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Call the lender through which your lease was initiated. Explain that you'd like to extend your current lease with the same payments, terms, and conditions. You will sometimes be given an option as to what kind of extension you want/how long it will be. Usually, extensions are offered for up to 12 months.

The letter should include:Your name, current address and contact information.Date the lease extension request is submitted.Length of the lease extension, including the proposed end date.Reasons for extension.Date by which you need a decision, usually 10 days to two weeks.

Extending your lease doesn't change the residual value of the vehicle at the end of the original term, according to Edmunds.com.

Most leasing companies are happy to extend an expiring lease, which can give you some breathing room and time to make the right vehicle choice.

Most leasing companies are happy to extend an expiring lease, which can give you some breathing room and time to make the right vehicle choice. Some lenders will allow for a simple month-to-month extension.

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In the case of leasing, however, the lease terms normally require the lessee to have full coverage. When it comes to leasing, however, the lease contract typically requires the lessee to secure full coverage.In the case of leasing, however, the terms normally require the lessee to provide comprehensive auto insurance. Prior to the expiration of the then-existing Lease term or extension thereof. The insurance would cover any damages to the property in addition to abated rent. During the Term of this Lease and any renewal thereof. The term "improvements" has been defined in a variety of ways.

Extension Term Lease With Insurance

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What should I say to extend my car lease?

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