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Lease Buyout or Return for my 2022 Honda HR-V AWD LX?

Shawn Ryder

No Additional Costs : Buying the car means avoiding additional charges for excessive wear and tear or exceeding mileage limits often associated with lease returns. Disadvantages of Lease Buyout Higher Upfront Costs : A lease buyout may require a substantial down payment, which can be a financial barrier for some.

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

Shawn Ryder

Residual Value: This is the predetermined buyout price of your vehicle at the end of the lease. Excess Mileage or Wear Fees: Evaluate if youve exceeded the mileage limit or if theres any damage to the vehicle, as this may influence your decision. Step 2: Review the Buyout Price Next, obtain the buyout price.

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Lease buyout at market value instead of residual value?

Shawn Ryder

However, the option to negotiate a buyout price based on the vehicle’s current market value can often provide more flexibility and financial benefit. Importance: Provides the guaranteed buyout price at the end of the lease, ensuring predictability for both dealer and lessee.

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