What is A Lease Buyout? 

Why Choose a Car Lease Buyout? 

There are multiple factors that may compel you to opt for a car lease buyout:

• You know the vehicle’s history
• You’re familiar with its handling, drivability, features and more
• You bypass potential disposition fees, excess mileage fees, and/or wear and tear fees

How Does a Lease Buyout Work? 

As mentioned above, there are two ways Red Bank and Freehold drivers can enact a car lease buyout. By the corresponding lease buyout definitions of a lease-end buyout or an early car lease buyout, you can decide which option is best for your current Ocean lifestyle, financial situation, and timeline.

Lease-End Buyout

As the name implies, a lease-end buyout entails bringing your vehicle under your ownership at the end of your lease term. Rather than returning the vehicle to the dealership and/or trading it in for a new model, you will purchase your previously-leased vehicle for its current value. Compare your model’s estimated current market value to the original valuation on your lease term to determine if this is a financially advantageous option for you!

Early Lease Buyout

Again, as implied, an early lease buyout means you’ll purchase your vehicle before the lease-term is up. Be sure to inquire about potential early termination fees associated with an early lease buyout and factor in if that is still a financial win for you. 

Acura Lease Offers from Acura of Ocean Finance Center

Whether you’re interested in a car lease buyout of your currently-leased Acura model or you’re curious about new Acura lease offers, our Acura of Ocean finance team is here to help our Asbury Park and Colts Neck neighbors like you find a plan that works. Contact us today to learn more regarding how does a lease buyout work or for a deeper explanation about the car lease buyout definition.