Each leasing company differs, so it is important to research your leasing company to determine what needs to be one at the end of the lease. It is important to recognize that the leasing company that leased the vehicle to the original lessee maintains ownership of the vehicle once you assume the lease. Some leasing companies require the lessee to deliver the vehicle to a local dealership, whereas others might demand that the vehicle be dropped off at a designated auction lot.
Your leasing company can provide you with the location of your nearest drop-off point. It is important that any damage to the vehicle be repaired prior to vehicle drop-off in order to avoid paying the premium fees that will be assessed by the leasing company for such repair work once the vehicle has been inspected at the drop-off point.
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