model
The Acura vehicle lineup has never been stronger with new models that offer outstanding lease values.
Special Offers for current Acura owners towards the lease of any new model may be available. To qualify, you must provide current registration of any Acura vehicle that you own or lease. (You do not need to trade the vehicle.)
Acura Financial Services may have pre-approved you for a NEW Acura lease or retail Financial Services. You may qualify for waiver of security deposit & up to $500 of excess wear & tear/excess mileage charge on your current lease.
Trade
2) Trade your lease vehicle
Use the built-in value of your current lease vehicle as a trade for a new Acura model. Trading eliminates the mandatory lease-end inspection and excess mileage/wear and tear expenses. Special Offers for current Acura owners towards the lease of a new model may be available. To qualify, you must provide current registration of the Acura vehicle that you intend to trade. We have an online appraisal page to give you an estimate of trade value.
Buy your current vehicle
- If you simply can't bear to part with your Acura vehicle at the end of the lease term, you can exercise your purchase option and buy the vehicle AS-IS from MetroWest Acura.
- You pay the guaranteed future value as listed on your vehicle lease contract plus a small purchase option fee, sales tax & a tag/title transfer.
- We may be able to assist you in financing.
- Lease-end Special Offers may be available from Acura Financial Service.
Return
3) Return your vehicle
If you decide to return your vehicle at the end of your lease, please review your lease agreement carefully. Make sure you understand your contractual obligations. A certified inspection company will provide you with an assessment of excessive vehicle wear & tear, if any. Contact the Acura Lease Customer Support at (866) 777-6495 to schedule a complimentary, but required vehicle inspection. You may always contact our dealership directly as well with any lease related questions.
Upon return of your vehicle, you'll be responsible for the following:
- Excess mileage charges maximum mileage is listed on your lease agreement
- Any official fees and state taxes due
- Any outstanding payments
- Excess wear and use charges - if your vehicle has sustained damage that is not a result of normal wear and use Registration fees
- All keys & remotes, spare tire, navigation disc, etc.
The return process
If you decide to return your vehicle, drop off at MetroWest Acura regardless of the original selling dealer, NO appointment is necessary
- Monday thru Friday 9:00am to 8:00pm
- Please remove all personal belongings and have the vehicle cleaned inside and out.
- Your tag will be removed at the lease grounding.
- Remember, you will need to coordinate a ride to home or work from MetroWest Acura.
- A final bill stating that money owed will be mailed to you from Acura Financial Services.
- A Return survey and Odometer Disclosure Statement (as required by federal law) will be generated at MetroWest Acura.
Early termination or other questions concerning your current lease, call Acura Financial Services quick information line (866) 777-6495
