If you’ve found yourself saying, "I want to buy my leased car," you’re not alone. With used car prices remaining unpredictable, buying out your lease is often the most financially sound decision you can make. Here is everything you need to know to make it happen. 1. Check Your Purchase Option Price
Your lease agreement contains a specific number called the . This is the price the leasing company estimated the car would be worth at the end of your term. Unlike a typical used car purchase, this price is usually non-negotiable because it was set in stone the day you signed the lease. 2. Compare the Residual Value to Market Price i want to buy my leased car
Should You Buy Your Leased Car? How to Navigate a Lease Buyout If you’ve found yourself saying, "I want to
One of the best reasons to buy your leased car is that you are the "previous owner." You know exactly how it was driven, whether the oil was changed on time, and if it has ever been in an accident. If the car has been reliable and you’ve kept it in great shape, it’s a safer bet than a random used car. 4. Factor in the Fees Unlike a typical used car purchase, this price
