The biggest "win" in a lease buyout is . If your contract says you can buy the car for $18,000, but similar models are selling on used car lots for $22,000, you have $4,000 in instant equity. In this scenario, buying the car is a no-brainer. 3. Evaluate the Vehicle’s Condition
Your lease agreement contains a specific number called the . This is the price the leasing company estimated the car would be worth at the end of your term. Unlike a typical used car purchase, this price is usually non-negotiable because it was set in stone the day you signed the lease. 2. Compare the Residual Value to Market Price
Buying your leased car—often called a —is a smart move if you love the vehicle or if it’s worth more than the price set in your contract.