When it comes time to return your Hyundai lease, you\u2019ll need to perform a wear and tear self-assessment and make an appointment with your Hyundai dealer. Once there, you can either trade keys for a new lease, hand over your keys for good, or buy out your lease.<\/p>\n\n\n\n
So you\u2019ve been driving that leased Palisade or Sonata around for a few years and it\u2019s nearing the end of your lease term. You\u2019ve enjoyed the freedom of owning a Hyundai without the commitment of buying one, but what do you do now?<\/p>\n\n\n\n
Returning a lease requires a few important steps to avoid fees or complications. That\u2019s why Jerry<\/a>, the trustworthy insurance comparison app known to save drivers money on car insurance<\/a>, has put together a guide.<\/p>\n\n\n\n From your lease return options to some frequently asked questions, here\u2019s everything you should know about returning your leased Hyundai, plus how to find low Hyundai car insurance costs for your next car.<\/p>\n\n\n\n As your Hyundai lease comes to a close, you\u2019ll have three basic options:<\/p>\n\n\n\n We\u2019ve already outlined how a Hyundai lease buyout works<\/a>, so let\u2019s take a look at those other options.<\/p>\n\n\n\n Your Hyundai lease contract is coming to a close, but you\u2019re not quite ready to purchase or lease another vehicle from Hyundai. No worries! You\u2019re totally within your right to turn in a lease and walk away. Luckily, Hyundai makes this lease return process even easier by mailing a Lease-End Kit<\/a> to you four months before your contract ends.<\/p>\n\n\n\n The Lease-End Kit explains the process, which generally follows this timeline:<\/p>\n\n\n\n When you return a Hyundai lease without trading in, you\u2019re responsible for the following lease-end fees, which will be applied to your End-Of-Term Invoice:<\/p>\n\n\n\n If you scheduled repairs for your Hyundai lease ahead of your Turn-In, you can escape paying wear and use fees. Just note these repairs must use OEM parts and follow industry standards. Contact your Lease-End Advisor for any questions or concerns regarding your lease\u2019s repairs.<\/p>\n\n\n\n With these steps completed, your Hyundai lease is officially turned in and you can either look into new makes or enjoy your driving retirement.<\/p>\n\n\n\n Learn more:<\/strong> How to calculate a car lease payment<\/a><\/p>\n\n\n\n Let\u2019s say you\u2019re not ready to let go of Hyundai just yet and you\u2019d like to try leasing out another vehicle. For you, the lease-end process will start about six months before your lease is up. This is to give you plenty of time to explore new Hyundai models and trims and research lease deals and offers.<\/p>\n\n\n\n Once you\u2019ve decided on the Hyundai you\u2019re interested in, it\u2019s always a good idea to test drive the vehicle at your dealer. From there, your lease-end return will look pretty much the same as previously described: perform a wear and tear self-assessment (or schedule a free inspection), schedule a Turn-In appointment, and prepare your vehicle and paperwork.<\/p>\n\n\n\n However, this time when you contact your Lease-End Advisor two months out, you\u2019ll also want to discuss Hyundai Motor Finance loyalty benefits. Like many car companies, Hyundai rewards drivers who purchase or lease continuously. By trading in your Hyundai lease for another Hyundai lease, you could receive the following perks:<\/p>\n\n\n\n Hyundai\u2019s Motor Finance offerings vary by state and situation, so get in touch with your Lease-End Advisor to see how you might benefit from trading in your Hyundai lease.<\/p>\n\n\n\n While it\u2019s not normal practice to end your Hyundai lease early, life has some wild card situations that may make an early return necessary\u2014like moving to a subway-dependent area (like Manhattan) or experiencing a death or medical emergency.<\/p>\n\n\n\n Returning your Hyundai lease early is possible, but it\u2019ll cost you. To prevent drivers from using leases as a means of trying on and returning cars like clothes, ending leases early comes with steep termination charges. On top of these early termination fees, you will also be responsible for paying the outstanding balance on the lease even though you won\u2019t be using the vehicle anymore.<\/p>\n\n\n\n Because early termination is an unusual circumstance, it\u2019s a good call to contact Hyundai Motor Finance to negotiate your specific options. Just be aware that you already signed a contract stipulating these early termination fees and charges, so getting out of these costs is extremely unlikely.<\/p>\n\n\n\n That said, if you\u2019re ending your lease early for financial reasons, you may want to consider instead a car lease swap, where you transfer your current lease to another lessee. This will also require negotiating with Hyundai Motor Finance, and you will want to make sure the potential new lessee has an income and credit score better than your own.<\/p>\n\n\n\n Learn more:<\/strong> Is it better to lease or buy a car?<\/a><\/p>\n\n\n\n While returning your Hyundai lease is fairly simple, finding affordable car insurance to cover your Hyundai often isn\u2019t. That\u2019s why Jerry <\/a>created a comparison app to do all the finding for you.<\/p>\n\n\n\n Here\u2019s how it works: download Jerry (for free!), input some basic information, and in less than a minute you\u2019ll have access to the lowest car insurance<\/a> rates available to you from over 55 top insurers. Once you decide on a plan, just select it through the app, and Jerry\u2019s expert brokers will help handle the transition calls and paperwork, including canceling your old policy.<\/p>\n\n\n\n The average user ends up saving more than $800 a year on car insurance, so it\u2019s definitely worth a look to protect your Hyundai lease without breaking the bank.<\/p>\n\n\n\nHow a Hyundai lease return works<\/h2>\n\n\n\n
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Return your leased Hyundai and walk away<\/h3>\n\n\n\n
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\n\n\n\nLease a new Hyundai<\/h3>\n\n\n\n
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If you want to return a Hyundai lease early<\/h3>\n\n\n\n
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\n\n\n\nHow to find the best Hyundai insurance<\/h2>\n\n\n\n