Lease End Process at BMW Santa Barbara

CONTACT LEASE RETURN

If you are currently leasing through BMW Financial Services, you may have questions about what to expect at the end of your lease. This guide provides you with an explanation of lease-end options and the procedures to follow at vehicle turn-in.

  • Option 1: Get into a new BMW
  • Option 2: Keep your current BMW
  • Option 3: Turn in your current BMW

Option 1 – Get into a new BMW

Step 1 – Contact BMW Santa Barbara Visit BMW Santa Barbara and view our current New or Used inventory. If you’re interested in a particular vehicle, call or stop by to take it for a test drive to ensure it’s the right BMW for you.

Step 2 – Evaluate your current BMW Any damage to your vehicle that is deemed to be excess wear and use is chargeable. It is recommended that you visit BMW Santa Barbara for a pre-inspection, 90–120 days before the end of your lease. BMW Santa Barbara will review your vehicle’s condition and provide an estimate of any charges. Please contact us to schedule an appointment. M-F 8am-4pm leasereturn@sbautogroup.com.

Step 3 – If necessary, repair your current BMW If there is any excess wear and use present, you will receive an estimated cost for repair shortly after your vehicle inspection. To ensure that the repairs are acceptable, we recommend having them completed at BMW Santa Barbara. You will be required to forward your repair receipts to BMW Financial Services to ensure that your maturity billing is updated accordingly. Or, if more convenient, you can choose to return your vehicle as is and pay any outstanding charges at that time.

Step 4 – Return your current lease at the same time you pick up your new lease. Your sales person will coordinate the new car pick up with your current lease turn in to make the process as simple and time effective as possible. If you have already done the pre- inspection, we will re-evaluate the vehicle and see if there are any new damages or if any previously inspected damage has been fixed/repaired. If no pre-inspection has been completed, we will perform a final inspection on the day of your return.

Option 2 – Keeping your current BMW

  1. Make arrangements to keep driving your current BMW by extending your lease, or re-leasing the current vehicle
  2. Purchase your vehicle outright with financing options through BMW Financial Services.

Should you wish to purchase the vehicle that you are currently driving, you may do so by paying the residual value shown on your original lease agreement. You can choose to either finance the total amount due with BMW Financial Services or pay it off completely. Please contact our Finance Department (805) 682-2000 with any questions if you would like to try and purchase your vehicle.

Option 3 – Turn in your current BMW

Step 1 – Evaluate your current BMW If you wish, you can also visit BMW Santa Barbara for a complementary pre-inspection, 30-90 days before the end of your lease. BMW Santa Barbara will review your vehicle’s condition and provide an estimate of any charges. Please contact BMW Santa Barbara to schedule an appointment.

Step 2 – If necessary, repair your current BMW If there is any excess wear and use present, you will receive an estimated cost for repair shortly after your vehicle inspection. We can help you with repair options if needed

Step 3 – Returning your BMW Please contact BMW Santa Barbara and schedule an appointment to return your vehicle on or before your lease maturity date. BMW Santa Barbara will review the condition of your vehicle and confirm that the necessary repairs have/have not been made.

*Please make note that if you are returning vehicle there is a disposition fee from BMWFS of $350 as noted on your lease contract in addition to any other charges upon inspection of your vehicle.
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402 S Hope Ste A • Santa Barbara, CA 93105

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BMW Santa Barbara 34.4340907, -119.7465996.