How to Calculate a Lease Buyout

2021 Porsche Cayenne Colors

You love the car you’re leasing. But your lease is about to run out. Does that mean you have to give up the car? No! You can buy it. Our Finance Center has helped Farmington Hills customers just like you learn how to calculate a car lease buyout. We’ll be happy to help you, too. In the meantime, check out our informative guide below on how to calculate a lease buyout.

How to Calculate a Car Lease Buyout – 4 Steps

The first step in buying a car that is under lease is to calculate the buyout. That’s how you’ll know how much to offer. But if you don’t know how to calculate a lease buyout, don’t feel bad. Neither do most people! It’s not that hard to do, though. Just follow the simple steps below.

  • Find your car’s residual value. The “residual value” of your car is how much it is expected to be worth at the end of your lease. This should be stated on your lease contract.
  • Figure out your vehicle’s actual value. Of all the steps in our “how to calculate a car lease buyout” guide this is the easiest. All you have to do is to enter your car’s information in our online “Value Your Trade” tool.
  • Identify which value is higher. This determines whether you’re making a good deal by opting for a lease buyout. If your car is worth more than the residual value, then a lease buyout is a smart purchase. What if your car is worth less? Our Farmington Hills customers often negotiate a lower price in that situation.
  • Add sales tax, license, and registration to your final cost. We know this can be complicated, so our Finance Department will be happy to help you to figure all of this out.

Let the Finance Managers at Fred Lavery Porsche Company of Birmingham Help

We make it easy for you to get behind the wheel of your next vehicle. You can even apply for financing online. Our dealership is just a short drive away from Bloomfield Hills, but you can also browse our entire inventory from the comfort of your own home! So, drop by or contact us today!

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