End-of-Lease Options for Subaru Drivers in Greater Bronx Area
When a Subaru lease is coming to an end, drivers throughout Bronx, NY and beyond may find themselves wondering what their next steps may be. Here at Milea Subaru, we're here to help, and to do so we've compiled a quick rundown of the end-of-lease options available to drivers.
Option 1: Purchase the Leased Subaru
Many drivers are likely to have fallen in love with their Subaru and want to continue the enjoyment. This is quite common, so purchasing the vehicle outright is a great option. Here's what you'll pay :
- The purchase price
- Unpaid amounts due - late charges, any past due payments, personal property taxes, and any traffic or parking citations.
- Sales/use tax, if applicable
- Purchase option fee, if applicable
Now, your Subaru will be yours to keep and enjoy!
Option 2: Return the Vehicle
If you'd like to part with the vehicle and walk away from it, the process is very simple, but here are some reminders :
- Remove all personal items from the vehicle
- Place Owner's Manual in the glove compartment
- Provide maintenance records for the vehicle
- Expect a lease-end bill including any charges for excess wear/use and excess mileage
Option 3: Lease or Purchase Another New Subaru
Once your lease is up, you can then take advantage of the numerous benefits that come with a vehicle lease. Upgrading to a new Subaru lease will get you in a cutting-edge Subaru model with ease. Of course you may want to purchase a new Subaru outright, either way our auto finance team will be ready to help you decide what the best step forward will be, and set you up with the best option.
Don't hesitate top contact us with any questions, or feel free to come by our location, conveniently located to serve drivers in Westchester, New Rochelle, Pelham, Yonkers, and beyond.