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Know the title transfer deadline: After you buy out your lease, you have to transfer the vehicle title to yourself within a certain period. The deadline typically ranges from 10 to 30 days ...
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 ...
Thanks to lemon laws in all 50 states (and Washington, D.C.) you can probably hire a lawyer for free who will arrange for the dealer to buy back your car. If an attorney who specializes in lemon ...
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 ...
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.
Lemon laws primarily serve to force manufacturers to buy back defective vehicles or exchange them. Depending on the jurisdiction, a process similar to vehicle title branding may also be used to warn subsequent purchasers of the history of a problem vehicle. While this portion of a vehicle's history is usually not retained with the title when ...
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 ...
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