The purchase price is primarily based on the residual value —the leasing company's original estimate of what the car would be worth when the lease ends.
Buying a car off a lease, often called a , allows you to purchase the vehicle you've been driving for a price typically set at the start of your contract. How a Lease Buyout Works buying a car off a lease
You have the option to buy the car at the end of the term or, in many cases, before the lease expires. The purchase price is primarily based on the
If buying early, the cost generally includes the residual value plus the sum of any remaining monthly payments (excluding certain interest or "rent" charges) and potential early termination fees. often called a