A Lincoln lease can certainly get you one of Lincoln's available vehicles without breaking the bank, but securing one can certainly be confusing to some customers. It can be easy to get lost in the paperwork, but that's why we're here to help. Here are three frequently asked questions concerning the leasing process and our answers to them.
What Happens at The End of My Lease?
When your lease expires your ride has to be returned to Woodhouse Lincoln. At this time, you have a few options in front of you.
First, if you're looking for something new, you can select a new vehicle to either finance or lease. If you're attached to your current ride, you can purchase it outright, and if you're not simply return it and walk away.
What Is GAP Insurance?
GAP insurance, or Guaranteed Asset Protection insurance, is an additional level of coverage available in the event your leased vehicle is stolen or totaled. GAP insurance can pay out what the vehicle is worth at the time of the event, meaning you'll be off the hook for the remainder of the loan balance or lease payments.
What Are My Mileage Options?
Mileage options offered here at Woodhouse Lincoln range between 7,500 to 19,500 miles per year. If 19,500 annual miles isn't enough for you, more can be negotiated once the leasing process begins. Depending on how much you plan on driving, you can save on your monthly lease payments if you sign a lower-mileage lease.
So now that you're an expert on leasing a Lincoln, why not stop by Woodhouse Lincoln today to check out the available selection of vehicles? A wide variety of both new and certified pre-owned vehicles, many of which are available for leasing, await potential customers, along with a staff that would be happy to answer any lingering leasing questions you may have.
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