Buy-Outs: Convert NY, NJ & CT Lease To Financing

Auto Lease Buy-out Specials NY, NJ & CT

VIP Offers Exclusive Buyout Programs For Our Clients From All The Top Manufacturers. Buyout Your Lease Now & Profit Big. After Buying Or Converting To Financing You Can Upgrade To A Brand New Car In Minutes. (Queens, Brooklyn, Bronx, Manhattan & SI), NJ & CT. Call Now Use The Adjacent Form.



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What You Need To Know About Your Lease Buyout

If you’re considering a lease buyout, you have some thinking and math to do before making your decision. Depending on your contract, you may be able to purchase your leased car for the buyout price — which should be noted in your contract — by the time or before the contract is up. Just like when buying a used car, you can usually finance the transaction or pay cash. But how do you know when a lease buyout makes sense?  We can assist you in the decision making process. Our relationships with all the major auto financing banks will make the buyout more profitable for you as well.  We guarantee you the best rates possible along with a very smooth transaction process.

Keep Reading, You're Almost A Buyout Expert

Doing a bit of research and running the numbers can help you make a more informed decision. Most importantly, having the right bank financing contacts and connections can make the biggest difference for your pockets. If a buyout option was part of your lease agreement, you typically have the option to buy your leased vehicle at the end of your lease term. The alternative is to return the car to the dealership. The car dealership option is almost always a financial mistake as you will pay a premium for this. We recommend avoiding this route at all possible costs.

What To Consider Before Buying Out Your Lease

When deciding whether to buy out your lease, you should consider a number of factors to determine if it’s a sound financial move.

» The value of the car in its current condition.
» The mechanical history of the car.
» Whether you’ll have to pay excess mileage charges.
» Whether you’ll have to pay reconditioning or excess wear-and-tear charges.
» Whether you can line up financing and afford the monthly payments.

Let’s say, for example, the lease buyout price listed in your contract is $14,500, and you would have to pay $1,250 in excess mileage fees and $850 in excess wear-and-tear charges if you return the car to the dealership. But the car is in great mechanical condition and is currently valued at $14,500 just as predicted, even after considering the excess mileage and wear-and-tear. And you love the car and you’d be able to easily finance the buyout with affordable payments.

In this example, it may make sense for you to purchase the car. By doing so, you’d avoid paying $2,100 in fees you’d have to pay by turning in the car.

Let’s take a look at another example, where the lease buyout price is the same at $14,500 but for a different type of car. You followed the lease terms exactly and had no excess mileage charges or excess wear-and-tear. While the car is in excellent condition, its appraised value is only $10,000 in its current condition.

Even if you love the car, taking advantage of a lease buyout in this situation may not be ideal because you could likely buy a similar car in a similar condition for $10,000 elsewhere. If you did complete the buyout, you’d be paying a $4,500 premium to keep your exact car. This situation mentioned above is very rare in today’s market. The shortage of new cars has put a big premium on the value of your used car.

Depending on your situation, a lease buyout could make sense for you. Or you may want to turn it in and lease a new car. Running the numbers with our auto loan calculator could help you decide.

Don’t forget to compare buying a used car to your lease buyout price to see if you can get a better deal on a similar used vehicle elsewhere. While you won’t have the comfort of knowing the vehicle’s past like you would with a lease buyout, you may be able to save some money.

Regardless of your situation, we are here to negotiate for you and give you the best possible rate and a seamless transaction process. We have relationships with every single auto finance company (listed below) and are in your corner throughout the entire bout.

Ally Financial
US Bank
Chase Bank
GM Financial
Chrysler Capital
Nissan Financial
Acura Financial
BMW Financial
Honda Financial

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VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

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