Your lease contract includes a —the price the dealer predicted the car would be worth at the end of the lease.

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By buying the car, those penalties disappear. You’re essentially "forgiving" your own debt to the leasing company. 3. When the Car Has Excessive "Wear and Tear"

If you’ve maintained it meticulously and know it hasn’t been in an accident, that peace of mind is often worth more than a slightly better deal on a different vehicle. 5. When Interest Rates Are Favorable If you can’t pay cash, you’ll need a lease buyout loan .