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Many customers have asked us at Fisher Acura, “Can you negotiate a lease buyout?” The answer is yes. When your car lease term is near the end, you have two options: return the vehicle to the Boulder dealership where you got it and pay any remaining fees, or you can negotiate a lease buyout. A lease buyout is when a dealership allows you to purchase the leased vehicle at or before the end of a lease term for the price of its remaining value. Are you wondering how to negotiate a lease buyout? If so, keep reading, and contact our finance team with any questions.
A lease-end buyout is the most common option of a car lease buyout. A lease-end buyout means that you pay a pre-determined estimate of the vehicle’s value at the end of the lease period. Usually, this price is agreed upon and stipulated in your lease agreement before signing it, but you may still be able to do some end-of-lease negotiation. This might be a good choice for you if:
A key benefit of a lease-end buyout is that you know the condition and history of the vehicle you’ve been leasing,
When you do an early lease buyout, you purchase your vehicle before lease-end. Not all lease agreements allow this, so check to see if it’s an option for you. Before considering an early lease buyout, you should also check that it’s worth the long-term investment to buy instead of lease. At the end of your lease, the price you’ll pay is determined by:
Denver drivers often consider an early lease buyout when concerned about lease fees for going over mileage, not adhering to the required maintenance schedule, or damages to the interior or exterior of the car.
If you want to own your vehicle and think a car lease buyout is a good option for your finances, here is how to negotiate a car lease buyout:
Now that we’ve answered the question, “Can you negotiate a lease buyout?” choose the option that is best for your Broomfield lifestyle and budget. If you have any questions, contact us. We’re here for you!