Hyundai End of Lease Options

Important Lease-End / Lease Renewal Information:

At the normal end of a lease, you have the following options:

  • Re-lease a NEW Hyundai vehicle (View Current Lease Specials)
  • Purchase your current Hyundai lease vehicle
  • Trade your current Hyundai for another NEW Hyundai model
  • Return your vehicle to MetroWest Hyundai & be on your way!

Be careful of your lease-end decision:

Don't make a quick decision as to which lease-end option you'll take. For example, if you simply return your vehicle to Hyundai without doing your homework, you may be handing the built-in value that belongs to you. (The market value is often higher than the end of lease value stated on your contract.)

  • What if you have exceeded your mileage limits or have some minor damage to your vehicle?
  • Is it best to return or to purchase?
  • When is it advisable to use your leased vehicle as a trade-in?
  • If you trade, do you still have to pay for excess mileage and wear-and-tear?
  • Does purchasing a NEW Hyundai void paying mileage and damage fees?

Answering the above questions and deciding what to do requires a little homework, careful consideration of all your options, presented by a qualified lease professional. Remember, it's just as important to make the right decisions at the end of a lease as it was at the beginning. Each situation is different and must be examined on its own merits. There is no standard answer that fits every case.

We can offer expert advice to help you in the right decision that fits your situation.

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MetroWest Hyundai

520 Worcester Rd., Framingham, MA 01702

Sales 774-217-5295

Service 774-217-5297

End of Lease Options

LEASE

1) Lease a comparable vehicle or new model

The Hyundai vehicle lineup has never been stronger with new models that offer outstanding lease values. Special Offers for current Hyundai owners towards the lease of any new model may be available. To qualify, you must provide current registration of any Hyundai vehicle that you own or lease. (You do not need to trade the vehicle.) Hyundai Financial Services may have pre-approved you for a NEW Hyundai lease or retail Financial Services. You may qualify for waiver of security deposit & up to $500 of excess wear & tear/excess mileage charge on your current lease.

Click to get Pre-ApprovedCheck Current Specials

TRADE

2) Trade your lease vehicle

Use the built-in value of your current lease vehicle as a trade for a new Hyundai model. Trading eliminates the mandatory lease-end inspection and excess mileage/wear and tear expenses. Special Offers for current Hyundai owners towards the lease of a new model may be available. To qualify, you must provide current registration of the Hyundai vehicle that you intend to trade. We have an online appraisal page to give you an estimate of trade value.

Buy your current vehicle

  • If you simply can't bear to part with your Hyundai vehicle at the end of the lease term, you can exercise your purchase option and buy the vehicle AS-IS from MetroWest Hyundai.
  • You pay the guaranteed future value as listed on your vehicle lease contract plus a small purchase option fee, sales tax & a tag/title transfer.
  • We may be able to assist you in financing.
  • Lease-end Special Offers may be available from Hyundai Finance.
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RETURN

3) Return your vehicle

If you decide to return your vehicle at the end of your lease, please review your lease agreement carefully. Make sure you understand your contractual obligations. A certified inspection company will provide you with an assessment of excessive vehicle wear & tear, if any. Contact the Hyundai Lease Customer Support at 855-463-5378 to schedule a complimentary, but required vehicle inspection. You may always contact our dealership directly as well with any lease related questions.

Upon return of your vehicle, you'll be responsible for the following:

  • Excess mileage charges maximum mileage is listed on your lease agreement
  • Any official fees and state taxes due
  • Any outstanding payments
  • Excess wear and use charges - if your vehicle has sustained damage that is not a result of normal wear and use Registration fees
  • All keys & remotes, spare tire, navigation disc, etc.

The return process

If you decide to return your vehicle, drop off at MetroWest Hyundai regardless of the original selling dealer, NO appointment is necessary

  • Monday thru Friday 9:00am to 8:00pm
  • Please remove all personal belongings and have the vehicle cleaned inside and out.
  • Your tag will be removed at the lease grounding.
  • Remember, you will need to coordinate a ride to home or work from MetroWest Hyundai.
  • A final bill stating that money owed will be mailed to you from Hyundai Finance.
  • A Return survey and Odometer Disclosure Statement (as required by federal law) will be generated at MetroWest Hyundai.

Early termination or other questions concerning your current lease, call Hyundai Finance quick information line 800-523-4030

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