For many, the end of a car lease brings a familiar dilemma: do you turn the keys in and start fresh, or do you keep the car you’ve grown to love?
Most contracts include a small fee (usually $300–$500) to process the buyout.
Are you planning to the buyout through a bank, or were you hoping to pay cash to avoid interest?
Buying your leased car—often called a —is a smart move if you love the vehicle or if it’s worth more than the price set in your contract.
In most states, you’ll need to pay sales tax on the purchase price.
Should You Buy Your Leased Car? How to Navigate a Lease Buyout
