Can You Negotiate a Lease Buyout? 3 Things to Know
Hello, drivers.
We're assuming that if you're reading this article, you have a leased car. And, if you do, you might be considering buying your leased car.
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Hello, drivers.
We're assuming that if you're reading this article, you have a leased car. And, if you do, you might be considering buying your leased car.
Read time: 8 minutes
Leasing a car comes with its own set of financial considerations, one of which is equity.
In short, car lease equity is the difference between the vehicle's current market value and the remaining lease balance.
Understanding how equity works can help you make informed decisions about your leased vehicle, so we’ll go over, in detail, what exactly equity is and how it’s calculated.
We’ve all been there – not sure where to start and feeling overwhelmed. (Car leasing can do that to you.)
“Buying or leasing or acquiring a car isn't difficult, but the dealerships have made it a long, drawn-out, anxious process. It doesn’t need to be that way. Consumers can educate themselves online to find exactly what they want. And once they know what they want, the actual purchase should be as easy as walking into a store and buying something right off the shelf.” – Brandon Williams, Lease End CEO
Read time: 4 minutes
We really hope you’re reading this out of pure curiosity. But if What if I crash my leased car? isn't a hypothetical question for you, hang in there — we’ve got you covered.
Read time: 3 minutes
When it comes to leasing a car, the word "equity" might not be the first thing that comes to mind. However, understanding the equity you can build in a leased car can be a game-changer, especially when it comes time to decide whether to buy out your lease.
If you’re currently leasing a car, you may have heard that it’s a really good time to be ending that lease. Maybe someone’s told you that it’s a good option to buy out and keep your leased car – or even sell it. We’ve talked about how to do that on our own site. But why is it a good time to do so?
It’s acronym time. (Don’t worry, we only have two.) We’re here to talk about VSC and GAP coverage.
Here's to happy endings! We want to congratulate Barry and Theresa Barnett, the winners of our lease buyout contest! By choosing to buy out their Subaru Legacy lease through Lease End, they were eligible to "win" their car, which is exactly what happened!
Read time: 11 minutes
Have you fallen in love with the car you've been leasing? Maybe you want to take advantage of the equity you've put into lease payments and transition into car ownership.
Or maybe, unfortunately, you've been in a car accident and are looking for a pathway out of your lease so you're not charged additional damage fees.
Whatever your reason for considering a lease buyout, you've come to the right place for all of the answers to your questions. We'll walk you through the most important things you need to know before buying out your lease — and empower you to make the best choice for your situation.