Buying Out A Car Lease at Buying

Buying Out A Car Lease. You don’t have to wait out the lease. If you’re going to be over your mileage limit or there’s excessive damage to the car, an early lease buyout might be better.

For some drivers, leasing or buying is purely a matter of dollars and cents. In a buyout, the dealership purchases your leased vehicle directly from your bank for the buyout amount, adds your vehicle to its inventory then sells it. Dealers want your car so they can put it into their inventory and.

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The market value of your leased car has surged. Most auto leases provide the leasing customer with the option to buy their car at the end of the lease, or buy prior to the end of the lease. The market value of your leased car has surged. In these situations, the dealers pay the lease payoff — based on the car’s residual value when it was originally leased — directly to the automaker’s finance arm, and the shopper drives off in a new.