Lease-end FAQs
As your lease comes to an end at Land Rover San Juan, you probably have a number of questions that you're wondering about. Here are some of the most common questions we hear and answers we hope will be helpful.
What happens when I turn in a leased car?
When you return your leased Land Rover, you surrender the vehicle to us. toward the end of your leasing contract, we will do a thorough inspection of your Land Rover, checking for any excess wear and tear or damage that exceeds what's allowed in your leasing contract. You can then have any repairs made at your expense in order to fulfill the terms of your contract.
How can I get out of a Land Rover lease without penalty?
In order to avoid early termination fees and other penalties at the end of your lease, you have a number of choices available. Your lease agreement at Land Rover San Juan gives you an option to buy the lease out early. If you have enough cash on hand to purchase the vehicle for a good price, you can buy the car and then keep driving it or sell it to someone else.
Can I turn in my leased Land Rover early for another car?
Yes, at Land Rover San Juan, you can return a lease early. Even if you started your lease with another dealership, we can process your return and help you get started on another new lease or other options that are available to you. Just talk to the experts in our finance center to find out more details.
Is it better to lease or purchase a Land Rover with a loan?
A lease is better if you want to keep your monthly payments as low as possible and you want to give yourself the option of signing another new lease and moving into another new Land Rover every few years. A lease also gives you a lower initial down payment than what you'd have with a car loan. But a car loan is better for most people because it allows you to build cash equity in the car you're driving every day and that's money you can use to buy your next vehicle. In addition, a car loan lets you someday own your vehicle. Those are benefits you don't get with a lease.
What is the net capitalized cost in a lease?
The net capitalized cost is the final selling price of the vehicle. It's equal to the gross capitalized cost minus all rebates, incentives and any upfront money that you invest into your leased Land Rover.
Can I extend a lease on a Land Rover?
If you need more time to get the Land Rover you want, or if you're not sure whether you want to purchase or turning in your current Land Rover, you might qualify to extend your lease. As a general rule you can only extend your lease for six months if you are eligible.
How do I negotiate a Land Rover lease renewal?
Simply contact us at Land Rover San Juan and let us know that you want to extend your lease. We will be glad to review your request and determine whether you're eligible for the kind of extension you want.
Can a Land Rover lease be transferred to another person?
Yes, a Transfer of Equity/Lease might allow you to transfer ownership, equity and responsibilities for your Land Rover to a new customer who agrees to be bound by that contract.
Can I sell my Land Rover lease?
Yes, you can sell your Land Rover lease any time you want. Just remember that when you return your lease before the due date, you'll be responsible for an early termination fee. Ask us about any other lease-end questions you have at Land Rover San Juan in San Juan TX.
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