Lease Car Then Buy -

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.

You drive the car for a set term (usually 3 or 36 months) while paying for its depreciation rather than the full purchase price. lease car then buy

Leasing typically requires a smaller down payment and offers lower monthly installments than a traditional auto loan. When you sign the lease, the dealer sets a "residual value

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. Unless you have the cash ready, you’ll need

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

At the end of your term, you can either return the keys or pay that residual price (plus any fees) to own the car outright. Why Lease-to-Buy?

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