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When a car lease term ends, the lessee has a number of options. They can return the vehicle and walk away, choose another vehicle, or buy the leased car outright. If you have a car lease and are considering the latter, you may be wondering how to calculate a lease buyout. Aston Martin Austin can help you determine how much you’ll pay using the steps outlined below. Don’t hesitate to contact us if you have questions along the way!
When you receive your monthly leasing statement, you may see a “Buyout Amount” or “Payoff Amount” on the statement. This amount includes the residual value of the car when the lease term began, the amount of payments remaining, and a car purchase fee (this may not be included, depending on the company). Can’t find the amount on your paperwork, or would you prefer to research lease buying yourself? Take the following steps:
Do you have additional questions about how to calculate a car lease buyout? The finance center at Aston Martin Austin can answer! Contact us online or visit us near Dallas and Houston, and we’ll assist you with everything from applying for financing to getting the best possible rates and terms on your loan. Did you know you can shop online with us for your new car? Find out how the virtual buying process works to learn more today!