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Should You Buy Your Leased Car?

Edmunds.comEdmunds.com Posts: 10,059
edited September 2014 in General

imageShould You Buy Your Leased Car?

In deciding whether to buy out your car's lease, consider not only how much you like the vehicle, but also its residual value and True Market Value.

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Comments

  • did you look into leasing other vehicles first and just couldent find a sports car or a newer miata to lease? or did you just have a special connection with this mazda? buying your leased car just doesent seem like a smart move considering you pay one and a half the money versus financing the vehicle from the beginning. did you get your deposit back after purchasing the vehicle and did that play into your decision into purchasing the vehicle? (lets say you got 3 thousand back then your loan would have been 12-13k instead of 17k making the monthly payments about half what a lease would be? )
  • Thanks for clearing up the confusion I had between using the trade in value or private party price when comparing to the residual value.
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