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, 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! 

  • Volvo XC90 Wins a Parents Magazine Award!

    The 2021 Volvo XC90 midsize luxury SUV has been documented as one of the Best Family Cars of 2021 by Parents Magazine. Parents Magazine, a foremost source for parents far and wide, accessed certified child-passenger specialists and its in-house automotive authorities to appraise over 50 new model vehicles with high-tech performance, safety, and suitability elements…

  • Pro Trailer Backup Assist: Impressive – and a Competitive Advantage

    For some people, backing up a trailer is second nature – it presents no problem whatsoever. For others, the mere thought of backing up a trailer makes them anxious. Whether a trailer maneuvering expert or novice, Pro Trailer Backup Assist helps enhance driver awareness and convenience when backing up a trailer.

  • Mazda Foundation Bestows $450,000 in Grants

    The Board of Trustees of the Mazda Foundation (USA) Inc., has bestowed $450,000 to four groups as part of the foundation’s annual grant giving. The grants will assist neighborhoods in Southern California and the greater Huntsville, Alabama, area. Keep reading for more details!

  • Volvo XC40 – Best Resale Value Award – Kelley Blue Book

    Have you heard the awesome news? Volvo recently announced that the 2021 Volvo XC40 has earned the Best Resale Value Award but Kelley Blue Book! This is the second year in a row the XC40 has won top honors in the Luxury Subcompact SUV category. Keep reading for all the great details!

  • What is the 2021 Volvo XC90 Price?

    Conway drivers looking to enjoy a little more luxury, power, and space in their next SUV don’t have to worry about breaking the bank with the 2021Volvo XC90 price. With a competitive base Volvo SUV price, you can find the XC90 package that fits your budget while enjoying top features and exclusive amenities. Learn more…

  • Preview: 2021 Bronco – Built Wild!

    You will soon realize that this Ford product takes a quite different approach to configurations and equipment details. Bronco 4x4s do not follow the traditional “good, better, best” approach, rather they allow customers to tailor a Bronco, from the factory, to match a wide variety of off-roading needs.

Posted in Car Buying