Franklin Sussex Auto Mall Blog

As part of our ongoing series regarding Frequently Asked Lease-End Questions, we look at issues concerning the coverage of the factory warranty once the vehicle has been purchased from the lease.

Question:
If I purchase my vehicle, will it still be covered under the original factory warranty?

Answer:
It all depends on the warranty that originally came with your vehicle. If your vehicle came with a three year or 36,000 mile (which ever comes first) warranty and your lease terminates after three years, then the original vehicle warranty from the factory will expire at the same time your lease does.

However, if you purchased an extended vehicle warranty at the time of purchase or your vehicle came with a longer factory warranty, then the original factory warranty will follow the vehicle until the terms of the warranty cause it to expire.

If your factory warranty expires at the end of the lease and you decide that you want to purchase the vehicle, we do have options available that would allow you to obtain extended warranty coverage at the time of purchase!

For more information, you can contact Kevin Houghtaling @ 973-702-2546

As part of our ongoing series regarding Frequently Asked Lease-End Questions, we answer a question received by one of our customers whos lease wasn’t fully completed.

Question:
Can I purchase my vehicle now?

Answer:
Yes! However, we must caution you that the price you are going to pay may exceed the current market value of the vehicle itself. If you are taking out a loan to make this purchase, it could put you into a negative equity situation. If you stop by Franklin Sussex Auto Mall, we would be more than happy to provide you with a free appraisal to help get a better idea of your vehicle’s current market value.

However, this is only one of many options available to you at this time. We have many programs and options available to individuals in your situation. Chrysler often has a program called Pull Ahead that allows you to end your current lease early and jump into another brand new vehicle without penalties.

Overall, our experience has shown that the best time to complete the purchase option is within the last 30-days of your current lease terms.

For more information, you can contact Kevin Houghtaling @ 973-702-2546

As part of our ongoing series regarding Frequently Asked Lease-End Questions, we visit a question today that gets asked by many of our customer who thought that the mileage limit they chose at the time of purchase would be sufficient, but due to lifestyle changes, may not be anymore.

Question:
I am currently driving more miles than my contract allows. What should I do?

Answer:
Excess mileage incurred during your lease must be paid for at the end of your lease. However, there are options available to you which could save you money in the end. Since these options and programs change often, your best choice is to contact us so we can discuss which options are available to you.

For more information, you can contact Kevin Houghtaling @ 973-702-2546