Your End-of-Lease Options
What to know when returning your leased vehicle
It's time to let go
We know you're excited to get behind the wheel of your next vehicle, so we've streamlined the lease-end process.
To minimize surprises, we'll help you estimate mileage overages, excess wear charges and any remaining amounts you owe before you visit the dealership. Keep in mind that you may owe early termination charges if you decide to return your vehicle early.
This checklist will give you an overview of the process so you can get started.
Other Lease-End Options
If you want to buy your vehicle instead of returning it, this quick guide will walk you through the steps.
If you need more time before returning your vehicle, you can send us a secure message from Ally Auto Online Services or call us at 1-888-925-2559 to discuss your options.
On the road again
Everyone loves a scenic drive once in a while, but if you've driven more than the allowed mileage in your lease agreement, we may charge you for the excess. To calculate your excess miles, subtract the total allowed mileage (including any miles you purchased) from the actual mileage on your odometer.
Here's how to calculate the potential charge:
If you took a few cross-country roadtrips during your lease, you may want to consider Keeping your vehicle .
Skip the surprise
During the course of your lease, your vehicle will begin to show signs of normal wear, such as reduced tire tread depth. Your vehicle's condition may result in potential excess wear charges or charges for missing parts you may owe when you return your vehicle.
You can evaluate your vehicle for excess wear by using our Wear Square as well as reviewing the information below or the Dings and Dents table (PDF 2 MB). You can also view our video to learn more about excess wear.
The Wear Square
We'll mail you a Wear Square as you near the end of your contract. You can also print your own Wear Square (PDF).
What to Know About Excess Wear
Just a quick checkup
Either the dealership or a third-party inspection company we hire will inspect your vehicle for excess mileage and wear, typically within 5 days of returning your vehicle. View a sample inspection report.
- You can view your vehicle's inspection report
- You can also pay for an independent inspection – see your lease agreement for details
- You'll receive a letter detailing what you may owe for excess wear and mileage, as well as any late charges and past-due amounts
Your next vehicle
Cruise on to your next car or truck
Once you've picked out your next vehicle, we can help you decide whether to lease again or choose a different financing option if your circumstances have changed. Now is a great time to consider one of our other vehicle financing options and enjoy the new car smell.
Customize your ride and drive as much as you want with a new or used vehicle.
Get a newer vehicle more often with fewer maintenance concerns.
Keep your options open. Turn-in or sell your vehicle at a pre-determined date and price.
Low monthly payments with a larger balloon payment at contract end.