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If your lease contract is up and you want to get a car at a different dealership, learn which car dealers will buy out your lease so you can make a good trade.
When you buy out your lease, you purchase the car at the end of your lease agreement by paying the dealership the remaining value. Not all leases allow buyouts, but it's pretty common.
Right now, used vehicles' current market values are several thousand dollars higher than the residual value.
In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
Vehicle remarketing is the controlled disposal of fleet and leasing vehicles that have reached the end of their fixed term. In vehicle leasing, after the lease expires, the lessee either returns the vehicle to the supplier or buys it. The vehicles that are not purchased by the driver become an unwanted asset for the fleet or leasing company ...
The monthly payment amount is determined by the amount of the initial payment (the ‘deposit’), which can be negotiated with the financing company, and the final balloon payment, which is set by the financing company. The financing company is likely to be represented in this discussion by either a car dealer or automotive finance broker. [6]
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