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Learn how to navigate your Honda lease buyout options so you can purchase your car from the dealership when your contract ends and stay in the vehicle you love.
Fortunately, there may be another option: buying out your lease. Car leases usually allow lessees to either return the car, trade it in for another, or buy it at the end of the lease period ...
A trade-in is also usually only an option when you buy or lease your new car from the same dealership as your current car lease. Most of the options available to terminate your lease early come at ...
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
The lessor transfers ownership of the asset to the lessee at the end of the lease term. 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 ...