2021 Kia Sorento Hero

Lease Return at Hyundai of Palatine

Discover all your lease return options with help from the finance team at Hyundai of Palatine. Our finance experts are here to guide you through your lease return and help you better understand all your lease return options. Contact Hyundai of Palatine’s finance team today if you have any questions or are wondering what additional lease trade-in incentives are available to you!

Whether you’re interested in turning in your lease early for a new lease, interested in buying your current lease, or just want to walk away after you return your lease, you’ve come to the right place! Hyundai offers numerous end-of-lease options to choose from, including:

  1. You can lease a new Hyundai
  2. Purchase a new Hyundai
  3. Purchase your currently leased Hyundai
  4. Walkaway hassle-free after your inspection

Lease-End Overview

Within the last six months of your lease, you should start to consider what you want to do next. Hyundai Finance makes the lease-end process as simple as possible, so you can make a confident decision based on your needs. These are the things you should do during the last couple of months of your lease to be best prepared to turn in your Hyundai:

  • Identify any potential excess wear and use through a self-assessment
  • Make necessary repairs to avoid any excess wear and use charges
  • Get specific details on your options by calling a Lease-End Advisor at (855) 463-5378, Monday through Friday, 8 a.m. – 9 p.m. Eastern
  • Visit the HMF Advantage page to see the benefits of leasing again or purchasing with us
  • Schedule a turn-in appointment at your Hyundai dealer

Before Your Turn-In Appointment

  • Clean your vehicle inside and out
  • Remove any garage door remotes and toll tags
  • Fill out and sign an Odometer Disclosure Statement then fax completed statement to (972) 590-3968
  • Make sure all equipment originally provided with the vehicle is present, including but not limited to:
    • Keys & keyless remotes
    • Owner’s manual
    • Headrests
    • Cargo covers/nets (if applicable)
    • License plates (check with DMV to determine plate return requirements)

Buying

Unlock the full Hyundai ownership experience by financing your next new Hyundai model. At Hyundai of Palatine, our expert finance team is ready to help you find the perfect loan for your budget. Explore all the benefits that come with ownership, like the ability to refinance, build equity, personalize your ride, and more. Additional advantages of choosing to finance a new or used Hyundai model include:

  • Less worry about your vehicle’s condition
  • No limit on mileage
  • Full ownership of your vehicle
  • Factory warranty to cover major repairs

Leasing

Leasing a new Hyundai allows you to enjoy a new model more often! Hyundai of Palatine also goes a step further by allowing you to turn in your lease early for a new one, helping you purchase your lease, and even can help you trade-in your current car for a new lease! When it comes to leasing, you don’t need to worry about resale value, warranty, or long-term commitment. If the value of the vehicle drops when you are leasing it doesn’t affect you. If on the other hand, the vehicle holds its value better than expected, you will be able to buy the vehicle! Additional leasing benefits include:

  • Lower down payment
  • Lower monthly payment
  • Opportunity to drive a new car every two to three years
  • Factory warranty to cover major repairs

Why Hyundai Motor Finance?

Hyundai of Palatine works with Hyundai Motor Finance to grant you access to your account 24/7, offers competitive financing rates, and first-class customer service. Whether you’re at home or on the road enjoying your Hyundai vehicle, you can pay your bill, download statements, manage your account, and contact us anytime from your computer or mobile device. Whether you’re thinking of leasing or buying, Hyundai Finance offers:

FAQs

What happens after my lease is up? You have four options when your lease term is ending:

  1. You can lease a new Hyundai
  2. Purchase a new Hyundai
  3. Purchase your currently leased Hyundai
  4. Walkaway hassle-free after your inspection

Hyundai lease contracts generally last for 24 to 48 months.

  1. Scheduling your inspection.
  2. Review and make possible repairs.
  3. Make an appointment at a dealer.
  4. Complete a federal odometer/lease termination statement.
  5. Pay any lease liability fees/charges.
  6. Pay any additional charges.
  • Lower down payment
  • Lower monthly payment
  • Opportunity to drive a new car every two to three years
  • Factory warranty to cover major repairs

A car’s mileage affects its resale value. If you drive more miles than the average American driver (12,000 per year) a lease may not make sense. Leases most often come with a limit of 10,000-15,000 miles per year and a fee per mile for additional miles driven.

If you are driving your vehicle for business a portion of the car’s depreciation and lease payments can be deducted from your taxes. If you want to learn more about the business vehicle tax deduction, check with your tax adviser.

Leasing offers a lower monthly payment when compared to financing with the same loan terms. Instead of putting your cash into a car that depreciates, you can invest your money into something that appreciates. If you need access to more cash every month – leasing is a good choice. Car leases also do not usually require a substantial down payment.

Leasing offers a lower monthly payment when compared to financing with the same loan terms. Instead of putting your cash into a car that depreciates, you can invest your money into something that appreciates. If you need access to more cash every month – leasing is a good choice. Car leases also do not usually require a substantial down payment.

When you lease a car you pay less for sales tax. When you purchase a car you pay sales tax on the total amount upfront or rolled into your loan. When you lease you pay sales tax only on the portion of the car you finance.

With a 3 year lease, your vehicle is under warranty and the factory will cover the cost of most repairs. Not to mention that a brand new car is unlikely to have dead batteries, or need costly repairs.

  • When you buy, you will receive your title, lien release, or a letter from us indicating your lien has been released electronically after your final payment has been processed.
  • After your lease is done, you may purchase your lease vehicle or return it to your Hyundai dealership, at which point you may choose to purchase or lease a new Hyundai.
 
Hyundai of Palatine is located at: 221 E Lake Cook Rd • Palatine, IL 60074
Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

847-230-9455

Call Now

221 E Lake Cook Rd • Palatine, IL 60074

Get Directions

Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7:30am-6pm

Hyundai of Palatine 42.152894, -88.036993.