Can You Extend Your Car Lease?
Can You Extend Your Car Lease?

Can You Extend Your Car Lease?

Some financial organizations and auto manufacturers’ funds’ units can allow an auto lease extension only when it has passed the expected date of expiration, it can be extended for several months, (not less than 12 months) or they can make it done in consecutive months to the maximum stipend is reached, it all depends on how you take it as a good suggestion or if the situation makes you decide on what works for you.

The process of getting your car lease extended is not hard and have many options to choose from, asking for a request for the extension from a lender, is one of the options you can use but first ensure that you know the way the lender does the job, the process it entails and the terms and conditions that are attached to it; because some of the car leases can come with an extension and some don’t. Another way to get an extension is from an auto funding unit, credit union, or a bank can also achieve that car lease extension but still check the terms and the policies before you engage in applying for the car lease in their institution, that is if they will allow an extension on the car lease, if they will send you to a peddler, or if they are any additional fees that have to be paid. Some may be easier than the rest, while some may be done in a very different way than others, and some may make you sign some documents before you get an extension on the car lease.

You can only get an extension when you have done and filled all the requirements that the lender, bank, or credit union has brought forth, making sure that you are still in alignment with the primary contract and have made the necessary payments that should be done. But it is also in the lender’s goal to make an easy put-off of some consumer leases that end in a short period to make a refreshing lease.

There are some advantages and disadvantages of the car lease extension, it is nice to know what the extension of a car lease is all about.

CAR LEASE EXTENSION ADVANTAGES.

The advantages of a car lease extension will very be beneficial, but it depends on what kind of situation you are in:

  1. The fees and costs may not be present for the car extension.
  2. If you are planning on getting on new automobile in a few months, the extension will be more beneficial to you, so that you can get more time so that you can make shortage on supply.
  3. It can be an excuse to see if there are any better car lease deals better than your present one so that you can make that car lease deal at the end of the year.
  4. It can give you more time to save money for making payments or paying for the cost of a new car or car lease or can give you more time to think if you want a new car lease or a new car.

CAR LEASE EXTENSION DISADVANTAGES.

There are still some things to be concerned about while getting a car lease:

  1. There may be a car lease extension extra payment that you have not planned on.
  2. Most lenders don’t reset the value of the residual contract even as the car’s value is still depreciating. If you, later, buy the car, the deal won’t be beneficial to you to the fact that you will make money go down the drain as you get a new car lease.
  3. Ensure that the car lease deal you are getting has a car warranty that is effective in the length of the extension you are getting it.

Car Leases in NJ & NY Done Right

How does a lease work? If you have more questions, we are here to help!

The Vantage Auto Group provides reliable car leasing options in both New Jersey and New York. On our website (https://www.thevantagegroupauto.com/), you can access an entire inventory of marked down vehicles that fit your lifestyle and your budget.

We also provide a selection of luxury cars at rock-bottom prices. These typically come from unions and corporations that can offer larger discounts. Our professional staff is ready to help find a vehicle to fit your tight budget or find financing solutions that fit your poor credit score. Give us a call at (844)-307-3885 to speak with a live agent, or feel free to email us with any questions.

At The Vantage Auto Group, we save you time, money and peace of mind when it come to Buying your New Car!

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

Get Started Today With Your Personalized Car Quote from Vantage Auto Group!

Good credit, Bad Credit, or looking to get an approval, CONTACT US Today!  We work directly with multiple lenders to find the lowest possible lease rate on a new car lease. Come banks will even help us offer short term lease as short as 12 months if not ready to commit to a 2 or 3 year lease. We can even help you get out of your current car with our swapalease lease transfer program. when using our swapalease program, you will no longer be responsible for your current car.

Price Reflects TIER 1 Credit Approval. Prices are for new lease vehicles only. Images are for Display purposes only. Price Excludes local taxes, acquisition fee & DMV/title. Pricing, lease term, and miles per year may vary. All Incentives are Applied For Qualified Customers including Loyalty Rebate, Conquest Rebate, VPP Rebates, College Graduation Rebates, and Regional Rebates.

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

At Vantage Auto Group, we save you time, money and peace of mind! No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps. With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle.
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