Your new BMW lease, like all good things, eventually will come to an end. While you've enjoyed your time at the wheel, short term lengths often require you to move on two to three years from the date you started the lease. However, there's no reason the lease-end process should require you to panic and feel obligated to choose something that doesn't fit you perfectly.
The lease-end team here at Winslow BMW of Colorado Springs wants to guide you through the process of ending your lease and what you should do before you decide on the next course of action. With several options on what to do and a process to follow before you even turn your lease in, it can be confusing but not when you work with us! Let us show you how simple it can be to find a solution that works best for your needs and budget!
What Do You Need to Do Before Turning Your Lease In?
Before you even bring your lease to Winslow BMW of Colorado Springs, there are a few steps you'll need to navigate. These steps make you aware of any necessary charges and repairs that you'll need to make.
- Schedule a Pre-Inspection: BMW Financial Services will help you out with this step! They'll reach out to you to plan your pre-inspection - you can also schedule a complimentary pre-inspection yourself by contacting our dealership! The inspector will inspect your vehicle to determine if any excess wear exists and to provide a total of charges that will need to be paid before lease-end.
- Access the Results: The results of your pre-inspection are available online -sign in to My BMW to access your Vehicle Return Estimate. You'll find a concise breakdown of your estimated charges, including any recommended repairs and estimates of remaining payments. You can also find out if you have any mileage overages and learn how to purchase additional miles at a discounted rate.
- Make Necessary Repairs: If you need to make repairs, schedule a service appointment at our dealership! We'll take care of the work to the highest standards and only use genuine BMW parts to ensure a high-quality repair. You can avoid extra charges by working with a BMW-certified service center.
- Return Your BMW: Contact us to schedule your final inspection and vehicle return. You'll need to sign a Federal Odometer Statement to confirm the vehicle's return at this time. With the pre-inspection already taken care of, you'll be on your way quickly!
- Access Your Vehicle Return Statement: You can view your balance due or refund in process by accessing your Vehicle Return Statement in My BMW after you've returned your vehicle. It's that easy!
Lease Return Options
When you work with the team at Winslow BMW of Colorado Springs, you'll get three options when you return your lease. These options include:
- Choose a New BMW: Ready to move on to the next greatest BMW car or SAV? We can help you out! We offer a diverse selection of the newest BMW models, each with numerous features that enhance and add to your commute. Whether you lease or decide to buy your new model, we'll help you craft a payment plan that works for you.
- Purchase Your Current Lease: Not interested in moving on from your current lease? You won't have to! Our finance team can help you customize your payments to pay off the remaining balance, allowing you to own your current lease outright!
- Return Your BMW: Not ready to choose your next vehicle? That's okay! You can return your lease at the end of the agreement and move on without choosing another option - you aren't obligated to buy or lease when you return the vehicle at Winslow BMW of Colorado Springs!
- Extend Your Lease: BMW Lease customers may be eligible to complete a 1-2 month lease extension directly on My Account by visiting MyBMW.com or contacting a Lease Loyalty Advocate with BMW Financial Services at (800) 959-4269.
Can I Return My Lease Early?
You can! We'll need to make sure that there are no excess wear charges that need to be paid, and we'll have to make sure you don't have any mileage overages, but our team can work with you to help you end your lease early and put you into the driver's seat of the latest model in that lineup! Our job is to help you find something that works best for you!
Ready to get the ball rolling? Reach out to the lease-end team at Winslow BMW of Colorado Springs and see how easy we make the lease-end process!
