When your Infiniti lease comes to an end, you’ll have to schedule a vehicle inspection, complete any necessary repairs, and make an appointment to return your vehicle. At that point, you can walk away, lease another Infiniti, or purchase your leased vehicle.
One of the biggest perks to leasing a car is that you get to drive the vehicle during its best years, then turn it in and repeat the process (if you so desire). However, returning a lease is more complex than just dropping off your car at the dealership. You’ll need to follow the appropriate steps to avoid extra fees.
Jerry
— the trustworthy super app
and the App Store’s favorite car insurance
resource — is here to help. Read on to learn how to return your Infiniti lease and what comes next.Plus, stick around till the end and learn tips on finding low Inifiniti car insurance costs
for your next Infiniti lease or purchase. How an Infiniti lease return works
When your Infiniti lease comes to an end, you can take one of three routes:
Return your Infiniti and look for another car elsewhere
Return the car and lease a new Infiniti from the same dealer
Buy out the lease to own the vehicle
If you want to return your leased Infiniti and walk away
Returning your leased Infiniti requires quite a few steps beginning at least two months before your lease termination date.
Two to three months out: Schedule a pre-return inspection
, which will check for excessive wear and tear
. View your inspection report and decide what repairs to make. Infiniti recommends talking to your car insurance agent or Infiniti dealer to find the best repair deals. A few weeks out: Make an appointment with your Infiniti retailer to return your vehicle.
On the day of your return appointment: You’ll have to complete a federal odometer statement, which is required to effectively terminate your account. Request a copy of this document (and all other documents), as this serves as your receipt for the return.
After your return your Infiniti: Be sure to cancel any automatic payments you may have set up to avoid being charged after you’ve returned your car. You’ll also need to pay any post-return charges, including the disposition fee of $395. Other fees could also include property tax, parking tickets, or toll violations incurred during your lease.
If you don’t lease another Infiniti, you may need to pay the following additional charges:
Any lease payments on your accounts
Post-return charges, like wear-and-tear fees or exceeding your mileage limit
Infiniti’s $395 disposition fee
After you’ve paid these off, you’re free to move on! This is the best route if you’re looking into leasing a different make or you’d rather buy a car
instead of leasing again. If you want to lease a new Infiniti
If a new Infiniti model just dropped and your lease is coming to an end, you can start checking out new lease offers about six months before your lease expires. This is the best way to find a deal on an upgraded Infiniti model.
The process to lease a new Infiniti is mostly the same as the above steps. You still have to schedule an Infiniti lease return inspection and return appointment. You’ll also have to pay for repairs, complete a federal odometer statement, and pay any outstanding charges.
That being said, leasing (or buying) a new Infiniti comes with a few perks, like waived fees. Infiniti offers a loyalty waiver, which will apply before and up to 90 days after your lease ends. This offer will waive up to $500 in excess wear and use, as well as the $395 disposition fee if you lease or finance another Infiniti vehicle.
If you want to return an Infiniti lease early
Under ideal circumstances, you won’t return your leased Infiniti until your lease expires. However, life happens and you may need to return your car earlier than you expected or agreed. Maybe you found a sweet deal on another car, or your finances no longer support a luxury car lease.
Regardless of your circumstance, you might be able to return your leased Infiniti early — but it won’t be cheap. While an early lease termination means you return the vehicle and will no longer make payments, it also means expensive termination fees and other extra charges.
Depending on your specific lease terms, if you default on your Infiniti lease or return your car early, you could be responsible for the following:
All remaining monthly payments
Any other fees required to prepare the vehicle for resale
Negative equity in the vehicle (the difference between the car’s current value and the amount of the lease)
If these fees end up being more of a burden than a relief, you might be able to do a lease swap
—transfer one lease to another lessee. This isn’t a standard option or offered through Infiniti directly, so you’ll need to coordinate with Infiniti Financial Services. Before handing off your lease, however, you’ll want to make sure the new lessee has an income and credit score equal to or better than your own.
If you want to buy your leased Infiniti
If your lease is coming to an end and you can’t stand the thought of parting ways with your Infiniti, you have the option of purchasing the car. While the exact process will depend on the state you live in, you may have to buy the car through your dealer or a local financial institution.
To buy your Infiniti, you’ll typically just pay the purchase price originally outlined in your lease agreement — in addition to a few more charges, like sales tax, registration fees, and a purchase option fee of $300. Buying the car will also waive any excess wear-and-tear fees or excess mileage charges.
How to find the best Infiniti insurance
Returning your leased Infiniti is typically pretty straightforward. Finding car insurance
, on the other hand, isn’t always so easy. Luckily, Jerry
can help you out. As a licensed insurance broker, Jerry scans quotes from over 50 top companies to bring you customized coverage options in just 45 seconds. Whether you need better-priced coverage or a more robust plan, Jerry’s got you covered.
“WOW. Jerry
has been so easy to use. I called a representative when I wanted some clarification, and they walked me through the entire process of finding a new rate for full coverage on my luxury vehicle.” —Beth G.