Buying A Leased Vehicle Info

Buying out a leased vehicle involves purchasing the car at the end of a lease term, a move that is advantageous if the market value exceeds the predetermined residual value. The process requires checking the contract for fees, securing financing, notifying the lessor 60–90 days in advance, and transferring the title through the DMV. For a detailed guide on this process, visit Navy Federal Credit Union .

AI responses may include mistakes. For financial advice, consult a professional. Learn more Should You Buy the Car You're Leasing? - Consumer Reports buying a leased vehicle