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Lease expires in 5 days, what happens if I go beyond the expiration date to buy it out?

Shawn Ryder

As a car lease approaches its expiration date, one of the most common questions lessees ask is, “What happens if I go beyond the expiration date to buy it out?” Residual Value: This is the predetermined buyout price of your vehicle at the end of the lease. This can save you from unexpected costs later.