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At the end of your car lease, you generally have three options for disposing of the vehicle. Firstly, you can return the car to the dealer, dropping off the keys, if you are under the maximum mileage and there’s no significant wear and tear. However, this may mean missing out on potential equity. Secondly, you can trade in the leased vehicle for a new one. It's important to be cautious during this process to ensure you’re not losing value. Lastly, if you're interested, you might have the option to purchase the vehicle at its residual value, which can be advantageous if the market value is higher. Each lease contract may vary, so it's essential to review yours closely.
