Can You Extend Your Car Lease?
Can You Extend Your Car Lease?

Can You Extend Your Car Lease?

July 29, 2022
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Some financial organizations and auto manufacturers’ funds’ units can allow an auto lease extension only when it has passed the expected date of expiration, it can be extended for several months, (not less than 12 months) or they can make it done in consecutive months to the maximum stipend is reached, it all depends on how you take it as a good suggestion or if the situation makes you decide on what works for you.

The process of getting your car lease extended is not hard and have many options to choose from, asking for a request for the extension from a lender, is one of the options you can use but first ensure that you know the way the lender does the job, the process it entails and the terms and conditions that are attached to it; because some of the car leases can come with an extension and some don’t. Another way to get an extension is from an auto funding unit, credit union, or a bank can also achieve that car lease extension but still check the terms and the policies before you engage in applying for the car lease in their institution, that is if they will allow an extension on the car lease, if they will send you to a peddler, or if they are any additional fees that have to be paid. Some may be easier than the rest, while some may be done in a very different way than others, and some may make you sign some documents before you get an extension on the car lease.

You can only get an extension when you have done and filled all the requirements that the lender, bank, or credit union has brought forth, making sure that you are still in alignment with the primary contract and have made the necessary payments that should be done. But it is also in the lender’s goal to make an easy put-off of some consumer leases that end in a short period to make a refreshing lease.

There are some advantages and disadvantages of the car lease extension, it is nice to know what the extension of a car lease is all about.

CAR LEASE EXTENSION ADVANTAGES.

The advantages of a car lease extension will very be beneficial, but it depends on what kind of situation you are in:

  1. The fees and costs may not be present for the car extension.
  2. If you are planning on getting on new automobile in a few months, the extension will be more beneficial to you, so that you can get more time so that you can make shortage on supply.
  3. It can be an excuse to see if there are any better car lease deals better than your present one so that you can make that car lease deal at the end of the year.
  4. It can give you more time to save money for making payments or paying for the cost of a new car or car lease or can give you more time to think if you want a new car lease or a new car.

CAR LEASE EXTENSION DISADVANTAGES.

There are still some things to be concerned about while getting a car lease:

  1. There may be a car lease extension extra payment that you have not planned on.
  2. Most lenders don’t reset the value of the residual contract even as the car’s value is still depreciating. If you, later, buy the car, the deal won’t be beneficial to you to the fact that you will make money go down the drain as you get a new car lease.
  3. Ensure that the car lease deal you are getting has a car warranty that is effective in the length of the extension you are getting it.

Signature Auto Group New York & Florida’s Trusted Car Leasing Company
As a company we learned a long time ago just how significant it is to have talented, loyal and motivated staff to serve our clients in every aspect; before, during and of course even after such an important vehicle purchase. Even though this will always be an ongoing process, this organization has been fortunate to have attracted and retain such extraordinary individuals at every single level in this company.

We are honored to serve all Signature Auto Group clients past, present and future clients in the major areas of the United States and around the rest of the world. Signature wants their customers to enjoy life to its fullest. We also have high standards that the staff agrees with and are committed to providing you with the service you deserve. The sales staff is extremely knowledgeable about our products and is there to get you the fantastic vehicle that you want and desire.

Brooklyn, NY’s Leading Car Leasing Dealer & Auto Leasing Broker in New York City

Come on in and check out our extensive inventory that includes all the latest makes and models of vehicles. It doesn’t matter whether you are wanting to purchase or lease; we have the perfect plan for you. And don’t forget to check out our specials, we are always having great lease specials on a lot of the new vehicles in stock.

SIGNATURE AUTO GROUP – BROOKLYN’S PREMIER AUTO LEASING COMPANY

For over two decades, Signature Auto Group has provided proficient lease services. We maintain high ratings on digital platforms such as Cars.com and DealerRater, praised for our excellent customer service and vehicle selection. Initially from the New York area, we have been accredited by both the BBB (Better Business Bureau) and the NYCC (New York Chamber of Commerce).

Now, Signature Auto Group is expanding our services across the New York City area, providing fantastic lease deals for Brooklyn and NYC Drivers. Choose from our wide range of vehicles and secure the necessary insurance and financing all in one place. Our centrally located office is found at 9265 4th Ave, Brooklyn, NY 11209.

If you are tired of the traditional dealership model, Signature Auto Group offers a digital forward experience. Through digital innovation, customers can complete the buying or leasing process from the comfort of their homes. Look through our extensive selection of vehicles, file the appropriate paperwork alongside our experienced representatives, and simply pick a delivery date. Signature Auto Group will deliver your new car delivered straight to your front door.

Reasons to Lease With Signature Auto Group

Signature Auto Group is recognized as the best car leasing company in Brooklyn, New York City, Queens, and surrounding areas. Here are just some of the reasons customers keep coming back to our services.

  • Price Match Guarantee. We work tirelessly to provide the best available prices. We will beat or match the price of any competition in the area. Additionally, we accept discounts provided by both unions and corporations.
  • Convenience. As a one-stop solution, we can provide insurance and financing services to make your purchase convenient.
  • Experience Staff. Our staff has over 60 years of experience in the automotive industry. As such, they can provide a wealth of knowledge and guide you through the buying process.
  • No Hidden Fees. Signature Auto Group prides itself is being upfront about our prices.
  • At-Home Delivery. Adding to our collection of convenience features, we offer the option of an online process, even delivering your new car to your home.
  • Flexible Leases. We offer the traditional 24 and 36-month lease duration. However, we also offer a large selection of lease transfer vehicles, allowing for even shorter lease durations.
  • Easy Financing. Signature Auto Group will use its extensive industry connections and knowledge to secure you a suitable and favorable loan, even if you have poor credit.
  • Great Selection. We are leasing all makes and models in Brooklyn, allowing for an unprecedented amount of vehicles to choose from.
  • Easy To Use Website. Many functions are found throughout our website. You can view our large selection of vehicles, submit information regarding a car you want to sell, contact our staff, and more!

Endless Inventory of the Best Car Leases in New York City

While some dealers are having trouble filling up their lots, we have an abundance of choices. Thanks to Signature Auto Group being the price destination for you to trade in or sell your car in Brooklyn, we are able to maintain a large selection of vehicles.

If your preferred vehicle is not found on our lot, we are also a premier auto broker in Brooklyn. Simply let our team know what car you are looking for, and we’ll start the search. Not only will we find you a car, but we’ll also negotiate on your behalf for the best price. It does not matter if you are pursuing a car for lease or purchasing a new or used car. We will make sure that you’ll be able to find your perfect vehicle.

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