Can You Negotiate a Lease Buyout?

Choosing what to do at the end of your lease is a significant decision. Can you negotiate a lease buyout, and what should you expect in your end-of-lease negotiation? Keep reading if you’ve been thinking about purchasing your leased vehicle around Humble. Texan GMC Buick explains below how to negotiate a car lease buyout and get the best possible deal. If you have auto financing questions, please reach out to our finance team. 

How to Negotiate a Car Lease Buyout

Do you want to know how to negotiate a car lease buyout? Here are the steps that Houston drivers should take for end of lease negotiation:

1. Do your research – Knowledge is power. Your leasing contract likely includes an estimate of the vehicle’s value at the end of the lease. Use online tools, such as the %%di_name% Value Your Trade-In tool, to get a current estimate on the value of your car. If your research suggests that the market price of your leased car is significantly lower than the lease-end purchase price in your contract, you may be able to negotiate a better deal.
2. Contact your loan carrier in advance – Unless you opted for dealers financing, do your end of lease negotiation directly with the financer, like your local bank or credit union, to see if they’ll accept a lower price for the vehicle. 
3. Make an offer – Once you’ve done all of your research, you’re ready to go back to the dealership with a lease buyout offer. If you can show that the estimate in your lease is inaccurate and that the bank has agreed to a lower price, the dealership will typically offer you a price closer to what you’ve requested.

Choosing the Right Lease Buyout

Now that you understand how to negotiate a car lease buyout around Porter, remember that timing is everything. Usually, New Caney drivers purchase their leased vehicle at the end of their lease term, but some contracts allow for an early lease buyout. Here are the primary differences between the two situations:

• The price of your car in a regular lease-end buyout is usually stipulated in the contract and is based on the residual value at the end of the lease. In some cases, you can start end-of-lease negotiation beforehand but wait to buy it until your lease is over. 
• An early lease buyout is a good option for those drivers in Humble hoping to avoid excess mileage fees or other service penalties. The price is determined by the amount you still owe on the lease and your car’s estimated remaining value at the end of the lease term.

Lease or Finance Your Next Car With Texan GMC Buick

Now that we’ve answered the question, “Can you negotiate a lease buyout?” contact us to learn more about your financing and leasing options. Feel free to apply for financing online and browse our current special offers. We’re here for you, so reach out to us today!

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