How to Lease a Car in Myrtle Beach

January 26th, 2018 by

Finance Banner

Read Our Blog

Once you’ve weighed your options to either finance or lease a car and have chosen leasing as the best fit for you, it’s time to get the ball rolling! If you’ve got questions about how to lease a car in Myrtle Beach, we’ll walk you through the entire process from:

  • Starting a Lease: Finding the right car, determining what you can afford, negotiating, and grabbing the keys 
  • The Duration of the Lease: Maintenance and mileage limits
  • Returning Your Lease: Choosing to buy the car, continue the lease, or return it and what you need to bring to the dealership

Starting a Lease

Presumably you’ve already picked a new car that meets your needs. Here’s what you need to do next:

  1. Budget: Budgeting for leasing is about the same as for financing a car. While you don’t have to worry about a massive down payment, you still have to plan for what you can afford monthly. Our payment calculator can help. 
  2. Determine Your Average Yearly Mileage: As you know, leasing a car comes with mileage restrictions. These can be negotiated higher or lower, but it will impact your monthly payments, and any overages come with penalties. That’s why it’s important to get a ballpark average of how much you drive currently. 
  3. Get the Best Deal: Take a look at Ford, Lincoln, Mazda, Volvo’s lease deals and our new vehicle specials in order to save some money. 
  4. Negotiate: Once you’ve picked a car, you will be negotiating for the price of the car first, which will then determine your lease payments. Even if you are leasing, you can still trade in a car to reduce your costs. 
  5. Sign and Drive: You’ll want to make sure all the financial disclosures are clear to you like the penalties for excessive damage or going over your mileage restrictions. There will also be closing costs and taxes to cover. Once you’re all set, the car is yours! 

What to Do During Your Lease

For the most part, having a car that you’re leasing is the same as financing a car. There are some exceptions, though, that you should be aware of: 

  1. Mileage Restrictions: Your lease will come with mileage caps. If you go over these during your lease, you will have to pay a penalty. 
  2. Maintenance: You will be responsible for the car’s upkeep and any damage that isn’t repaired by you will still come out of your wallet when you return the car. 
  3. Alterations: Since you’re technically borrowing the car, you will not want to make any major alterations to the car unless you’re somehow able to easily undo them when the lease is over. 
  4. Breaking Your Lease: In most cases, you can break your lease if you need to get out early. For example, say you lived in Chicago and are driving a Toyota Corolla, but you suddenly have to move to Alaska, and an SUV like the Toyota Highlander might now be better for you. If you do break your lease, you will likely have to pay a penalty fee that will be outlined in the initial terms and conditions. We recommend doing your best to not break the lease. 

What to Do at the End of Your Lease

When you reach the end of your lease, you have a few options: 

  • Return Your Lease
  • Exchange Your Lease for a New Leased Car
  • Extend Your Lease on Your Current Vehicle
  • Buy Your Leased Car

What you decide to do is entirely your decision! If you do decide to return or exchange the car, here’s what you need to do:

  1. Clean the Car: You’d be surprised how many people don’t bother to clean their vehicle or even remove their belongings before they return it to the dealership. You’ll want the car to be as close to its original condition as you can get it. 
  2. Bring Any Paperwork: Have with you your initial terms of agreement, as well as any service records. 
  3. Pay Any Fees: Depending on the car’s condition, you may have to take care of any excessive wear and tear or mileage overage fees at this time. At the very least, there will be a disposition fee you’ll have to pay. This fee covers the dealership’s cost while assessing the vehicle’s condition and determining its resale value. 

Lease a Car Today at Beach Automotive Group

We hope you’ll choose to lease your next vehicle from Beach Automotive Group. If you still have any questions about leasing from our dealership, please give us a call at or stop by the dealership to see your favorite models in person! 

  • 2018 Explorer Vs. VW Atlas: Mapping the Competition

    Since its original introduction nearly 30 years ago, Ford Explorer has faced off against a variety of SUV competitors. Now there’s another new one: the VW Atlas. Let’s see how the 2018 Explorer compares!

  • Revel Audio & Lincoln: Shared Commitment

    In 1996, Revel Audio, guided by science and driven by passion, set out to perfect home audio. They did this by crafting the world’s finest loudspeaker system.  After capturing many prestigious home audio awards, Revel brought its industry-leading technology to the automotive world. They did this exclusively through Lincoln in 2015. Keep reading to learn…

  • Is It Illegal to Drive Barefoot?

    Service Contact Us Depending on the weather in Conway, you may be considering driving barefoot which may lead you to wonder: is driving barefoot illegal? It is not, in fact, illegal to drive in %%di_state%% nor any other state. Now you know the answer to your question. However, before you pop off your shoes, you…

  • What Is Gap Insurance?

    What is Gap insurance? Simply put, Gap Insurance, also known as Guaranteed Asset Protection Insurance, covers the value of the model and the balance still owed on it at the time of trading whether it’s a loan or a lease. When you are ready to apply for coverage, or if you are just interested in…

  • Christmas Thanks from Beach Automotive Group

    All of us here at Beach Automotive Group want to send our very best Christmas Thanks to all of you! Happy Holidays to all of you!

  • Volvo XC40 Named KBB Best New Model 2019

    Have you heard the terrific news? The Volvo XC40 was named the Best New Model AND Best Subcompact Luxury SUV for 2019! Keep reading for the full story!

Posted in Car Buying