Want To Buy My Leased Car — I

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.

When you buy your leased car, you aren't just paying the residual value. Be prepared for: i want to buy my leased car

In most states, you’ll need to pay sales tax on the purchase price. Buying your leased car—often called a —is a

Your lease agreement contains a specific number called the . This is the price the leasing company estimated the car would be worth at the end of your term. Unlike a typical used car purchase, this price is usually non-negotiable because it was set in stone the day you signed the lease. 2. Compare the Residual Value to Market Price Your lease agreement contains a specific number called the

The biggest "win" in a lease buyout is . If your contract says you can buy the car for $18,000, but similar models are selling on used car lots for $22,000, you have $4,000 in instant equity. In this scenario, buying the car is a no-brainer. 3. Evaluate the Vehicle’s Condition

Buying your leased car is a great way to avoid (like over-mileage or wear-and-tear charges) and keep a vehicle you trust. If the numbers add up, it’s often the fastest path to car ownership.

You’ll need to pay the DMV to transfer the title into your name. 5. Secure Your Financing