Can You Negotiate a Lease Buyout?

2022 GMC Terrain

 

When looking for a new East Wenatchee ride, there are quite a few options available, and it can be quite overwhelming. However, regardless of whether you’re buying or leasing, the team at Don Sangster Motors, Inc. is here to help. You could likely buy out your lease before your lease term expires. For more information, feel free to contact us anytime.

 

 

How to Negotiate a Car Lease Buyout

Let’s learn how to negotiate a car lease buyout around Moses Lake both before and at lease end:

  1. Do your research ahead of time – It’s common for the lease to include an overall estimate of your vehicle’s value at the end of your leasing contract. If the market price is much lower than the estimated value, this puts you in a better position to negotiate. 
  2. Contact your financer in advance – You should always negotiate directly with the financier, such as the bank or your credit union. This gives you the chance to get a lower cost estimate, providing you with the information you need for the end of lease negotiation. 
  3. Make an offer – Now that you’ve conducted the proper research and have made sure your finances are in check, it’s time to head over to your Wenatchee dealership. Preparation is key, as it allows you to better negotiate if the contract estimate is incorrect.

Choosing the Right Lease Buyout

Now that you know how to negotiate a car lease buyout, you need to choose when you’re going to buy out your lease. Although purchasing the vehicle after the lease is over is more common, depending on your contract you might be able to buy out the lease early. Let’s check out the difference between an end of lease buyout and an early lease buyout:

  • The price of a lease-end buyout is usually stated within the contract when you sign the lease. This value is determined by the residual value at the end of the lease. However, you might be able to start the end-of-lease negotiation in some cases. 
  • An early lease buyout can be beneficial if you don’t want to deal with mileage restrictions and other penalties. In this case, the price of the vehicle is determined by how much is still owed on the lease.

Find Your Next Vehicle at Don Sangster Motors, Inc. Today!

Now that you know more about how to negotiate car lease buyout, come stop by Don Sangster Motors, Inc. for more information! While you’re here, browse through our new vehicle inventory, and visit our finance center to begin the end of lease negotiation. Be sure to use our new vehicle specials to save big near Kellogg, ID!

More from Don Sangster Motors, Inc.

  • What is the 2023 Buick Enclave Towing Capacity?

      The new Buick Enclave at Don Sangster Motors, Inc. is a mid-size luxury SUV with plenty of features to enhance and enjoy East Wenatchee roads. How much can a Buick Enclave tow? The 2023 Buick Enclave towing capacity is up to 5,000 pounds when hooked up to the available Trailering Package. That is plenty of weight to tow…

  • 2023 Buick Enclave Gas Mileage

      The 2023 Buick Enclave is a sleek and spacious model that’s packed with high-tech features, but just how fuel-efficient is this SUV on the East Wenatchee roads? The Buick Enclave gas mileage reaches up to 18/26 city/hwy mpg for serious savings in fueling costs. So whether you’re commuting to work in East Wenatchee or taking the…

  • 2023 GMC Acadia Interior

      If you are wondering what is in a 7-seater GMC Acadia interior, be sure to check out the dimensions, cargo spaces, and state-of-the-art features at Wenatchee. Taking a look at the 2023 GMC Acadia inside, you will find state-of-the-art features and materials to enhance your East Wenatchee commutes. Contact us if you would learn more…

Search
Contact
Chat With Us!
Search
Join Text Club
Contact Us
Glovebox
Chat With Us!
Don Sangster Motors, Inc. 47.4338, -120.3237.