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Car leases usually allow lessees to either return the car, trade it in for another, or buy it at the end of the lease period. Buying a leased vehicle might be the right move for some people, but ...
A typical car lease with a buyout option happens at the end of the lease term. If you want to buy the car, you pay the residual value, which is determined at the start of your lease.
An open-ended lease means the dealer will calculate the value of the car after you return it at the end of the lease. If you maintain it well and it's worth more than expected, you could receive a ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
At the end of your lease contract, you can return the car to the dealership or purchase it for a predetermined depreciated value, also known as the residual value. Some pros of leasing a vehicle ...
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
Most leases will include a disposition fee at the end of the terms. Learn more about these fees, how much they cost and how to potentially avoid them.
To determine the car's value at the end of your lease, use a site like Kelley Blue Book to calculate the current market value of your leased car. You may want to consider buying the vehicle if the ...