To avoid some of the unexpected costly fees associated with the end of lease take a real good look at the lease agreement prior to signing it. Find out what happens to your security deposit once the lease is ended. It might say it is refundable, but does it also say it will be applied to any extra charges incurred in connection with the lease.
Is there a disposition fee? This is a fee that is charged if the consumer decides against purchasing the vehicle at the end of the lease agreement. This is basically a fee that is charged to the consumer in order to restock or dispose of the vehicle. Some of the charges linked with this are reconditioning charges and transportation charges in order to resell the vehicle. All of the fees that will be charged at the end of the lease should be clearly stated in the agreement itself, if not find out what they are before signing anything.
There are also the extra miles that get racked up pretty quickly. Be sure that you are clear on the exact amount per mile over the allotted miles you will be charged when the lease is over. This should also be clearly stated on the paperwork before you sign it.
The dealership can also charge for excessive wear and tear done to the vehicle. Basically, there is not a set way of determining the way a dealership can decide on the amount of wear and tear is acceptable or not.
Take good care of the vehicle at all times and promptly get anything fixed that could end up costing more by having the dealership take care of it at the end of lease.
