LEASE RETURN CENTER Q&A

 
When is the best time to start exploring my end of lease options?  
Returning your lease takes about 15 minutes. There is minimal paperwork to sign and we'll help remove your license plates. We'll provide you with a bag to place your belongings in, this way the switch from car to car is as smooth as possible.

How long does it take?
Returning your lease takes about 15 minutes. There is minimal paperwork to sign and we'll help remove your license plates. If you haven't had the vehicle inspected, we can help with that, too!

I bought my car somewhere else, can I return it there?
Yes. Competition BMW of Smithtown  will take lease returns purchased from any BMW dealership

What do I need to bring?
You will need to bring your vehicle, all keys, Manual and a copy of your final lease inspection report. (Don't forget your EZ pass and other personal items!)

Do I need to make an appointment to turn in my lease?
There is no appointment necessary. We ask that you return your lease Monday-Friday between 9am and 5:30pm.

What are your lease return hours and days?
Monday-Friday between 9am and 5:30pm.

Where do I pay the disposition fee?
The disposition fee gets waived if you lease or purchase a new BMW. If not, the disposition fee would be paid to  BMW Financial Services. They will send a bill after the lease is returned.

What about my over miles?
Over mileage charges vary from $.25/mile to $.30/mile, depending on the model.

Can I return the leased vehicle and lease a new car all in the same day?
Yes.  At Competition BMW of Smithtown, we are focused on helping our customers accomplish this task efficiently. Please contact us at 631-265-2208 or fill out the form on this page to get started.

What if I am interested in buying my BMW off lease, how do I proceed?
We understand that you may love your BMW lease and don't want to part with it. We don't blame you! In that case, one of our Business Managers are always available to go over buying out your lease and present you with different ways to save money.

Turn in your leased BMW at lease end. 
You can just drop off your BMW at Competition BMW of Smithtown. You should have already done your BMW Financial Services Lease inspection via AutoVIN. You will be responsible for any excessive mileage and wear and tear charges. Call Competition BMW of Smithtown 4 or 5 months before your lease ends Competition BMW of Smithtown can also provide valuable insight about the potential best time to take advantage of any available offers or incentives.

Who is responsible for the damages?
BMW lessees are responsible for the damages, per the lease contract.

What are your Lease End Options?

Turn in your leased BMW at lease end.
You can just drop off your BMW at Competition BMW of Smithtown. You should have already done your BMW Financial Services Lease Termination inspection. You will be responsible for any excessive mileage and wear and tear charges. Call Competition BMW of Smithtown 2 or 3 months before your lease ends. We will preform a complimentary lease turn in inspection and advise you of any potential pitfalls and explain your options to minimize your out of pocket expense. Competition BMW of Smithtown can also provide valuable insight about the potential best time to take advantage of any available offers or incentives.

Buy out and continue to enjoy your BMW .
Buying out your lease can help you avoid excessive mileage and wear and tear charges. Competition BMW may negotiate a lower price for a buyout based on current market conditions. BMW has special programs to help you refinance your lease. Contact Competition BMW of Smithtown for a review of your options.

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Contact

Competition BMW of Smithtown

599 Middle Country Rd.
Directions Saint James, NY 11780

  • Sales: (888) 734-3331
  • Service: (888) 874-2022
  • Parts: (888) 683-6780

Hours

  • Monday 9:00 AM-8:00 PM
  • Tuesday 9:00 AM-8:00 PM
  • Wednesday 9:00 AM-8:00 PM
  • Thursday 9:00 AM-8:00 PM
  • Friday 9:00 AM-8:00 PM
  • Saturday 9:00 AM-6:00 PM
  • Sunday 11:00 AM-4:00 PM
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