Quick Answer: How Do I Return A Hyundai Lease?

Can I turn in my Hyundai lease early?

Turning in your vehicle before your lease maturity is considered an early termination and may result in significant charges.

Hyundai Finance waives this fee for customers who purchase or lease another vehicle with Hyundai Finance within 60 days after turn-in and not in default under current lease contract..

Are lease disposition fees negotiable?

Disposition fee – The vehicle disposition fee is the charge to return your leased vehicle at the end of your lease. … The disposition fee is usually non-negotiable at the beginning of the lease and will not increase or decrease during lease period.

What do you do when you return a leased car?

What Are Your Options at the End of Your Lease?Turn in Your Car and Lease Another One. The most obvious course of action is to return your leased vehicle. … Extend Your Lease. … Buyout Your Car. … Lease Transfer. … Buyout and Resell. … Trade-in for Another Vehicle. … Terminate Your Lease Early and Pay the Fees. … Pre-Inspection.More items…

Can I return my Hyundai lease to any Hyundai dealership?

10. May I Return My Lease Vehicle To A Different Dealership? Typically speaking, yes, you can trade-in your leased vehicle at a different dealership. It must, however, be an authorized dealership for the vehicle manufacturer.

Can I hand my lease car back early?

Once you’ve paid at least half of the tap to the finance company, you do have the option to hand back the car and walk away, a process called voluntary termination. … You can also pay off the loan early and keep the car but you may have to pay an early settlement fee. You should be entitled to a rebate on future charges.

Should I return my leased car or buy it?

The buyout option at the end of a car lease can be an attractive opportunity or a tool for damage control. … The buyout price is set by the leasing company at the beginning of your contract. If you’re anticipating extra fees and penalties, buying the car can cut your losses.

What happens if you don’t turn in a leased car?

Repossession. If you fail to return your lease and do not contact the bank to work out a purchase or lease extension, the bank can repossess the car. The terms of repossession are further discussed in your contract, but usually one missed payment is all it takes.

Do I get money back when I return my leased car?

If you take excellent care of your leased car and put far fewer miles on it than you’re allotted in your lease agreement, it may be worth more than the residual value stated in your lease contract when you go to return it. … That’s how you “get money back” at the end of a car lease.

Do you have to return your lease to the same dealership?

In theory, you should be able to return the leased car to any dealership of the same brand. … If you’ve moved or the dealership is no longer in business, you’ll obviously have to choose another one. Call the used-car manager to set up an appointment for the lease return.