Most leasing companies will invite the holder of the leased car about 90 days before the end of the lease in order to come in for a pre-inspection. In this stage, you need to make an appointment with either the leasing company or often with a 3rd party responsible for the inspection of the car.
The purpose of the inspection is to determine if there is more than the normal wear and tear on the car before it is returned to the leasing company. The reason for this is because the leasing company wants to maximize the dollar value it can get in the case where they sell the car.
Things that the inspection looks for include the following:
– excessive mileage
– dents and scratches
– windshield cracks
– excessive dirt on the upholstery
– curbside damage on wheels
– excessive wear on tires
Ways you can minimize your payout costs at the end of your lease:
– arrange for a pre-inspection early so that all the faults are pointed out to you
– get a quote from the dealer as to what you will have to pay to return it as is
– take the list of the things to be repaired and get quotes for the repair from outside shops such as pdrservices.ca
– try to negotiate with the dealer if you are leasing another car from them
– consider selling the car privately for a profit and just pay the buyout to the dealer.
– consider buying the car and not spending on leases anymore.
Most people don’t realize that it isn’t necessary to return the car to the same dealer it was leased from. Sometimes it is worth shopping around and finding a dealer which is more lenient and is more flexible in the case where you are going to be getting another car from them.
Of course, it is also advisable to keep the car in good shape throughout the lease term and not to leave everything to the last minute to be repaired and maintained.
For more information and to book an appointment for a Lease Return Inspection visit us at pdrservices.ca