Lease Car Then Buy Page

You know exactly what the car will cost years in advance. If the market value of the car ends up being higher than the residual value, you’re getting a bargain.

Unless you have the cash ready, you’ll need to apply for a "used car loan" to cover the residual price at the end of the lease. lease car then buy

When you sign the lease, the dealer sets a "residual value." This is the pre-determined price you can buy the car for at the end of the lease. You know exactly what the car will cost years in advance

If you love the car and it’s worth more than the buyout price, it’s a smart financial move. If the car has lost more value than expected, you can simply walk away—one of the few "win-win" scenarios in auto finance. When you sign the lease, the dealer sets a "residual value

You drive the car for a set term (usually 3 or 36 months) while paying for its depreciation rather than the full purchase price.