BMW Lease Return FAQ
Leasing a BMW is a great option. It provides short-term access to a luxury sedan or SUV as a simple way to enhance your Spokane, Spokane Valley, and Liberty Lake, WA, travels. While you and your leased vehicle will create countless memories together, the time will come when you must return the vehicle to the dealership.
When returning a leased vehicle, there are a few things to keep in mind. Thankfully, the lease financing experts at BMW of Spokane have created this BMW lease return FAQ guide to help you learn more. Let’s get started!
How Do I Know When My BMW Lease Is Over?
Each lease is different. Typically, automotive leases last anywhere from 24 to 36 months. Before you sign off on the lease, you and the financial expert who created the lease would agree on a set timeline.
You may be contacted about 90 days before the end of the lease, so you can start preparing for the BMW lease return. If you’re ever unsure when your vehicle’s lease is up, our team is always here to help!
How Do I Return a Leased Car?
Returning the leased BMW is easy. Simply head over to the dealership and turn in the keys.
At this time, you do have a few options on how to proceed:
- Buy the vehicle
- Lease a new vehicle
- Walk away with no vehicle
Each option has its benefits, so make sure you’re making the right decision for you. Unsure which option is best? Let our finance team help you figure it out!
Do I Have to Return the Vehicle to the Same Dealership?
Generally speaking, no. You don’t have to, but it’s highly recommended. However, your lease could specify where it needs to be returned.
If there is no specification in your lease contract, you should be free to return the vehicle to any same-brand dealership.
Do I Need to Service My Leased Car Before Returning?
An inspection is always performed when a vehicle is returned. During this inspection, the technician looks for anything beyond normal wear and tear, which includes things like tire wear.
The benefit of servicing your leased BMW prior to this inspection is that you have time to make any necessary repairs before returning the vehicle. This way, you’re limiting the potential for an increased disposition fee.
One of the many benefits of leasing a vehicle is that the vehicle is likely to remain under warranty throughout the duration, making service easier than ever.
What Is a Disposition Fee?
A disposition fee is what you’ll pay at the end of your lease. This is the cost to get the vehicle ready for reselling. If you choose to buy your leased vehicle, the disposition fee is typically waived. Disposition fees vary from vehicle to vehicle for many reasons.
If you have any questions about this, don’t hesitate to contact our team.
Can I Get an Extension on My BMW Lease?
It is possible to get an extension on your vehicle lease. If you’re interested in extending your BMW lease, please contact our team.
Can I Return a Lease Early?
There are ways you can have your BMW lease returned early. There are a few ways you can go about canceling the lease before the contract date. One way to return the leased vehicle early is to pay the remaining balance of the lease. Another option is buying the vehicle before the lease is up.
Contact our team if you have any questions or are interested in returning the vehicle early.
Speak With a Finance Expert Today
Is the end of your vehicle’s lease nearing? Want to prepare yourself for the next steps? The team of BMW of Spokane is here to help. Whether it’s answering any BMW lease return questions you have or planning for what comes next, we’re here to help.
We invite those in and around Spokane, Spokane Valley, and Liberty Lake, Washington, to visit our finance center to speak with one of our experts today!
| Monday | 8:30AM - 7:00PM |
| Tuesday | 8:30AM - 7:00PM |
| Wednesday | 8:30AM - 7:00PM |
| Thursday | 8:30AM - 7:00PM |
| Friday | 8:30AM - 7:00PM |
| Saturday | 8:30AM - 7:00PM |
| Sunday | 10:00AM - 5:00PM |
| Monday | 7:30AM - 5:30PM |
| Tuesday | 7:30AM - 5:30PM |
| Wednesday | 7:30AM - 5:30PM |
| Thursday | 7:30AM - 5:30PM |
| Friday | 7:30AM - 5:30PM |
| Saturday | 8:00AM - 4:00PM |
| Sunday | Closed |
| Monday | 7:30AM - 5:30PM |
| Tuesday | 7:30AM - 5:30PM |
| Wednesday | 7:30AM - 5:30PM |
| Thursday | 7:30AM - 5:30PM |
| Friday | 7:30AM - 5:30PM |
| Saturday | 8:00AM - 4:00PM |
| Sunday | Closed |