Buying a leased caris not for everyone. Some people may prefer to continue leasing new vehicles, and others may want to check out the used car lots for their next purchase. When making this sort of decision, it's best to weigh the pros and cons to determine the right move. Pros of b...
If you've grown attached to the Kia vehicle you're leasing, returning it at the end of your lease term may not be the most appealing option. Fortunately, you can purchase the car you love through the Kia lease buyout program. A lease buyout allows you to own your leased Kia and cont...
“This is a good cost to negotiate at the beginning of the lease if you think there’s a decent chance you’ll want to buy the car at the end of the lease,” says David Undercoffler, editor in chief of Autolist. Negotiating the buyout price upfront is particularly important because ...
presumably for $30,000 instead of $28,000. However, you will have to pay in cash or take out a loan to purchase the leased vehicle. For many folks, the most straightforward approach is to take the buyout deal and apply the equity to a new car from the same dealership...
A lease buyout, also known as a purchase option, allows you to buy your leased vehicle before or at the end of the contract from a Honda dealership. During the lease term, most of what you pay goes toward covering the vehicle's depreciation. At the end of the lease, you can purchase...
Should you buy your leased car? Crunching the numbers may help you decide. For example, if the estimated cost to buy out your car lease is more than you would pay to purchase the same vehicle from a dealer, then a lease buyout may not be a good choice. On the...
The short term of most leases means your vehicle will still benefit from the original car warranty throughout, and you may even get a free maintenance agreement from some manufacturers. You Can Still Buy the Car At the end of the lease, you still have the option tobuy the vehicle from th...
To Avoid Return Fees Returning a leased car can incur substantial fees, especially if you have gone over your mileage limit, or if the car is damaged. In such a situation, the added costs of buying out the car will be offset by the fees you would otherwise be charged. ...
Once you end your lease, you’ll most likely still need transportation, in the form of another vehicle. Buying a good used car is a natural solution. However, buying used cars can be a bit more tricky than buying or leasing a brand new car. See our article,How to Buy a Used Car, ...
Try to negotiate the terms of your lease, though you may have less leverage when you have bad credit. Consider negotiating the vehicle’s buyout price, which is the price you would pay tobuy the carat the end of the lease contract. This price generally cannot be negotiated after the lease...