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When your car lease expires, purchasing the vehicle may be a good option if you grow attached to it and want to continue driving it. However, similar to buying a vehicle, a lease buyout comes with ...
It's often much harder to negotiate a car lease buyout than it is to negotiate the cost of a new or used vehicle. However, that doesn't mean it's impossible to get a better deal on a lease buyout.
There are two types of buyouts: an end-of-lease buyout and an early lease buyout. As you might guess from the name, an end-of-lease buyout happens when your lease expires.
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A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
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Learn several differences between a lease payoff amount vs. buyout price when leasing a vehicle and explore your alternatives in different leasing scenarios.
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