How to Calculate a Lease Buyout

Hands Doing Calculations with Calculator

We get it. You love your car, even if it is a lease. And you’re not ready to get rid of it. You don’t need to. You can buy it. Our finance department has helped Canton customers just like you learn how to calculate a car lease buyout. We’ll be happy to help you, too. To get started, check out our informative guide below on how to calculate a lease buyout.

How to Calculate a Car Lease Buyout in 4 Easy Steps

Before you offer to buy your car, you’ll need to know how much it will cost to buy out your lease. 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.

How to Calculate a Lease Buyout

  • Look up your vehicle’s residual value. Your lease contract should state how much your car is expected to be worth at the end of your lease. This is the “residual value”.
  • Find your car’s actual value. This might be the easiest step in this whole “how to calculate a car lease buyout” guide. All you have to do is to enter your car’s information in our online “Value Your Trade” tool.
  • Determine which value is higher. You’re making a good investment if the actual value is higher than the residual value. What if it’s not? Our Hartford customers often negotiate a lower price in that situation.
  • Don’t forget to factor in sales tax, license, and registration. The state’s DMV site should have this information. Add these taxes and fees into your calculated cost. We know this can be complicated, so our finance department will be happy to help you to figure all of this out.

Talk to the Finance Department at Acura of Avon

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 both West Hartford and Manchester, but you can also browse our entire inventory from the comfort of your own home! So, contact us today!

Acura of Avon 41.8240596, -72.8799912.