At the end of a car lease, lessees typically have several options depending on the terms specified in the lease agreement. These options may include:
Lease Renewal: Some lease agreements offer the option to renew the lease for an additional term. This can allow you to continue driving the same vehicle for an extended period.
Lease Return: If you decide not to renew the lease you can return the car to the lessor at the end of the lease term. During the return process, the lessor will typically conduct a thorough inspection to assess any excess wear and tear or mileage overages. Additional fees may apply if the vehicle does not meet the predetermined wear and tear guidelines or if the mileage exceeds the agreed-upon limit.