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What are my options at the end of my lease?

You will have 4 options to choose from at the end of your lease. You can purchase, trade in, sell or turn in your auto. Each option and what fees associated with each are listed below. For full terms and conditions, consult your lease agreement.

Purchase the auto

Great option when the vehicle is worth more than your payoff balance
Please call MSUFCU and we would be happy to start an application to purchase your vehicle at anytime during your lease agreement
There is a $325 purchase fee
MSUFCU does not collect sales tax on the purchase price, and you will be responsible for paying sales tax when the vehicle is retitled

Trade in your auto

This is a great option if you would like to look at a different vehicle or would like an upgrade to your current vehicle
You can choose this option at any point in your lease agreement
You may go to any of our participating leasing dealerships, and they can help you get the process started
There is a $325 purchase fee

Sell the auto

If the vehicle is not working for you, you are able to sell back to a dealer or a private seller. Please call MSUFCU for payoff amount on your lease to make sure you are selling the vehicle for what is owed.
This can be sold at any point in the lease agreement
There is a $325 purchase fee

Turn in auto

Congratulations you have paid all minimum payments due on your lease
You will work with CULA on a pickup location on your vehicle
The vehicle will be inspected by CULA to determine excess wear and tear and mileage to be billed
There is a $400 disposition fee for turning in the vehicle

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Equal Housing Opportunity

Federally Insured by NCUA

Equal Housing Opportunity

Federally Insured by NCUA

Equal Housing Opportunity

Federally Insured by NCUA

MSU Federal Credit Union savings are Federally insured to at least $250,000 by the and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. APY = Annual Percentage Yield. and read our disclaimer regarding links to other sites.

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