Lease-End Options
Lease-End Options in Gainesville, FL
Are you considering leasing your next vehicle? Or is your lease about to end? There's a good chance you have some questions. We're here to help. The team here at Parks Lincoln of Gainesville will walk you through the lease process to ensure that your experience is as seamless as possible. Below, you'll find an overview of what a lease is, the benefits of leasing and what options you have at the end of your lease.
What is a Lease?
A lease is when you pay to drive a new car, truck, SUV or van for a certain amount of time without actually owning the vehicle. A standard lease usually lasts for two to three years, and you will be required to make monthly payments until the end of the lease. These payments cover the cost of the vehicle's depreciation. A lease will also include restrictions on how many miles you can put on the vehicle annually, such as 15,000 miles a year.
Benefits of Leasing
If you want to make smaller monthly payments, monthly lease payments are typically more manageable than monthly payments for a vehicle you bought. The down payment for a lease may also be smaller. Another benefit of leasing is warranty coverage; since you'll be leasing a new car for a short amount of time, it should be protected by the manufacturer warranty during the entire length of the lease. You'll also get to experience driving a new car every few years without having to deal with the process of selling your vehicle.
Your Lease-End Options
When your lease ends, you can decide to:
Return the car and begin a new lease
Purchase the vehicle you leased
Simply return the vehicle
If you're ready to try a new vehicle when your lease ends, you can bring the car to the dealership and begin a new lease. Or, if you've enjoyed driving the car so much that you want to continue driving it, you normally have the option of buying it at the end of the lease. If you decide not to lease or buy your next car at Parks Lincoln of Gainesville, all you have to do is return the vehicle. No matter what you decide to do, we'll make the process as simple as possible. If you're ready to explore our inventory, take a look at the latest Lincoln models we have available now.
If you have any questions about leasing, don't hesitate to contact us or stop by our dealership at 3333 North Main Street, Gainesville, FL 32609 . We look forward to serving our customers near Alachua, Starke, Ocala and Lake City.