Do you like your car, but you’re ready to end the lease on it? You’ll be glad to know that in many cases you can negotiate an auto lease buyout, just as many of our Westport customers have done. What is a lease buyout? That is when you buy the car that you are currently leasing. Mercedes-Benz of Fairfield wants your lease-end buyout negotiation to go smoothly, so let’s talk about how to negotiate one that works for you.
What is a lease buyout, exactly? There are two ways to do an auto lease buyout: lease-end buyouts and early lease buyouts. Here are the details:
What is a lease buyout if you don’t do your homework? Potentially a bad deal for you. To get a good deal, you want to be able to show that you could purchase your vehicle at a dealership for less than the lease agreement’s purchase price. If you can do that, call the financing institution that holds your lease and make an offer for less than what you owe. Most lenders would rather sell the car to you at a lower price than risk you walking away from the lease.
Our finance managers are also leasing experts and can walk you through all of your lease options. In fact, you should take a look at our lease specials. If you’re thinking about buying, and are open to buying a vehicle other than the one you are currently leasing, check out ournew vehicle specials. We’re just a short drive away from Weston, so come by orcontact us today!
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