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Hyundai Lease-End: Your Options Explained Clearly

Hyundai Lease-End: Your Options Explained Clearly

Every year, around the same time, I see the same kind of message land in my office, or in my inbox: "My lease ends in two months, what do I need to do?" In fact, almost always, behind that question, there's a real worry: am I going to get hit with a surprise bill? Did I miss an important step without realizing it?

Hyundai lease-end in Quebec, the essentials: you must complete the self-inspection within the 30 days preceding the contract's end date (versus 60 days elsewhere in Canada). At lease-end, you can then buy the vehicle, return it or request an extension. In addition, in Quebec, the Hyundai dealer that takes the vehicle back can carry out excess wear repairs up to 10 days after the return.

It's a legitimate worry. Indeed, ending a lease involves precise rules, and several of them are unique to Quebec, different from what applies elsewhere in Canada. However, it's not the kind of detail you remember after signing a contract four years earlier. So here it is, in plain language: everything you need to know to reach your lease end without surprises.

What Happens When You Don't Plan Ahead

In 20 years managing sales teams, I've seen the same scenario play out: a client waits until the very last weeks before the end date to deal with it, then gets caught off guard by one of the following rules.

The self-inspection window is shorter in Quebec. In most Canadian provinces, a client can complete their self-inspection up to 60 days before the contract's end date. In Quebec, by contrast, the law requires the client to do this inspection within the 30 days preceding the end date, not before. As a result, a client who schedules their inspection too early, relying on general information found online, risks having to redo it.

Excess wear charges can apply without the client expecting them. For example, a deep scratch, a tire below the minimum tread depth, rims that don't match the original specifications or an aftermarket accessory can all generate charges at return. Yet many clients don't realize the scope of these criteria until they receive their final statement.

Winter tire returns can create billing confusion. Specifically, if you don't correctly select the "Winter Tires" or "Summer Tires" option at the time of return, your final statement can contain errors. It's an easily avoidable annoyance; even so, it catches people off guard every year.

However, none of this is dramatic if you plan ahead. That's exactly why I make a point of having this conversation with our clients well before the end date, not the week the lease is wrapping up.

Your Three Options During the Lease Term

Nothing forces you to wait until your contract's end date to act. In fact, three options are available to you at any time during the lease period:

  • Buy the vehicle before the end date. You can purchase your leased vehicle for the buyout amount specified in your contract. Moreover, no inspection is necessary, and no excess wear or excess mileage charges apply.
  • Return the vehicle before the end date. You can make all remaining lease payments and return the vehicle earlier than planned. However, an inspection then becomes mandatory, and excess wear and excess mileage charges may apply.
  • Transfer your lease contract. You can transfer your lease to a new lessee. Here too, no inspection is necessary, and no excess wear or excess mileage charges apply.

Your Three Options at Lease-End

Once the end date arrives, the three broad option families come back into play, but with a few important nuances:

Buy the vehicle

First, you can purchase your vehicle at the purchase option price (the residual value specified in your contract). Once again, no inspection is necessary, and no excess wear charges apply. For an accurate purchase cost estimate that accounts for your remaining contract balance, we can also walk you through the process. Note, however, that this estimate doesn't include expenses already incurred but not yet billed, outstanding fees, or safety certification costs. Good news on that front: in Quebec, the law doesn't require a safety certificate for this type of ownership transfer.

Return the vehicle

You can also return your vehicle to an authorized Hyundai dealer. In this case, an inspection is mandatory, and excess wear or excess mileage charges may apply depending on the vehicle's condition.

Request a lease extension

Finally, on an exceptional basis, a client may request to extend their lease contract. Hyundai Motor Finance then qualifies the request based on the account's standing and payment history. If this option interests you, you can therefore reach their lease-end team directly at 1-800-205-0540 or by email at lease-end@hyundaifinancing.ca.

The Return Process, Step by Step

If you choose to return the vehicle, here's exactly how it unfolds.

1. The self-inspection

First, you need to assess your vehicle's condition yourself before returning it, using the "AutoVIN Self Inspect" mobile app. In Quebec, you must complete this inspection within the 30 days preceding your contract's end date, not before, not after. The app then guides you through every step and provides a digital condition report within 24 hours of completing the process.

If you don't have access to a smartphone or tablet, you can also schedule an inspection directly with AutoVIN by calling 1-800-566-2811 or visiting autovinlive.com. On the other hand, if you plan to return your vehicle more than 90 days before the end date, you'll need to contact Hyundai Motor Finance directly to schedule an inspection appointment.

2. Repairs before (or after) return

Once you have your inspection report in hand, it's therefore in your best interest to have anything that could generate excess wear charges repaired, at a Hyundai dealer or an authorized repair shop of your choice.

This is where a Quebec-specific detail deserves attention: in most provinces, you must complete repairs before returning the vehicle. In Quebec, however, the law also allows repairs after the return, under two specific conditions: the Hyundai dealer where you returned the vehicle must carry out the repairs, and it must complete them within 10 days of the return. To avoid any excess wear billing in this scenario, then upload your repair receipts to the client portal, in the Documents section, once the work is complete.

3. The pre-return checklist

Before bringing in your vehicle, make sure to:

  • Clean the interior and exterior of the vehicle
  • Remove garage door remotes and toll transponders
  • Confirm that the dealer has completed all outstanding recalls
  • Delete all your personal data from the vehicle (navigation, garage door programming, Bluelink)
  • Have copies of your maintenance records on hand (oil changes, repair invoices)
  • Confirm that the tires and rims match the original specifications
  • Gather all original equipment: keys and key fobs, owner's manuals and documents, headrests, cargo covers, trunk nets, jack (if applicable), and floor mats

4. Booking the appointment

Next, contact us to schedule your vehicle return appointment. We'll then take care of completing the online return process, printing the final documentation, and giving you your copy of the return confirmation. Finally, keep it safe.

Excess Wear Criteria Worth Knowing

To give you a concrete idea of what can generate charges at return, here are a few examples (for estimation purposes only):

  • Exterior: damage to a body panel or hood of 5 cm or more with paint damage; a scratch longer than 10 cm; hail damage; a windshield chip with any crack, regardless of size; any repair or damage that compromises safety.
  • Interior: punctures, cuts, tears, burns, scratches, or permanent stains; missing or damaged equipment; any aftermarket accessory.
  • Tires and rims: any tire with tread depth below 3.3 mm; mismatched, damaged, warped, cracked, or fissured rims; a missing spare tire (if applicable); missing winter tires when required by policy.
  • Other: any modification to performance, suspension, or fuel system components; damaged hazard lights; non-original paint color or repainting; aftermarket accessories; mileage exceeding the maximum allowed under the contract.

If several of these concern you, especially on a vehicle that's seen a lot of mileage or a few tough Quebec winters, know that an Excess Wear and Tear Protection Plan exists. With this plan, eligible charges disappear and you receive an adjusted final statement. Not sure whether your contract includes one? Our team can then check that for you quickly.

The Winter Tire Policy, Often Misunderstood

You can also return your leased vehicle with your winter tires on, under certain conditions:

  • Your return takes place between November 1 and March 31
  • You hand back the original rims, installed on the vehicle or separately
  • The tire set (winter or all-season) has a tread depth of 3.3 mm or more

In addition, I often repeat this detail to our clients: at the time of return, make sure to correctly select the appropriate option between "Winter Tires" and "Summer Tires" in the paperwork. It's a simple step. Still, it's exactly the kind of administrative detail that, checked incorrectly, can generate inaccurate billing afterward.

How Brossard Hyundai Supports You Through the Process

This isn't a process you have to manage alone. On the contrary, our team is here to:

  • Review your inspection report once completed, to identify opportunities to reduce repair or excess wear costs
  • Recommend the most relevant repairs or corrective measures before return
  • Make the necessary arrangements to have those repairs carried out
  • Help you schedule your return appointment
  • Complete the entire online return process on your behalf

And if your plan, once your lease ends, is to move into a new vehicle, whether another Hyundai gas, hybrid, or fully electric model, this is exactly the right time to talk to us about it. After all, the end of a lease is often also the start of an excellent negotiation on your next vehicle.

Our Sales Director's Perspective

None of this is dramatic if you plan ahead. That's why I make a point of having this conversation with our clients well before the end date, not the week the lease is wrapping up.

Jean-François Charest — Sales Director, Brossard Hyundai

The end of a lease is often also the start of an excellent negotiation on your next vehicle.

Jean-François Charest — Sales Director, Brossard Hyundai

Hyundai Lease-End: Frequently Asked Questions

Inspection and vehicle return

When do I need to complete the self-inspection of my leased Hyundai in Quebec?

In Quebec, you must complete the self-inspection with the AutoVIN Self Inspect app within the 30 days preceding the contract's end date, not before, not after. Elsewhere in Canada, by contrast, the window is 60 days.

Can I have my vehicle repaired after returning it?

In Quebec, yes, under two conditions: the Hyundai dealer that took the vehicle back must do the repairs, and it must complete them within 10 days of the return. Then upload your receipts to the Documents section of the client portal.

Can I return my leased vehicle with winter tires on?

Yes, if the return takes place between November 1 and March 31, you hand back the original rims with the vehicle, and the tires have a tread depth of at least 3.3 mm. Also select the correct "Winter Tires" or "Summer Tires" option in the paperwork.

Buying, options and extensions

What are my options at the end of my Hyundai lease?

At lease-end, you can buy the vehicle at the purchase option price (residual value), return it to an authorized Hyundai dealer or, on an exceptional basis, request a lease extension subject to qualification.

Can I buy my leased vehicle before the lease ends?

Yes. You can buy your vehicle at any time for the buyout amount specified in your contract. Moreover, no inspection is necessary, and no excess wear or excess mileage charges apply.

Is a safety certificate required to buy my vehicle at lease-end in Quebec?

No. In Quebec, the law doesn't require a safety certificate for this type of ownership transfer.

How do I request an extension of my Hyundai lease?

Contact Hyundai Motor Finance's lease-end team at 1-800-205-0540 or lease-end@hyundaifinancing.ca. The team then qualifies the request based on the account's standing and payment history.

Let's Talk About Your Lease-End

Whether your end date is six months away or six weeks away, don't wait until the last minute. Contact our team now so we can review your file together, schedule your self-inspection at the right time, and thus avoid any surprises on your final statement.

Brossard Hyundai
8750 Taschereau Blvd., Brossard, QC J4X 1C2
Sales: 1 (866) 848-0083

Source: Lease Management Guide for Dealers, Hyundai Motor Finance (HMF).


Categories: Brossard hyundai, Leasing and Financing, Hyundai, Crédit automobile

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