If you went over your mileage limit or have some minor "wear and tear" scratches, buying the car at the end of the lease usually wipes those extra charges away. Things to Consider
When you sign the lease, the dealer sets a "residual value." This is the pre-determined price you can buy the car for at the end of the lease. lease car then buy
Unless you have the cash ready, you’ll need to apply for a "used car loan" to cover the residual price at the end of the lease. If you went over your mileage limit or
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Leasing a car with the intent to buy it later—often called a —is essentially a long-term test drive that ends in ownership. It’s a strategic move for drivers who want lower monthly payments now but want to keep the car for the long haul. Here is how the process works and why you might choose it: How it Works