How does leasing a car work in Calgary? In the following guide, the Capital Chevrolet Buick GMC finance centre staff discusses everything you need to know to get started. We explore what to expect, what you’ll need to take care of during your lease, and how to prepare for the end of your leasing contract. You’ll learn how to lease a car and explore why leasing a new vehicle can be the best option.

Getting Started: How Does Leasing a Car Work?

How does leasing a car work? This is the guide for you. When you’re leasing a vehicle, it means you’re paying for using the model for a predetermined period.  

Your leasing costs are primarily based on your vehicle’s expected depreciation over those months, with additional fees and interest charges built into your contract. So, how does leasing a car work? Here’s what you should keep in mind:

• All Leases Have Set Kilometrage Limits: Going over this limit while driving around Okotoks, will lead to additional charges. Calculate the typical kilometrage amounts you’ll drive regularly to determine how much leftover space you have.
• Leasing is Less Expansive Than Financing: While leasing is more cost-effective, you should also explore our available offers and incentives before signing on the dotted line.
• You Are Responsible For Scheduled Maintenance: Beyond staying within your kilometrage limit around the Airdrie area, you want to keep your vehicle as close to factory condition as possible. Our service centre can help complete any necessary maintenance.

What to Do at the End of Your Lease

Now that you know how to lease a car, you might wonder what happens when your lease concludes. As your lease ends, contact Capital Chevrolet Buick GMC and find out what you’ll need to bring to our lease return centre near Strathmore. Doing this in advance is a good idea since you’ll need to schedule a pre-inspection before you turn in the vehicle. When your lease ends, you have the following options to consider: 

• Return your leased car and pick out a new vehicle
• Extend your current lease
• Buy the vehicle you’ve been leasing
• Return your model and take your next steps elsewhere 

If you plan to return your vehicle and lease a newer model, let us know so we can have your next option available when you return your current vehicle. You will also need to take the following steps:

1. Address any issues discovered during your pre-inspection, or risk charges from wear and tear. You also need to certify your vehicle’s current kilometrage. 
2. Clean your vehicle and wipe any information from the car’s infotainment and entertainment systems.
3. Bring your lease paperwork, alongside records showing when and where you scheduled service.
4. Pay any remaining fees and begin your new adventure. A bill may take some time to arrive, but it’s best to save during your lease to be ready for surprises.

Lease a Car Today at Capital Chevrolet Buick GMC

How does leasing a car work at Capital Chevrolet Buick GMC? a great idea to meet with our Calgary finance team and explore your options. After exploring our new inventory, use our payment calculator to determine how your budget will factor into your next model. 

You can also reduce what you’ll owe on your next vehicle by trading in your current vehicle at our dealership. Explore all your car leasing options around Okotoks with Capital Chevrolet Buick GMC!