The average lease period is 36 months. When the lease comes to an end, most people return the car and begin a new lease on a new car. However, what if you want to hold onto the car for just a few additional weeks or months? Here is how a Kia lease works when it comes to extensions.
What Happens After the Lease Period Ends?
A few days before the lease period ends, you’ll receive a reminder with an appointment to bring your leased vehicle to the dealership for an inspection. After you turn in your vehicle, your options include:
- Walking away without taking any additional action
- Starting a new lease with a new vehicle
- Purchasing the leased vehicle
- Re-leasing the vehicle
- Requesting a lease extension
Lease Extension Vs. Re-Leasing
A lease extension should not be confused with re-leasing. With the latter, you start a new lease contract, complete with new terms and conditions under the same vehicle. A lease extension, as implied, is an extension of the current lease contract, usually just for several weeks or months.
A lease extension is often requested when you need the vehicle for just a while longer, or if you need more time to contemplate what to do next regarding your automotive needs.
Are Lease Extensions Possible?
If you need to extend your lease for any reason, simply let us know before the lease expiration date. Extension fees and mileage limits vary based on the model and provision of your lease agreement. Speak with one of our dealers for more information.
Start 2022 by leasing a new vehicle, perhaps the Kia Carnival or Kia Forte. We are also happy to work with you if you need to extend your current lease.
Leave a Reply
You must be logged in to post a comment.