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There are many options for you when your Lease expires. The most
common choices are:
- Return the vehicle and select a brand new car or
truck at a similar payment.
- Re-Lease the remaining Lease balance for the same or lower payment until
it is paid in full.
- Pay-off the pre-determined remaining balance and "own it".
- Return the vehicle and "walk away".
If you choose to return and not Lease another
vehicle, you may be charged for abnormal wear on the vehicle. This is
normally limited to body damage, interior rips, tire wear and so forth.
Since Leasing and buying are very similar, it makes
sense that you stand to gain if you take care of your vehicle and lose if
you don't.
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