Best - Way To Buy Your Leased Car

Ensure the dealer isn't padding the price with unnecessary administrative costs.

Buying your leased car, also known as a lease buyout, is often a smart financial move if the vehicle’s market value is higher than the predetermined purchase price in your contract. Know Your Numbers best way to buy your leased car

Before contacting the dealership, locate your original lease agreement. Find the , which is the fixed price you agreed to pay for the car at the end of the lease. Compare this number to the current market value using tools like Kelly Blue Book or Edmunds. If the car is worth more than the residual value, you have "equity" and should consider buying. Timing the Purchase You typically have two options for timing: Ensure the dealer isn't padding the price with

While the residual value itself is usually non-negotiable, other costs are not. Check if this can be waived. Find the , which is the fixed price