Buying a car off a lease, often called a , allows you to purchase the vehicle you've been driving for a price typically set at the start of your contract. How a Lease Buyout Works
The purchase price is primarily based on the residual value —the leasing company's original estimate of what the car would be worth when the lease ends. buying a car off a lease
The decision to buy usually comes down to comparing the against the current market value . Buying Out Your Car Lease Early: What You Need To Know Buying a car off a lease, often called
You have the option to buy the car at the end of the term or, in many cases, before the lease expires. Buying Out Your Car Lease Early: What You
You can often bypass the dealership entirely by working directly with the leasing company (the lender you pay each month) through their website or customer service line. When a Buyout Makes Financial Sense