Navigating the End of Your Lease

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Navigating the End of Your Lease

Posted on May 13, 2025

Navigating the End of Your Mitsubishi Lease: A Complete Guide from KW Mitsubishi

 

As your Mitsubishi lease nears its conclusion, it's natural to have questions about your next steps. Whether you're considering returning your vehicle, purchasing it, or exploring a new lease, KW Mitsubishi in Kitchener-Waterloo is here to guide you through the process seamlessly.

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Understanding Your Lease-End Options

 

At the end of your lease, you have several choices:

 

1. Return Your Vehicle and Lease or Finance a New Mitsubishi

 

If you're eager to experience the latest Mitsubishi models, consider returning your current vehicle and leasing or financing a new one. As a valued customer, you may qualify for our loyalty program, offering at least $500 off the lease or purchase price for eligible clients. Remember, a vehicle inspection is part of the lease return process.

 

2. Purchase Your Current Vehicle

 

If you've grown attached to your Mitsubishi, you have the option to buy it at the lease-end value specified in your contract. Contact KW Mitsubishi to discuss financing options and make the vehicle yours permanently.

 

3. Return Your Vehicle

 

Simply return your vehicle after satisfying any lease-end obligations. Ensure you bring all original accessories, including the owner's manual and extra keys.

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Preparing for Lease-End: Key Steps

 

To ensure a smooth transition, follow these steps:

 

Schedule a Pre-Return Inspection

Before returning your vehicle, schedule an inspection to assess its condition. This helps identify any potential charges for excessive wear and tear.

 

Review Wear and Tear Guidelines

 

Understand what constitutes normal versus excessive wear and tear. For instance, minor surface scratches are typically acceptable, while deep scratches or significant dents may incur charges.

 

Utilize Diamond Care Wear/Appearance Protection

 

If you purchased Diamond Care Wear or Appearance Protection, familiarize yourself with its benefits. Complete any necessary repairs before the lease ends to maximize your coverage.

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Exploring Early Lease Termination Options

 

Life circumstances can change, and you might need to end your lease early. Options include:

 

Lease Takeover

 

Transfer your lease to another qualified individual. Note that Mitsubishi typically charges a $500 transfer fee.

 

Early Buyout

 

Purchase your vehicle before the lease ends. This can be advantageous if the market value exceeds the residual value.

 

Trade-In

 

Some dealers may allow you to trade in your leased vehicle early, especially if you're leasing a new one. This could potentially reduce or eliminate remaining payments.

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Why Choose KW Mitsubishi?

 

At KW Mitsubishi, we prioritize your convenience and satisfaction:

 

• Personalized Assistance: Our team offers tailored advice to help you make informed decisions.
• Comprehensive Services: From inspections to financing, we handle all aspects of the lease-end process.
• Exclusive Offers: Benefit from our loyalty programs and special promotions.

 

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Ready to Take the Next Step?

 

Navigating the end of your lease doesn't have to be daunting. Whether you're returning, purchasing, or exploring new options, KW Mitsubishi is here to assist you every step of the way.

 

👉 Contact us today to schedule your lease-end consultation and explore your options.