Lease Return at Kia of Lincolnwood
Now that your lease is coming to an end, it’s time to make a decision: Lease a new Kia, return your current lease, or walk away. Whichever option you choose, the experts at Kia of Lincolnwood are here to help make the process as simple and stress-free as possible. Keep reading to learn more about all your lease return options, the difference between financing and leasing, and more.
Lease-End Overview
You have a big decision ahead: whether to drive off in a new Kia, buy your current leased vehicle, or just return it. Did you know that you’re also able to end your leases early or trading in leased vehicles early if you plan on selecting a new Kia lease? It’s true, we offer a wide range of benefits and incentives that make lease ownership a great option! Whatever you choose, we’ll be with you all along the way.
Return your Lease
Returning your lease and changing it out for a new Kia is easy. Plus, you can expect to enjoy additional loyalty perks and pre-approved financing! These are the things you should do during the last couple of months of your lease to be best prepared to turn in your Kia:
- Identify any potential excess wear and use through a Self-Assessment
- Make necessary repairs to avoid any excess wear and use charges
- Get specific details on your options by calling a Lease-End Advisor at (855) 537-8542, Monday through Friday, 8 a.m. – 9 p.m. Eastern
- Visit the KMF Advantage page to see the benefits of leasing again or purchasing with us
- Schedule a Turn-In Appointment at your Kia dealer
Buy your Lease
If you are interested in purchasing your current lease, you can unlock special incentives and savings. When you choose to purchase your lease, you are also only paying for the value of it as if it’s a pre-owned car. This helps you unlock even further savings and allows you to enjoy the best value possible.
Buying
When you finance your vehicle, you’re buying it and will receive a range of impressive ownership benefits. Not only are you getting a sophisticated and reliable vehicle, but you’ll also be receiving an impressive warranty loaded with perks. Financing is a great option for anyone looking for long-term investment and has enough money to pay a decent upfront payment. Your monthly payments will be determined by the vehicle price, amount of your down payment and trade-in value, interest rate, and length of your term. Additional buying benefits include:
- Less worry about your car’s condition
- No limit on mileage
- Full ownership of your vehicle
- Factory warranty to cover major repairs
Leasing
When you lease a vehicle, you’re only paying for the portion of the vehicle you use over the course of the lease. A lower down payment, or none at all, may also be possible. Leases generally only last 24 to 48 months which means you’ll always be getting the latest stylings, technology, and performance offerings. You can even trade-in your current vehicle for a lease and get the total value deducted on your overall monthly statement or use it as a down payment! So if you like to change things up or want to try out a different model every few years, leasing may be right for you. Additional leasing benefits include:
- Payments are usually lower, compared to a purchase
- Lower down payment
- Opportunity to drive a new car every two to three years
- Factory warranty to cover major repairs
Why finance at Kia of Lincolnwood?
Our finance experts are here to guide you through the financing process and help you get into the vehicle of your dream today. Kia Finance has provided leases and financing to millions of Kia drivers. Kia owners can book dealership appointments, see maintenance milestones, make car payments if financed by Kia Motors Finance, view owner’s manuals, and more all online. Additional reasons to choose Kia over the competition include:
- Kia Motors Finance offers special rates and incentives
- Kia Motors has a special loyal program for returning customers
- Access your Kia Motors Finance account 24/7, no matter where you are
- Special Offers on New Kia Models at Kia of Lincolnwood
- Kia is the #1 Ranked Brand, Mass Market, 6 Years in a Row
Finance FAQs
How long does my finance contract last?
- Financing contracts usually are for 24 to 72 months.
- Leasing contracts usually are for 24 to 48 months.
What are the adavantages of purchasing my lease?
- You are the only previous owner/driver
- More cost-efficient than buying a brand new car
- Ability to choose your lender
- Ownership means the ability to pay off and sell
- No mileage restrictions
How many mailes can I drive with a leased Kia?
You determine the number of miles you plan to drive during the lease term before you sign the contract. You may buy additional miles upfront. Between 12,000 and 15,000 miles per year is typical. You may incur charges on any excess mileage.
What happens once my lease is over?
You may purchase your lease vehicle or return it to your Kia dealership, at which point you may choose to purchase or lease a new Kia.
Can U trade-in my car for a new Kia lease?
Yes, your trade-in value will be deducted from your lease total or downpayment.
What is the early trade-in process like?
Early trade-in with Kia allows you to trade in your Kia for a new model with a new contract.
Should I lease or finance my next car?
Choosing whether to lease or finance is a personal decision you should base on your lifestyle and budget. Our finance experts at Kia of Lincolnwood are happy to help walk you through the pros and cons of each option.
What are the disadvantages of financing a new Kia?
- Customize the vehicle to make it uniquely yours
- Unlimited miles without penalty
- Build equity with ownership
- There are no charges for excess wear and use
What are the disadvantages of financing?
- No limit on mileage
- Full ownership
- Factory warranty
What are the advantages of leasing a Kia?
- Lower down payment
- Lower monthly payments
- Return for a new model every two to three years
- Factory warranty covers major repairs
Why choose Kia Motors Finance?
Kia owners can book dealership appointments, see maintenance milestones, make car payments if financed by Kia Motors Finance, view owner's manuals, and more all online.