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Wondering if another dealership can buy out your lease? Find out what options are available and how the process works to get a lease bought out elsewhere.
If your lease contract is up and you want to get a car at a different dealership, learn which car dealers will buy out your lease so you can make a good trade.
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 ...
You'll likely have the option to buy the car at the end of the lease for a price predetermined in the contract; this option is appealing if you like the car and haven't had any major issues with it.
The advantage to the dealership of having an RFC finance was decreased risk on the sale and finance of the vehicles sold. Since both the RFC and the dealership had the same ownership, the owners could benefit from the profit on the sale of the vehicle and the profit on the loan for the vehicle. Historically, the down payment required on a BHPH ...
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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