If you have a car lease in Boca Raton or Delray Beach and you’ve decided you want to buy your leased car, Land Rover Palm Beach can help. Find out how much you’d be paying by checking out our guide on how to calculate car lease buyouts on leased vehicles, and be sure to contact us if you have any questions!
You may see a Buyout Amount or Payoff Amount listed in your monthly leasing statement. This buyout amount includes the residual value of your vehicle at the start of the lease, the total remaining payments, and possibly a car purchase fee (depending on the leasing company). If you don’t have this value listed anywhere, or you prefer to do your own research on your lease buying, follow the steps below:
Lease-End Buyouts: If you are at or near the end of your lease, you will probably be able to negotiate a better buyout. If the dealer thinks you are planning on selling it back to them, they may offer you a better deal to keep the vehicle. Early Lease Buyout: You won’t really have much wiggle room negotiating the purchase price if you are trying to end your lease agreement early. Whether due to too much vehicle wear and tear or danger of exceeding the mileage limits, the dealer knows they have more leverage in the situation if you are trying to prematurely end your lease.
If you have questions about lease buyout loans, auto loan interest rates, or how to buy a car online, contact your local authorized Land Rover Finance Center. You can also use our handy loan calculator tool to plan your next vehicle purchase or buyout!
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