Auto Leasing

Learn all there is to know about managing your lease.

End of Lease

If the U.S. Bank lease will be maturing in the next few months, now is a good time to start thinking about your options and responsibilities at the end of the lease.

Purchasing the Vehicle

You can purchase a leased vehicle at any time during your lease. If you decide to purchase the vehicle at the end of the lease, the payoff amount will be equal to the purchase option price listed on your lease contract, plus applicable taxes and fees. This price is only available to you, the lessee. Excess wear and mileage charges will not apply if you elect to purchase the vehicle.

Trading the Vehicle

You can trade the vehicle toward the lease or purchase of a replacement vehicle through a dealer. This means the dealer will buy the vehicle from U.S. Bank. Excess wear and mileage charges will not apply if you elect to trade the vehicle.

If you decide to use the vehicle as part of a trade on a new vehicle, please have the dealer contact us for pricing information. Ask your dealer about a new U.S. Bank lease.

Returning the Vehicle

Approximately 40 days prior to the end of your lease, an independent inspection company will be contacting you to set up an appointment for a vehicle inspection.

When you return the vehicle, make sure that all original accessories are present, including:

  • Keys and keyless entry remotes
  • Navigation system DVDs
  • Headphones and remotes for DVD players
  • Cargo covers
  • Owner’s manuals
  • Charging Cables

It is preferred that these items be present for the inspection as well. This will help you avoid unnecessary charges for missing equipment.

Please call us to make arrangements to return the vehicle.

Please make sure to contact us at 866-250-3147 after the vehicle has been returned.

Return Checklist

  1. Contact us at 866-250-3147 to discuss return time and location.
  2. Have free inspection completed by the independent inspection company.
  3. Contact your dealership to make arrangements to drop off the vehicle.
  4. Upon vehicle return, complete all end of term paperwork, including a Federal Odometer Statement and any other documents your state may require. These documents can be obtained at the dealership or we can provide them at your request. You should retain copies of these for your records.
    • Please return by fax to 716-616-5764 or mail to:
    • U.S. Bank
    • P.O. Box 068
    • Buffalo, NY 12420-0068
  5. Contact us at 866-250-3147 to notify us that the vehicle has been returned. We may not consider the vehicle returned until you contact us and return the required documents.

A final statement will be sent to you a few weeks after the vehicle has been returned.

Additional Information


The maximum number of miles allowed during the lease will be included in your original lease. If the mileage on the vehicle exceeds your allowable mileage, you will be charged a per-mile fee in accordance with your lease agreement.

Excess Wear & Use

At the end of your lease, we offer an inspection with an independent third party to help you understand damages you may be charged for. The inspector will note all damage or modifications. Our guidelines will determine if items are normal or considered excessive.

Please refer to the Excessive Wear & Use Table for further details.

Tips for Avoiding Charges

Because the inspection will be completed prior to the end of your lease, you may have time to repair damages and avoid charges. Here are some things to take into consideration:

The manufacturer’s warranty – Some issues may be covered under the manufacturer’s warranty. Check your owner’s manual for details.

Your insurance company – You can check with your insurance company to see if any damages may be covered.

Your dealership or body shop – You may choose to have your dealership or a certified auto body shop make any needed repairs.

To avoid missing equipment charges, make sure that all original accessories and equipment are present for the inspection, including:

  • All keys and keyless entry remotes
  • Navigation system DVDs
  • Headphones and remotes for DVD players
  • Cargo covers
  • Owner’s manual
  • Charging cables

Early Termination

Early termination of your lease may be expensive—up to several thousand dollars. The actual charge will depend on when the lease is terminated.

For additional information on early termination, see Returning a Leased Vehicle Early.

Auto Leasing FAQs
Find answers to common questions about Auto Leasing. Learn more

Sign up for Auto Pay
Simplify the way you make your lease payment. Get started

Guide to End of Term Options
Review available options for lease end of term. Open PDF

End of Lease Questions?
Give us a call at 866-250-3147866-250-3147.

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