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What to expect

When having a vehicle it is always amazing to consider how fast time has gone by.  Hopefully owning your vehicle has been a great experience and it has been a valued part of your life over the last few years.  We understand that there are some vehicle lease customers that may not know what to expect when the lease is coming close to an end. To assist we have pooled together resources to ensure you have all of the information to make a decision at the end of your vehicle lease.

Vehicle lease end options

Buy or lease a new or used vehicle

Customers that currently lease a vehicle are eligible for additional discounts and rebates at any one of our dealerships. Not only will First Team help you process the end of your lease for no charge, they will also help you find your next vehicle and provide exclusive discounts.

Purchase your leased vehicle

Still in love with your vehicle? We understand! First Team will help you through the process of purchasing your lease vehicle. First Team will take care of all of the paperwork and find the best terms for your loan.

Sell your leased vehicle to First Team

Did you know that you may have some equity in your leased vehicle? That means it may be worth more than what the purchase option price is. First Team will make this easy by making you an offer to purchase your vehicle.

Return your lease to First Team

If you no longer need another vehicle, already purchased something else, or just want to turn in your lease- First Team is here for you.

How to return your leased vehicle

Turning in your vehicle lease is pretty easy at First Team.  We help customers every day in this process and help you focus on what is necessary. Getting your vehicle ready to turn to First Team is easy as well, because we take care of a lot of the little things that normally would be done by the owner– at no cost to you. Here is a simple checklist of things you will want to take care of, prior to bringing it in.

Things to know

Things to know before returning your vehicle

Take a good walk-around of your car. Bumps and bruises happen, and often without knowing that it happened.  Look for scratches in which the paint was damaged, dents and even missing pieces.  If you find something, do not fix it without talking to First Team. Some items may not be charged against you at all so you could spend money unnecessarily. Also, First Team can help you determine if there would be a charge to you-and what that may be. Remember: Wear is normal, the concern is for excessive wear.  This will help you make a financial decision – so you know if it is worth your time and money to make a repair.  (They also may offer to purchase the vehicle as-is).

Make sure you have made all of the payments made, and there are not any miscellaneous fees owed to  Financial Services. If you are not sure, First Team can help you to verify this.

If you are not sure, contact your local Department of Motor Vehicles to determine if your state requires license plates to be returned at the end of your lease.

You will likely receive a call from AutoVin to schedule a complimentary inspection of your vehicle. This is not required, but may provide you some peace of mind if you have time for it. This usually occurs between 15 and 60 days from the date of the lease ending.

Getting your vehicle ready to return

The easiest rule to remember, in returning your vehicle is “Dirt doesn’t hurt”.  While it is appreciated to have the car free of debris, and cleaned, it is not necessary. Dirt is part of regular wear and use, tears inside the vehicle and stains are different of course.  If this has happened to your vehicle, First Team can help you understand if it needs to be fixed, and how to best accomplish that.

It is normal as well, over the course of ownership, for items that came in the vehicle, to get displaced. Here is a simple check list of items you will want to make certain are still in the car when you return it.

2 sets of keys, Owner’s Manual, Toolkit/Spare Tire/Jack, Floormats

Any original equipment that your vehicle had when it was made, (radio, headrests, 3rd row sear, cargo covers etc)

On the day of the return, make sure you check your vehicle for items that belong to you. Doing a careful search of the vehicle will help. Be sure to look for items like garage door openers, CDs/DVDs, documents in the glovebox and phone chargers. Open all of the compartments, and don’t forget the pockets behind the seats and spaces under the seats. First Team will let you know if they find something in the vehicle, but we would hate for you to lose anything that is well hidden.

Also make sure that you clear your personal settings from the Radio system and deprogram the integrated garage door opener if you have one.  If you are not sure how to do that, just let First Team know and they will handle it for you.

What should I expect when we arrive at First Team to return my vehicle lease?

To ensure that your time is best utilized, it is recommended that you set an appointment for the lease return.  This helps First Team ensure that they can take care of you return quickly and efficiently.  First Team will be glad to answer any questions that you have and will help you be confident about the return and knowing if there are any other costs that may exist-as well as help you avoid those added costs.

When you arrive, you will get to meet the expert Vehicle Lease Return Team.  They will talk to you about the process briefly, and explain what to expect.  Then they will walk around your vehicle, look for items that could be a concern, and will notate how many miles the vehicle has.  Next, there are a couple of simple forms that will need your signature, such as an Odometer statement to acknowledge the current miles.  The process is pretty quick.

Keep in mind, this is NOT a meeting with a sales professional.  They are there only to help you with your vehicle lease return.

What happens after we return our vehicle lease to First Team?

First Team will notify Chevy Financial Services that your leased vehicle has been turned-in.  If you decided not to complete a voluntary inspection with AutoVin, an inspection will be completed at First Team within a few days of returning your vehicle.

Vehicle Financial Services will send you a Lease End Invoice, after the inspection, if you have any unpaid payments, late fees or miscellaneous charges. If there is EXCESSIVE use or wear on your vehicle, or if you have exceeded the allotted miles, that will be included on the invoice as well as a Disposition Fee if applicable.  If you paid a security deposit when the vehicle was first leased, that will be returned to you via mail.  Remember that Vehicle Financial Services, under certain circumstances, may not charge for excess wear and use damage.

Lastly, if you had set-up automatic payments with Vehicle Financial Services, you will want to cancel those.

Additional savings for leasing a new vehicle

As an appreciation of your Loyalty with Vehicle Financial Services, CFS will waive the Disposition Fee (up to $350) if you:Replace with a New or Certified Toyota or Lexus financed or leased through a participating Toyota or Lexus dealer and CFS  within 30 days before or after return.2

Or have had three or more Vehicle Financial Services.2

2 delays in termination, often as a result of delayed grounding or early return with remaining payments still due, may prevent cFS/LFS from applying the waiver prior to billing. Due to statutory requirements, customers who originated in NJ may receive a bill for a disposition fee prior to the application of the waiver. Disposition fee may be waived in other circumstances.

Honda

View all Honda lease options by visiting the link below.

View Dealer Information

Toyota

View all Toyota lease options by visiting the link below.

View Dealer Information

Chevrolet

View all Chevrolet lease options by visiting the link below.

View Dealer Information

Kia

View all Kia lease options by visiting the link below.

View Dealer Information

Subaru

View all Subaru lease options by visiting the link below.

View Dealer Information
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WE're the local choice
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WE're the local choice
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WE're the local choice
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we come to you
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WE're the local choice
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we come to you
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WE're the local choice
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WE're the local choice
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we come to you
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WE're the local choice
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we come to you
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WE're the local choice
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WE're the local choice
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we come to you
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WE're the local choice
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we come to you
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WE're the local choice
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WE're the local choice
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we come to you
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WE're the local choice
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we come to you
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WE're the local choice
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WE're the local choice
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we come to you
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WE're the local choice
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we come to you
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WE're the local choice
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