Buy a car at the end of your lease

Buy a car at the end of your lease

If you want, you need to get a car and you want to terminate your lease

For a driveway. Buy a used car, there are several

Learn to nail a good deal.

7 best strategies for Buy a car at the end of your lease

First, you must know the cost of buying out the lease. Read good

Printed on your contract, "the purchase option price" views. This

The rest of the leasing company has set a price

Plus the car at the end of the lease-purchase - payment options

$ 300 to $ 500. If you use the dotted line, you

Calculated as the difference between the monthly payment vehicle

It's worth the sticker price and at the end of the lease, plus the

Monthly financing costs. Estimated value of the final price of the car

Leasing jargon "residual value" referred to in the lease. They

Expected depreciation - or loss in value - vehicles

Planned - period. For example, stickers for vehicles

And 50% residual value of $ 40,000 $ 20,000

Value at the end of the lease.

Now that the cost of buying out your lease, you must determine

Car "market value" you, the real value. Therefore, as

In the retail market, what is your car? A good solid pin

Some estimate the cost of doing research. Check Price

Different traders in the same mileage and condition, this vehicle. Use

The Cars.com, Edmunds.com and Kelly Blue Book sites online prices

Detailed pricing information. Gleaning various pricing information

A reasonable estimate of the retail value of your vehicle to see.

What you need to do now is compare the two amounts. If the residual value

If you are successful, but less than the actual sales value.

Unfortunately, there is a good chance a car coming from the lease, there is a small

High side.

However, do not despair. How companies that lease residual values

Their vehicles, because there is more than the market value

Always looking for opportunities. You cannot reduce the price

Vehicle leasing some smooth negotiating tactics. Putting a price

They are close to the bottom of your actual target and negotiate hard