chevrolet tahoe suv driving down the road

Chevrolet Lease Returns

If you’re coming up on the end of your lease contract, you must decide what you’d like to do next. Chevrolet of Palatine offers options to help you get exactly what you’re looking for after your lease maturity date. You can choose between leasing another Chevrolet, buying the Chevrolet you’ve been leasing, or returning your leased Chevrolet. If you have any questions, contact Chevrolet of Palatine’s Finance Team. Our qualified team is eager to guide you through the next steps of the leasing process. 

Lease Again, Buy, or Return

Before your lease maturity date, it is important that you begin the lease-end process. Around 6 months before your lease maturity date you should review the following options:

Find a New Vehicle to Lease

Are you looking for something new? Leasing a new Chevrolet model is easy! At the end of your lease, you can explore new Chevrolet models and begin a new lease cycle with a new vehicle. If you choose to lease a new Chevrolet, follow the steps below:

  • Schedule a turn-in appointment.
  • Return your vehicle at the appointed time.
  • Pay any remaining amounts owed under your lease.

Buy Your Leased Chevrolet

If you don’t want to say goodbye to your leased Chevrolet just yet, you can purchase it! Purchasing the Chevrolet that you’ve been leasing allows you to get an affordable price on the vehicle you’ve been leasing. If you’d like to purchase your leased Chevrolet, follow the steps below:

  • Message GM Financial in MyAccount or the GM Financial Mobile app, text LEASEEND to 53721, or call 1-800-284-2271 for your lease purchase option price.
  • Stop by Chevrolet of Palatine to discuss the next steps.

Return Your Vehicle

If you don’t yet want to commit to leasing a new vehicle, or purchasing your leased vehicle, you can easily return your leased Chevrolet. Follow the steps below to return your vehicle at Chevrolet of Palatine:

  • Schedule a pre-return inspection to address any repairs that may need to be made before returning your vehicle.
  • Schedule a return date at Chevrolet of Palatine.
  • Keep an eye out for a lease-end liability notice 60-90 days after you return your vehicle, this will include any remaining balance on the account.

Leasing

A great benefit of leasing Chevrolet’s is being able to have a new vehicle more often. When you purchase a new vehicle, you would likely be in a 4-7 year contract. However, lease contracts last 2-3 years. When you lease a vehicle you can get the latest performance features, safety and entertainment technology, and amenities, more often. Most leasing customers will pay less upfront and have lower monthly payments than if they were to purchase a vehicle. Though you can lease a new vehicle every 2-3 years, you still have the option to purchase your lease vehicle at the end of the lease contract. More benefits of leasing include:

  • Less affect from depreciation
  • Lower down payment, and monthly payments
  • The option to drive a new car every 2 to 3 years
  • Factory warranty to cover major repairs 

Buying

If you like making alterations to your vehicle, and adding personalized cosmetic features, buying a vehicle may be the best option for you. It is always best to look through your contract before making any modifications to your Chevrolet, but GM Financial has financing options that offer complete ownership. If you choose to purchase a new Chevrolet, the benefits will include:

  • No mileage driving limits
  • Less concern about wear and use
  • The ability to build equity and sell at any time
  • No payments past the financing contract

Chevrolet Optional Extended Limited Warranty

At the time of a new vehicle purchase, you can choose an Extended Limited Warranty. When you choose the Extended Limited Warranty, your coverage lasts for 5 years/60,000 miles, whichever comes first. This warranty has no deductible and the same coverage as the standard-term Bumper-to-Bumper Limited Warranty. Chevrolet’s Extended Limited Warranty is only available at the time of the vehicle purchase. 

FAQs

  • Turn in your vehicle and purchase or lease a new Chevrolet
  • Purchase the vehicle you're currently driving
  • Return your vehicle to your Chevrolet dealership

This is the date when your lease agreement ends and your vehicle should be returned to a Chevrolet dealer (unless you choose the option to purchase your leased vehicle).

Your leased vehicle should be turned in at your originating Chevrolet dealer by your scheduled lease maturity date. If you've moved since you began your lease, use our easy dealer locator to find a participating dealer near you. We recommend contacting the dealer to schedule your lease turn-in appointment approximately 30 days before your lease maturity date.

You may return your vehicle before your lease maturity date; however, early termination fees may apply. For more info about turning in your lease early, refer to your lease agreement, or contact GM Financial. You may also reach out to Chevrolet of Palatine to get answers to any questions you have about your options.

Although we both hope you have no charges on your lease-end, but it’s possible these charges may be incurred, if applicable:

  1. Excess wear and use
  2. Excess mileage
  3. Disposition fee
  4. Any past due and unpaid monthly payments
  5. Any other miscellaneous charges (e.g., unpaid late payment fees, taxes, tolls)
  6. Any other charges due under the terms of your lease agreement if your lease was terminated early

Purchasing your leased Chevrolet is easy, you can log into your GM Financial account online, to get a payoff quote. After that, we recommend that you come into Chevrolet of Palatine to discuss purchasing and financing options.

At the end of your lease, schedule an appointment to return your leased Chevrolet to Chevrolet of Palatine, and our team will work with you to find your next Chevrolet.

Chevrolet Of Palatine is located at: 151 E Lake Cook Rd • Palatine, IL 60074
Search
Contact

Contact Us

Main 847-496-0597 Sales 847-496-0597
151 E Lake Cook Rd
Palatine, IL 60074
Glovebox
AudioEye
Search
Contact Us

Contact Us

Main 847-496-0597 Sales 847-496-0597
151 E Lake Cook Rd
Palatine, IL 60074
Glovebox
AudioEye
Chevrolet Of Palatine 42.15284, -88.03964.