Buy Out Your Lease
Did you know you can buy out your vehicle at any point during your lease?
A car lease buy out is when you purchase your leased vehicle, rather than return it to the dealership. You can do this in one of two ways: at the end of your lease term (known as lease-end buyout), or during the lease term (early lease buyout).
How does a lease buyout work?
For a lease-end buyout, you’ll pay the amount that was determined by at the start of the term. The amount should be listed in your original paperwork.
For an early lease buy out, you’ll pay the vehicle’s agreed-upon expected value along with whatever you still owe on the lease and any applicable lease termination fees.
You may want to consider buying out your lease if:
- You love your vehicle too much to part with it
- Your vehicle has equity and the buyout price is lower than the market value of the vehicle
- Your car hasn’t required any major services or repairs
- You’ve gone over your mileage limits
- Your credit score earns you a low interest rate to finance the buyout price
The team at Central Buick GMC can provide you with the cash buyout figure, finance options & protection plans to cover you during the new ownership. Your vehicle may even be eligible to be sold to you as Certified Pre-Owned, bringing with it a comprehensive suite of benefits.
Contact us or visit us at 1555 1ST ST S, WINTER HAVEN, FL 33880 to discuss your options.