So the lease on your BMW is coming to an end, what now? It’s time to think about your three end-of-lease options.
Option 1 – Get into a new BMW
Now is the perfect time to look at a new BMW. Choose from lease or finance options, and new or Certified Pre-Owned vehicles. BMW of North Haven is committed to making sure you love your new BMW just as much as your old one. If you plan to order a new vehicle, make sure to do so at least 6 weeks prior to your lease end to ensure an easy transition from your previous lease to your new vehicle.
Option 2 – Keep your current BMW
Love your BMW too much to let it go? Keep it! You have the option to purchase your vehicle for the Payoff amount provided by BMW Financial Services, either in full or with financing. This is a great decision for any vehicles with excess mileage or wear and tear, because all the fees are absolved.
Option 3 – Return your BMW
If you’re not ready for a new vehicle, you have the option to return your BMW at the end of your lease.
For returning lease customers, the $350 disposition fee waived when entering into a new lease/loan with BMW Financial Services.
Returning lease customers receive a 20% savings on any overage charges accumulated on the previous lease.*
Get that new car feeling sooner. Take advantage of special offers and pull-ahead programs as a BMW of North Haven lease customer. During the pull-ahead program, BMW of North Haven will waive up to six months of payments remaining on your lease, when you lease or finance another BMW through BMW Financial Services.*
With a lease, you’ll never have to worry about trading in your vehicle and losing equity. Your lease payment covers the value of the car without extra fees.
Lease End FAQs
My lease is up soon, is there anything I should be doing to prepare?
Vehicles should be inspected prior to the turn-in date to avoid additional charges. Around 90 days before your lease ends is the optimal time to schedule an appointment with BMW of North Haven for a pre-inspection of your vehicle. Although not a requirement, a pre-inspection can give you an idea of any issues that might come up during the final inspection, and allows you time to make any necessary repairs to avoid a charge.
When is the final inspection, and how long will it take?
The final inspection on your vehicle is done the day you turn your lease in. It takes approximately 15 minutes. Help yourself to coffee and snacks in our comfortable waiting area, or speak with a Client Advisor regarding a new lease or purchase.
Can I return my lease to BMW of North Haven if it was purchased at another dealership?
Of Course! BMW of North Haven will happily accept lease returns, regardless of where your vehicle was purchased.
What happens if I go over my mileage?
If the vehicle mileage exceeds the agreed-upon mileage at the end of your lease term, a charge of $0.20 per mile charge per overage mile will be applied by BMW Financial Services. However, if you choose to lease or finance a new vehicle through BMWFS, the charge is only $0.16 per mile.*
If you have any questions about the BMW lease end options, be sure to get in touch with the experts at BMW of North Haven. We will be more than happy to answer any questions that you may have.
*Certain terms and Conditions may apply. Contact BMW of North Haven for more details.
BMW of North Haven is located at:610 Washington Avenue • North Haven, CT 06473