Another consideration: Lease buyout Atthe end of a leasing contractyou may have the option tobuy the vehiclefor a predetermined price, usually called residual value. If you require financing to be able to do so, you may be able to take out a loan for this purpose. If you decide that ...
Wear, tear, and mileage can affect the value of the car, which you should keep in mind when considering a lease buyout. It may not be a good idea to buy out your lease if it's going to cost you more than the car is worth, which can happen if the car's actual value falls belo...