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Why Buying Out Your Lease Is The Smart Choice
Why Choose Leases Buyout
Find Out Why These Drivers Chose Leases Buy Out
Frequently Asked Questions – Leases Buy Out
A lease buyout allows you to purchase your leased vehicle at the end (or sometimes during) your lease term for a predetermined price.
Common reasons include:
- You love the car and want to keep it
- The buyout price is lower than the car’s market value
- You want to avoid excess mileage or wear-and-tear fees
- You’ve maintained the car well and know its history
Compare the buyout price (listed in your lease agreement) to the current market value of your car. If the buyout price is lower, it could be a smart financial move.
You can do either. Many people choose to finance the buyout through a bank, credit union, or the leasing company.
Yes, many lease agreements allow for early buyouts. Check your contract or contact your leasing company for details.
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