When it comes to leasing, no agreement is like another. Every single vehicle, company, and period of lease changes the contract of your lease. This includes the end of lease process. The following is how most leasing contracts deal with the turn-in process so that you can be prepared when you return your vehicle.
As with most contracts that involve temporary use, the lease will have a specific date that the vehicle must be returned by. The company that you financed through will generally reach out to you to schedule an inspection by a third party to assess the condition of the car. This inspection can be completed at your workplace or home and is usually short, taking about 30 minutes. This step will occur around 90 days or three months prior to the end of your lease.
During the inspection, the condition of the car will be assessed according to what damages may be present. These damages fall under these categories:
Major and minor dents or dings, scratches, and scrapes on the body, bumpers, and wheels. They are especially attentive to curbed wheels
Cracks, pits, and chips on the windshield and windows
Excessive or unusual wear on the tires
Torn or stained upholstery that cannot be cleaned or repaired through regular means
The inspector will make a note of any damage, unsatisfactory repairs, the tires’ condition, mileage, and anything unusual about the vehicle. They will provide you with the same report that will be turned into the leasing company, including any pictures. Even if the car has some minor scratches or damage, it isn’t the end of the world. Depending on the severity, the leasing company won’t always charge you for them. An extra tip for you: some inspectors may have some pull in determining whether something passes as damage or not. This means that if you can be helpful or kind to them, it could go a long way.
Keep in mind that everything that came with the car needs to be returned with the car, which many people forget. These items may include but are not limited to: cargo covers, additional/spare keys, original floor mats, spare tire, or even a third-row of seats that may have been removed in favor of more space.
Despite all of your efforts, there may still be some fees to pay. If your mileage is higher than the agreed amount, then the leasing agreement is going to require you to pay for the additional miles. However, if your Porsche is damaged more than the contract allows, then you may be able to repair it prior to turning it in. Depending on the cost of the repair in comparison to the fee, it could be better to take it into a repair center. If you can repair it but there is not enough time before the due date, then you could ask for an extension. Most leasing companies will allow you to extend your lease by 6 months, however that is the limit.
Its best to have your vehicle inspected ahead of time to allow you to correct any issues before the contract’s date arrives. If you have any questions, contact us at (855) 473-9055 any day from Monday to Saturday!
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Pre-Owned Inventory