Reed Nissan
3776 West Colonial Drive Orlando, FL 32808Sales: (888) 208-3835 ext 1
- Service: (407) 297-7333 ext 2
- Parts: (407) 297-7333 ext 3
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Lease Returns at Reed Nissan
Ask About Our Lease Loyalty Program at Reed Nissan.
Frequently Asked Questions About the Lease Return Process
If you need a FREE Inspection please call us at 800.253.9026 for an appointment. We will come to YOU!
You can also directly contact Dwayne Loy (ext 109) or
Antonio Soriano (ext 140 - Se Habla Espanol) for an appointment.
You can also directly contact Dwayne Loy (ext 109) or
Q: What does the lease return process entail?
A: Although many Leases differ from Lender to Lender, a basic lease return will consist of a simple visual inspection of the vehicle, taking record of the current mileage on the vehicle, and signing a receipt acknowledging that the vehicle was returned. If your bank has other requirements that you were made aware of, or you had recently had the vehicle inspected by your bank, please bring that information with you as it will be helpful in the proper termination of your lease.
Q: What if I am over on the mileage allowed on my lease and/or there is damage or excessive wear and tear to the vehicle?
A: Your mileage allowance and applicable penalty was predetermined at the inception of your lease. Typically, lenders charge between $0.15 to $0.25 per mile over your allowance, although this amount varies. Wear and tear is generally determined to be "excessive" if there is damage to the car beyond a reasonable expectation for the length of time you had the vehicle. This, too, varies from lender to lender but can usually be defined once the lender has inspected your vehicle. Most lenders will bill you for the mileage penalty and excess wear and tear after the vehicle has been picked up from the dealership.
*NMAC will "forgive" up to $500 in wear and tear if you purchase or lease a new Nissan.
Q: Are there any other "turn in" or "disposition" fees that I should be aware of?
A: These fees, commonly known as "disposition fees" are predetermined at the inception of your lease. Please refer to your original lease contract to determine if such a fee is applicable. Many lenders charge between $395 and $800 for the final disposition of a lease.
Q: When do I get my security deposit back?
A: If your lease required a security deposit, this money will be sent to you, less any mileage and/or wear and tear penalties. Please refer to your original lease contract to determine if a security deposit was made.
Q: What should I bring with me to the dealership when I terminate my leased vehicle?
A: Although many Leases differ from Lender to Lender, a basic lease return will consist of a simple visual inspection of the vehicle, taking record of the current mileage on the vehicle, and signing a receipt acknowledging that the vehicle was returned. If your bank has other requirements that you were made aware of, or you had recently had the vehicle inspected by your bank, please bring that information with you as it will be helpful in the proper termination of your lease.
Q: What if I am over on the mileage allowed on my lease and/or there is damage or excessive wear and tear to the vehicle?
A: Your mileage allowance and applicable penalty was predetermined at the inception of your lease. Typically, lenders charge between $0.15 to $0.25 per mile over your allowance, although this amount varies. Wear and tear is generally determined to be "excessive" if there is damage to the car beyond a reasonable expectation for the length of time you had the vehicle. This, too, varies from lender to lender but can usually be defined once the lender has inspected your vehicle. Most lenders will bill you for the mileage penalty and excess wear and tear after the vehicle has been picked up from the dealership.
*NMAC will "forgive" up to $500 in wear and tear if you purchase or lease a new Nissan.
Q: Are there any other "turn in" or "disposition" fees that I should be aware of?
A: These fees, commonly known as "disposition fees" are predetermined at the inception of your lease. Please refer to your original lease contract to determine if such a fee is applicable. Many lenders charge between $395 and $800 for the final disposition of a lease.
Q: When do I get my security deposit back?
A: If your lease required a security deposit, this money will be sent to you, less any mileage and/or wear and tear penalties. Please refer to your original lease contract to determine if a security deposit was made.
Q: What should I bring with me to the dealership when I terminate my leased vehicle?
A: Bringing your lease agreement, any recent inspection reports, spare keys,
vehicle manual and your maintenance records on the vehicle can be helpful in
expediting your lease return. Your lender may charge you for missing items such
as spare keys or other equipment that came with the vehicle.
Q. What if I would like to purchase my Lease Vehicle?
A: That is absolutely no problem. Many customers choose this option. We have many financing options available. Please contact us directly about Lease Buy Back Options. As a current NMAC lease holder you may be pre-approved to purchase a new or pre-owned Nissan vehicle.
Lease Return Contact Form
If your Lease Term is almost over and you are ready to learn more about the Lease Return Process, contact us today and we'll walk you through the process in no time.
Contact
Hours
- Monday: 9:00AM-9:00PM
- Tuesday: 9:00AM-9:00PM
- Wednesday: 9:00AM-9:00PM
- Thursday: 9:00AM-9:00PM
- Friday: 9:00AM-9:00PM
- Saturday: 9:00AM-9:00PM
- Sunday: 11:00AM-7:00PM
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Reed Nissan
3776 West Colonial Drive
Orlando,
FL
32808