should you buy out your car lease?

Your car lease is coming to an end, but you love your car and aren’t quite ready tolet it go. Should you buy out your car lease?

Owning your previously leased vehicle could make financial and practical sense. You can skip the shopping stage and stay in a vehicle with a known history and drivability rather than take a chance on another used car.

Here’s what to consider before making a decision.

When you reach the end of your lease agreement, you have the option of returning the vehicle to the dealership or taking the buyout option, where you pay to own the car. Some contracts also allow drivers to buy out their lease before the agreement expires.

The buyout price of the vehicle, also known as the purchase price option READ MORE