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Leasing 101 Buying a New Lease Negotiating a New Lease Lease End Options Assuming a Lease Exit Your Lease Early              

Lease End Options

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Buy out your new lease

You may decide that you would like to buy out your vehicle.  Reasons might include:

  • You like your vehicle and you would like to own it
  • You owe an excessive amount for extra miles and damage
  • You want to sell it to someone else

 
Buying out your lease will require you to pay off the residual value of the vehicle, plus any remaining payments, to the leasing company.  You can do this through financing or by paying cash.  If you finance, you will need to get approved from a financing company and pay interest on your loan.  You will also pay for the transfer of title, taxes on the vehicle, and for the tags.