Question: Can I Return My Hyundai Lease To Any Hyundai Dealership?

How do I return a Hyundai lease?

Return Your Leased VehicleClean your vehicle inside and out.Remove any garage door remotes and toll tags.Fill out and sign an Odometer Disclosure Statement then fax completed statement to.

(972) 590-3968.Make sure all equipment originally provided with the vehicle is present, including but not limited to:.

Can I turn in my Hyundai lease early?

Turning in your vehicle before your lease maturity is considered an early termination and may result in significant charges. … Hyundai Finance waives this fee for customers who purchase or lease another vehicle with Hyundai Finance within 60 days after turn-in and not in default under current lease contract.

Does returning a lease hurt your credit?

We’re very pleased to be able to tell you that requesting an early termination to your contract will not affect your credit score as you are satisfying the agreement within your legal rights. The Voluntary Termination will be noted on your credit file, but this is nothing to worry about.

How much does it cost to return a leased car?

When your car lease ends, you may think you’re even with the dealer. But you’ll often find you still owe money because of what’s called a disposition fee. This fee, which typically runs $300 to $400, covers the dealer’s costs of putting the vehicle back onto the market to sell as a used car.

Does Hyundai negotiate lease buyout?

Hyundai Finance has flatly said we don’t negotiate the buyout/residual price; contract price is what you pay us.

What to do before turning in a lease?

7 ways to save on car lease turn-in feesDon’t schedule the appointment at your dealership. … Repair damaged bumpers, broken windshields or bald tires. … Don’t sweat minor door dings, scratches and upholstery stains. … Keep all the equipment. … Make sure that your car gets scheduled maintenance. … Think twice about wear-and-tear insurance.More items…•

How can you get out of a car lease without paying?

5 Ways to Get Out of a Car Lease EarlyTransfer Your Lease. Probably the easiest and most popular way to get out of your lease early is to transfer it using a 3rd party service such as Swap A Lease or Lease Trader. … Sell or Trade the Vehicle. … Return Vehicle and Pay Penalties. … Ask Leasing Company for Help. … Default on the Payment.

Should you buy out a leased car?

The end of your car lease can come before you know it, so it’s best to determine whether to buy out the car or return it to the dealer in the months before the lease period ends. Although you may love the car you’re leasing, it’s not always easy to decide whether to buy it once the lease is up.

Do I have to turn in my lease to the same dealership?

In theory, you should be able to return the leased car to any dealership of the same brand. … If you’ve moved or the dealership is no longer in business, you’ll obviously have to choose another one. Call the used-car manager to set up an appointment for the lease return.

Are lease disposition fees negotiable?

Disposition fee – The vehicle disposition fee is the charge to return your leased vehicle at the end of your lease. … The disposition fee is usually non-negotiable at the beginning of the lease and will not increase or decrease during lease period.

Can I sell my leased Hyundai?

Return It to the Dealership You can sell your vehicle back to the dealership you leased it from, or you can sell it to another dealership. … While it’s rare, you can actually make money on the deal if your vehicle is worth more than the total of the residual value and disposition fee.

What FICO score does Hyundai use?

Hyundai Motor Finance Auto LoanLoan AmountLoan Amount$10K – $70KAPRAPR0% – 30%Credit Score RangeCredit Score Range650 – 850Maximum Loan Term (Months)Maximum Loan Term (Months)72Jul 9, 2020

What do you do when you return a leased car?

What Are Your Options at the End of Your Lease?Turn in Your Car and Lease Another One. The most obvious course of action is to return your leased vehicle. … Extend Your Lease. … Buyout Your Car. … Lease Transfer. … Buyout and Resell. … Trade-in for Another Vehicle. … Terminate Your Lease Early and Pay the Fees. … Pre-Inspection.More items…

Why is lease buyout rate higher?

A lease buyout loan is financing for buying the car you leased, if the leasing company allows. Although a lease buyout loan could help you own a car you already know and love, these loans tend to come with higher interest rates than new car loans. And not all lenders offer them, so your options could be limited.

Is residual value same as buyout?

If you opt for a lease buyout when your lease is up, the price will be based on the car’s residual value — the purchase amount set at lease signing, based on the predicted value of the vehicle at the end of the lease. This amount may also be called the buyout amount or purchase option price.