Sat, Mar 4th - 9:37AM
A Car Lease Buyout: Welcome Home a Car Full of Memories
You neither have to leave your car nor the memories attached to it.
is tough to forget things that have touched your heart. Memories that
you created while driving your car will remain in your heart forever.
But, what if you have to give away the car after the lease period gets
over? Do not lose heart because you can consider the option of a car
lease buyout and keep your car with you forever.
Is it smart to buy your Leased Car?
leasing comes with the option of buying the car at the end of the lease
period or before the period gets over. It is called a ‘car lease
buyout’. It simply means to buy your leased car – either with cash or
loan. Since you know the car’s condition very well, there will be no
surprises for you in the future. A car lease buyout option is safer than
purchasing a different used car because you will be able well-aware of
the situation of the leased car.
Multiple Benefits of a Car Lease Buyout
individual has a passion. And if you want to become a proud car owner, a
car lease buyout can help you with it. You can buy your leased car and
never let go of your fond memories. So, why opt for it? The answer lies
in its multiple benefits:
1. Good Opportunity
purchase price of a leased car is less than the current market value of
the car. A car lease buyout option gives you an opportunity to bring
home your favorite car. If you can’t buy your leased car with cash, do
not worry. There are many auto financing companies that will help you
with a loan. A good selection of the loan will provide you with low
2. Elimination of Surprises
are aware of the car’s condition. And, as you had planned for returning
the car at the end of lease period, you have left no stone unturned in
taking good care of it. So, when you opt for a car lease buyout option,
there will be no surprises or shocks in the near future.
already have the car that you like. There is no question of research or
test drive. Although you will have to undertake negotiating process
with the lessor, it is better than starting the car buying process from
A Car Lease Buyout: A Choice for Every One
happiness is your choice. If you like your leased car, it is the right
time to buy it. A car lease buyout provides you with two options.
Following are the two options with you:
1. Lease End Buyout
means that you can buy your leased car after the lease contract ends.
It requires you to pay the residual value of the car. A residual value
is the car’s worth at the end of the lease. It is usually agreed upon at
the beginning of the lease period and is mentioned in the contract. So,
is it a smart decision to opt for it? Compare the residual value to the
current market value of the car. When the residual value is less than
or equal to the market value, buying the car is a good deal. Also, you
can opt for it if:
- Overall performance of the car is good.
- It doesn’t require repair.
- You are able to get a loan at a good interest rate.
2. Early Lease Buyout
It gives you an option to buy your leased car before the end of the lease period. It is better to consider it if:
- The car has exceeded the allowed mileage limit.
- You are unable to keep up with the maintenance cost.
- There is interior or exterior damage to the car.
lease buyout option may not be a good deal because of additional
depreciation fees. So, it is wise to wait till the lease period ends in
order to get the best deal.
for a car takes a lot of time and energy. But, a car lease buyout will
help you. Let your passion have wings with the ownership of your leased
car. Buy the known car, which helped you create your memories, to build
CarDestination.com will help you with low rate auto financing for buying your leased car. Consider the option and bring home your favorite car. Apply now for bad credit pre-approved car loans and stop worrying about your credit history.