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You have several options
at the end of your lease.
Tailored Leases
Most elements in a lease
can be structured and adjusted as needed. Interstate Auto Leasing will work
with you to create the lease that is right for your unique situation.
Purchase Option
Your agreement may
include the option to purchase your vehicle at the end of the lease. When
signing your contract, you will know the purchase price or the formula for
determining the price.
Right to Extend or Renew
The right to extend or
renew is an option that can either be negotiated up front or at the end of
the lease term. If negotiated up front, it can often reduce your lease
costs.
Right to Early
Termination
If you think you may
need to terminate your lease before its completion, ask about including such
a provision in the contract. Of course, there is a cost for this provision,
which will be specified in the "early termination clause."
Reassignments
The lease contract is
with you. Therefore, any financial responsibility resulting from
unauthorized third party reassignments is yours. If you think third party
reassignment is necessary, please work closely with us to structure the
terms to protect you from any undue financial obligations.
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