Have you ever wanted to know how to lease a car in Schaumburg or Elgin? The team at Biggers Mitsubishi has laid out everything you need to know to get started. Our guide covers what to expect, what to take care of during your lease, and how to prepare for the end of your leasing contract. We want your next upgrade to be your best yet, so don’t hesitate to reach out if you have questions!
When you lease a car, you are essentially paying for the use of a vehicle for a predetermined period of time. Your leasing costs are primarily based on the vehicle’s expected depreciation over that period, with additional fees and interest charges built into the contract.
So, how does leasing a car work in practice? Here’s what you should keep in mind:
Do you currently own a vehicle? If you’re getting ready to lease a new model, you can trade in your old model to reduce your monthly payments!
Before your lease draws to a close, contact our dealership and find out exactly what you’ll need to bring to our lease return center in Elgin. It’s smart to do this well in advance, since you’ll need to schedule a pre-inspection before you turn in the vehicle.
There are several options to consider at the end of your term:
If you intend to return the vehicle and lease a new car, let us know early on so we can have the new vehicle ready for you on the day of your lease return! You’ll also need to take the following steps:
Now that you understand how leasing a car works, it might be a good idea to sit down with our financing team and talk details! On the other hand, you can shop and lease from the comfort of your home when you take advantage of our online buying tools. Feel free to start the process of upgrading today!