Be prepared for "purchase option fees" (usually $300–$500), sales tax, and DMV registration costs. ⚠️ Important Considerations
Dealers inspect off-lease cars and sell them with extended warranties. This is the most "retail" way to buy a leased car. where to buy leased vehicles
Many off-lease cars that aren't kept by branded dealers are sold at auctions to independent used car lots. Many off-lease cars that aren't kept by branded
Buying a leased vehicle—often called a "lease buyout"—allows you to take ownership of a car you already know and trust. Most lease contracts include a "purchase option price" that was set when you first signed the paperwork. 🚗 Where to Buy Your Current Lease 🚗 Where to Buy Your Current Lease Use
Use Kelley Blue Book or Edmunds to see if your car is worth more than the residual value. If it is, buying it is a great deal.
If buying your own lease, you can skip the pre-purchase inspection since you know the car's history. If buying someone else's, always get an inspection.