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Want to own your leased vehicle? Buy it. Figure out a lease buyout for your vehicle and calculate your payoff amount in four easy steps with this handy guide.
Lease buyout taxes are one of the costs that come with purchasing a leased vehicle. Learn how they work to properly plan for your buyout and avoid surprises.
Learn several differences between a lease payoff amount vs. buyout price when leasing a vehicle and explore your alternatives in different leasing scenarios.
Even if you're certain you want to buy out your lease, buying at the right time might save you money. There are two types of buyouts: an end-of-lease buyout and an early lease buyout.
At least 60 days before the end of the lease, decide whether you plan to buy out the current lease on your Ford or return the vehicle and get a new truck, SUV, or electric car.
A bargain purchase option is given to the lessee. This is an option that allows the lessee, upon termination of the lease, to purchase the leased asset at a price significantly lower than the expected fair market value of the asset. The life of the lease is equal to or greater than 75% of the economic life of the asset.
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