You have three options once your car lease is up: Trade it in for another lease, return it and walk away, or buy the car you've been leasing.
Best Lease Deals:
Buying your leased car saves the leasing company shipping and auction fees. That's why, in some cases, they'll call and offer you a lower buyout price than what's in the contract. But Maloney says it often isn't a good deal since they'll likely offer the retail price, when you should aim to buy it for wholesale.
Before deciding whether to buy your leased car, you'll want to compare the buyback price from your lease to the current resale value of the car. ... If you can acquire the automobile for less than its current market value and you like the car, buying it from the leasing company probably makes financial sense.
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