Vehicle Lease Return in Calabasas, CA at Bob Smith BMW
Returning a leased vehicle can be a complex process. Many steps need to be followed for a smooth transition. It's important to be prepared and organized to avoid any last-minute issues or unexpected charges. When turning in a leased vehicle, some key things include scheduling a pre-return inspection, addressing any damages, gathering relevant documents, and scheduling the return with Bob Smith BMW. By following these steps and knowing the terms of your lease agreement, you can ensure that returning your leased vehicle goes as smoothly as possible.
Preparing to Return Your Leased Vehicle
1. Review your lease contract: Familiarize yourself with the terms of your lease agreement, including any end-of-lease provisions or requirements.
2. Schedule a pre-return inspection: Leases require that you have the vehicle inspected by us before returning it. This allows them to assess any damage and determine if any charges will be assessed against your security deposit.
3. Address any damages: If the pre-return inspection reveals any damages that are your responsibility, make sure to address them before returning the vehicle. This may involve making repairs or paying for damages.
4. Clean the vehicle: Thoroughly clean the inside and outside before returning it. This includes removing all personal belongings and trash and washing and vacuuming the car.
5. Collect documents: Get all relevant documents, including the lease agreement, maintenance records, and any keys or accessories that came with the vehicle.
Are you new to leasing and want to learn more about the car leasing process? Check out our helpful guide: How to Lease a New BMW for more information.
6. Schedule the return: Contact Bob Smith BMW to schedule a time to return the vehicle. Make sure to allow enough time for the return process, which may involve filling out paperwork and reviewing the vehicle's condition with us.
7. Return the vehicle: Bring the vehicle, documents, and any keys or accessories to the lease inspection appointment at the agreed-upon time. Make sure to turn over all copies of the keys.
8. Final inspection and paperwork: We will do a final inspection of the vehicle and go over any charges or credits with you. Make sure to review them all and sign any necessary paperwork before leaving Bob Smith BMW.
9. End vehicle insurance coverage: If you had an insurance policy specifically for the leased vehicle, make sure to cancel it once it has been returned.
10. Start shopping for a replacement vehicle: Be sure to check our latest new BMW lease specials. For example, we have exceptional offers and prices on new BMWx5s available this June - hurry, there are only 27 remaining until these offers expire!
Ready to return your vehicle lease to our BMW dealership in Calabasas, California? Contact our car leasing team to start the lease return process.
Lease Return Frequently Asked Questions
Do I need to have the leased vehicle inspected before returning it?
You can, but it is generally not advisable to return a leased vehicle with damages, as you may be charged for any repairs or excess wear and tear.
It is your responsibility to have the repairs made before returning the vehicle if the car, SUV, or truck is damaged.
Can I return my BMW leased vehicle early?
It is generally possible to return a leased BMW vehicle early, but it may involve a penalty or additional early termination fees. You should review the terms of your lease agreement to see if there are any provisions for early termination or disposition fees and any associated costs would be from the original leasing company.
Turning in your lease early may be a solution to avoid missing monthly payments and affecting your credit scores as well. We can help you understand your specific lease terms, contact us for more details
What happens to my security deposit when I return the leased vehicle?
When you return the leased vehicle, we will assess any charges against your security deposit.
Any remaining balance will be refunded via check or electronic transfer.
Can I purchase the leased vehicle when I return it?
Yes! You may purchase a leased vehicle when you return it. Please discuss this option with us and review any purchase offers carefully before deciding.
Buying the vehicle will depend on the terms of your lease agreement and the policies of Bob Smith BMW, such as any additional money due at signing.
Check out our available lease specials on new BMWs. We have new car, truck and SUV lease specials with affordable monthly lease payments for every budget.
Where is your BMW lease return center located?
Bob Smith BMW's BMW lease return center is located near Calabasas, CA. Need directions? We're located at 24500 Calabasas Rd Calabasas CA 91302.
Can I transfer my car lease to someone else?
It may be possible for the original lessee to transfer their car lease to another person. This is referred to as a "transfer of equity" or "lease transfer." This process involves finding someone who is willing to take over the lease and agree to the terms of the original contract.
The original lessee and the new lessee would enter into a "Transfer of Equity or Lease Agreement" to formally transfer ownership, responsibility and any equity in the vehicle to the new lessee. Be sure to check if that's an option and any requirements that are needed. These rules vary depending on the lease agreement.
Contact Bob Smith BMW to return your leased BMW vehicle
Returning a leased vehicle requires careful planning and attention to detail. Follow our recommended steps and be aware of the terms of your lease agreement. This will help your turn-in process go smoothly and avoid unexpected charges or issues. If you are near the end of your lease and need to return the vehicle, contact Bob Smith BMW as soon as possible to schedule a return appointment. This will let you ask questions or concerns and create a better experience for you, especially if you're replacing your previously leased car and buying a car, SUV or truck.