What Is a Lease Buyout?

What is a lease buyout? Compared to buying, an auto lease will grant you access to the latest tech and amenities at a lower month-to-month cost. Most San Mateo drivers decide to lease a new vehicle when their lease expires, but what happens if you love your leased BMW and want to keep it? In a car lease buyout, you buy your leased vehicle from the dealership at a predetermined price. How does a lease buyout work if your lease has not yet expired? You can still buy out your leased BMW with an early lease buyout. Join the Peter Pan BMW team for a close look at early lease buyout and lease-end buyout options, and connect with our auto finance experts for more info.

Lease-End Buyouts in San Mateo, CA

Looking for a lease buyout definition to decide if it’s the best route to owning your BMW vehicle? As we note above, you have two car lease buyout options: the early lease buyout and the lease-end buyout. Lease-end buyout means you purchase your leased vehicle at the end of your lease term.  Most San Mateo drivers opt for a lease-end buyout, but how do you know if it’s the right choice? A lease-end buyout may be right for you if:

• You can finance your car lease buyout with a low interest rate.
• Your BMW vehicle required minimal repairs during your lease term.
• You feel most comfortable knowing everything about your car’s service and maintenance history.
• Your leased BMW is the perfect car for you, and no other similarly-priced car will do.

Early Lease Buyouts at Peter Pan BMW

Fewer drivers in San Mateo opt for early lease buyouts, but in some circumstances it’s the most cost-effective option. In early lease buyout, you purchase your leased vehicle before the original lease term has ended. This type of car lease buyout may be best for you if you’re concerned about penalties for excessive mileage or vehicle damage. If you choose an early lease buyout, you’ll want to get the best possible price when you buy. So what is a lease buyout price determined by? Multiple factors impact how much you’ll pay to purchase your leased BMW, including:

• Amount still owed on the original lease.
• Residual vehicle value on the original lease contract.
• Amount of depreciation due to damage and repairs.

Find Fantastic Lease and Finance Offers at Peter Pan BMW

If you need more detailed lease buyout definitions, don’t hesitate to connect with the Peter Pan BMW team. We’re here to answer frequently-asked auto finance questions like and provide all of the car buying tips you’ll need to move forward with confidence.Check out our BMW lease and finance offers in San Mateo and apply for auto financing online to get started today!