Unlike buying a random used car, you know exactly how this one was maintained and driven.
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.
Buying the car helps you avoid expensive penalties for exceeding mileage limits or minor damage.
Deciding whether to keep your car or hand back the keys? Buying out your lease can be a savvy financial move, especially if you have positive equity in the vehicle. Here’s a breakdown of how it works and when it makes the most sense.
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
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