If the car has been trouble-free and still has a manufacturer's warranty, it might be more reliable than a new, untested model. Steps to Take
A lease buyout allows you to purchase the vehicle you’ve been driving instead of returning it to the dealership. Most contracts include a , which is the price set at the beginning of the lease based on what the car was predicted to be worth at the end of the term. When Should You Buy? buy out car after lease
If the current market value is higher than your contract’s residual value, you have "positive equity". Buying it out allows you to keep that value or even sell it for a profit. If the car has been trouble-free and still
Buying the car helps you avoid expensive penalties for exceeding mileage limits or minor damage. When Should You Buy
Unlike buying a random used car, you know exactly how this one was maintained and driven.