Find out about your lease-end options at Acura of the Rio Grand Valley

When your Acura lease is coming to an end, you have plenty of choices when you work with us at Acura of the Rio Grand Valley in San Juan TX. We consider it our job to help you determine the next step that works well for your budget and your lifestyle. It's very possible you'll want to continue leasing your Acura or you might want to drive away in something that's brand new. Regardless of your preferences, our staff is here to help you make the decision that's right for you. Here's a summary of the lease-end choices you have at Acura of the Rio Grande Valley.

As you reach the end of your lease, consider your many options

The financing and sales teams here at Acura of the Rio Grand Valley are committed to helping our leasing customers from Edinburg and Mission TX resolve all your transportation challenges and help you drive home in the Acura that best meets your needs. Please note that we can accept your Acura lease return even if your lease originated with another dealership.

Option #1: Purchase your leased Acura SUV or sedan

It's very common for Acura lessees to fall in love with the Land Rover they've been driving every day over the course of their lease contract. If that's the case for you, you can buy it outright and keep driving it over the long run. Simply visit our finance center to explore your purchasing options so you can make your Acura RDX or Acura MDX entirely your own. As soon as your purchase is finalized, you won't have any more mileage limitations or fees to worry about. 

Option #2: Sign up for a new Acura lease

To get the most out of leasing your Acura SUV or sedan, a lessee from Corpus Christi or Laredo TX might want to lease another new Acura at the end of your current leasing contract. That would allow you to continue enjoying the benefits of short-term ownership and drive home in a new Acura every few years. When you exercise that option, you can take advantage of all the latest Acura styling, technology and performance features. After you return your leased model, our Acura sales consultants can help you get familiar with our lineup so you can find the perfect option for your next vehicle.

Option #3: Return your leased Acura and walk away from leasing

At Acura of the Rio Grand Valley, we know that there are times when the option that works best for you is simply to return your Acura and move on to other choices. While driving home in another new Acura might not be the next step for you right now, you can hand over the keys to your current leased Acura and our team will help you close out your leasing contract.

We will make sure you have a quick and simple end to your current lease by providing you with outstanding customer service. Of course, if you ever change your mind, our knowledgeable staff will be ready to help you find another new or pre-owned Acura in the future.

Option #4: Buy one of our new or used models

After you return your Acura, you don't have to sign a new lease. At Acura of the Rio Grand Valley we make it easy to find your next vehicle with our comprehensive inventory of new and used cars, trucks and SUVs. By purchasing an Acura, you'll begin to build cash value in the car you drive every day and that can be a much better long-term financial decision. Let us help you decide on the best option for you at Acura of the Rio Grand Valley in San Juan TX.

 

FAQs for the end of your Acura lease

If your lease is coming to an end at Acura Rio Grande Valley in San Juan TX, chances are you have several questions you'd like to have addressed. Here are some common questions we often hear along with answers we believe will be helpful.

You can reach out and get in touch with Acura Financial Services by calling their Customer Service line at (800) 366-8500. Alternatively, you can call (888) 528-7876. You can reach a live person with Acura Financial services by calling (866) 950-2439.

In order to avoid early termination fees and other penalties at the end of your lease, you have a number of choices available. Your lease agreement at Acura Rio Grande Valley gives you an option to buy the lease out early. If you have enough cash on hand to purchase the leased Acura for a good price, you can buy the car and then keep driving it or you can sell it to someone else.

Yes, at Acura Rio Grande Valley, you can return a lease early. Even if you started your lease with another dealership, we can process your return and help you get started on another new lease or other options that are available to you. Just talk to the experts in our finance center to find out more details.

A lease is better if you want to keep your monthly payments as low as possible and you want to give yourself the option of signing another new lease and moving into another new Acura every few years. But a car loan is better for most people because it allows you to build cash equity in the car you're driving every day and that's money you can use to buy your next vehicle. In addition, a car loan lets you someday own your vehicle. Those are benefits you don't get with a lease.

The net capitalized cost is the final selling price of the vehicle. It's equal to the gross capitalized cost minus all rebates, incentives and any upfront money that you invest into your leased Acura.

content

If you need more time to get the Acura you want, or if you're not sure whether you want to purchase or turning in your current Acura, you might qualify to extend your lease. As a general rule, you can only extend your lease for six months if you are eligible.

Yes, Honda offers Acura lessees a 2% rate reduction if you qualify for the Honda or Acura cross brand loyalty program. In addition, the Honda leasing loyalty program does apply to Acura customers as well.

Simply contact us at Acura Rio Grande Valley in San Juan TX and let us know that you want to extend your lease. We will be glad to review your request and determine whether you're eligible for the kind of extension you are asking for.

A Recommended Timeline for Returning Your Leased Vehicle

120 Days Before Lease End

Four months can seem like a long time before your lease term is up to start considering your options. However, starting at this point will help you save time later and helps you determine your path forward. We recommend drivers around Edinburg, TX, become familiar with their lease agreements as a first step. Pay special attention to the residual or lease-end value, which will help you determine if buying, selling, or returning your vehicle is the best option.

90 Days Before Lease End

At three months before the end of your lease, we recommend considering what vehicle you want to drive around Mission, TX, for the next three to four years. Perhaps you can imagine driving your leased vehicle in the future. However, you may want to account for changes in your lifestyle and which vehicle would be best. It's possible a family-oriented SUV would be a better choice if your family is growing or a more efficient car if you plan to have a job with a longer commute around Corpus Christi.

Luckily, you can consider a broad range of options at our dealership if transitioning to a different vehicle is the right option for you. Our Acura dealership serves Laredo and surrounding areas by carrying the latest Acura models. You can find high-end features and amenities from popular models like the Acura Integra, Acura MDX, and Acura RDX.

We also carry used cars, trucks, and SUVs that let you keep your costs low while exploring high-quality models. Various brands, body styles, and features are available to help you find the best match for your lifestyle and budget.

60 Days Before Lease End

At the two-month mark, it's the right time to schedule an inspection. Our team has experience inspecting vehicles and helping customers prepare to return their vehicles. Inspections typically take as little as 45 minutes to complete, making it easy to stop by after work or during breaks. You can receive the highest value in your condition report by bringing the items that came with your vehicle and cleaning your vehicle before the inspection.

You will receive a condition report and an estimate of costs from the inspector after the inspection. The reports and estimated costs will help you decide later.

30 Days Before Lease End

With just a month before your lease ends, you're in the final stretch. At this point, we recommend scheduling a time to bring in your vehicle. Our team will help you find the best date and time that suits your schedule. Have your current mileage, end-of-term-payment, and information from the inspection ready when bringing in your vehicle for this final step.

Keep in mind you can return your leased vehicle to us even if you leased it at another location.

Your End-of-Term Options

Purchase Your Leased Vehicle

If you're interested in keeping your leased vehicle, you will be the first to have the opportunity to buy it. Our finance team can determine the value of your car and calculate what you have already paid to find a payoff quote. You will need to pay off any remainder of your lease and the vehicle's current value. We are available to help you find affordable financing options to make this transition to ownership easy and convenient.

Buying our leased vehicle lets you avoid any end-of-lease fees you may have incurred.

Trade-in Your Leased Car

If you choose to trade in your leased vehicle, our finance team will pay off the remainder of your lease to buy your vehicle. We will use the vehicle's wholesale value as a trade-in credit, subtracting the termination charges from that amount. If the payoff value is more than the trade-in credit, we will apply it to your next vehicle. This method lets you avoid end-of-term fees and sales tax.

If your leased car is worth more now than the residual value set by the lender, you will have lease equity. You can put your lease equity towards your next vehicle to enjoy savings.

Return Your Vehicle

You can simply return your leased vehicle without choosing another option from our inventory or financing your existing leased vehicle to buy. It's possible that the best option for you is to return your vehicle and move on to another option, and that's alright. Bring all the information you received from the inspection and the items that came with your vehicle.

If you haven't cleaned your vehicle yet or it's had more wear since your last cleaning, it's worth considering another cleaning to ensure you don't incur extra lease-end fees. Our team will provide a quick, final inspection, provide you with any fees incurred, and let you sign the final paperwork.

Learn More

Our team is here to help if you have questions. Contact our finance team today to get started.