Use Kelley Blue Book or Edmunds to see if your car is worth more than the residual value. If it is, buying it is a great deal.
Dealers inspect off-lease cars and sell them with extended warranties. This is the most "retail" way to buy a leased car.
Be prepared for "purchase option fees" (usually $300–$500), sales tax, and DMV registration costs. ⚠️ Important Considerations
Look at your original lease contract. This is the price you must pay to own the car.
Buying a leased vehicle—often called a "lease buyout"—allows you to take ownership of a car you already know and trust. Most lease contracts include a "purchase option price" that was set when you first signed the paperwork. 🚗 Where to Buy Your Current Lease
If you are currently driving the vehicle, the process is straightforward. You typically have two options for where to execute the buyout:
