Can You Negotiate a Lease Buyout?

Are you coming to the end of your lease, but love your car and want to keep it? Have you come to realize you’re putting more miles on your car than your lease calls for? You might be better off just buying your car. But can you negotiate a lease buyout? Yes, our Finance Center has helped plenty of Birmingham customers with an end of lease negotiation. So, let’s talk about how to negotiate a car lease buyout.

Two Kinds of End of Lease Negotiations

There are two kinds of end of lease negotiations:

• Lease-end buyout. This happens at the end of your lease. The terms of this buyout are usually spelled out in your lease agreement. But in some cases, you can still negotiate the price.
• Early lease buyout. Can you negotiate a car lease buyout if your lease is not about to end? Yes! You will need to do your research in order to get favorable terms. But this option can save money for many Rochester Hills drivers.

How to Negotiate a Car Lease Buyout

The secret of how to negotiate a car lease buyout before the end of your lease lies in your research. Ideally, you want to able to show that you could purchase your vehicle at a Porsche Center for less than the lease agreement’s purchase price. If you can do that, call the financing institution that holds your lease and make an offer for less than what you owe. You will want to do this well before your lease ends. Can you negotiate a lease buyout if you can’t show your car’s current market value is less than the lease agreement’s purchase price? Yes, but you’ll have considerably less leverage.

Talk to Our Finance Managers About All of Your Lease Options

The finance managers at Fred Lavery Porsche Company of Birmingham can walk you through all of your lease options. In fact, you should take a look at our national lease offers. And, while you’re here, check out our new vehicle deals. We’re just a short drive away from Bloomfield Hills, so come by or contact us today!