N00b Lease Buyout Question
Hi, all. I'm looking hard at the 2020 Kia Stinger GT1 and have been reading up on lease buyout details. I'm completely new to the process and have a question I've been unable to find a good discussion on.
I see that the residual value and lease cash can depend on length and mileage terms of the lease. However, if I plan to buyout the lease as soon as possible, do those terms need to reflect my real driving habits? Do they matter in any other way than affecting residual value and lease cash? For example, I drive about 15 to 20k miles a year. Do my lease terms really need to reflect that if I plan on buying out the lease?
Any info is appreciated. Thanks.
I see that the residual value and lease cash can depend on length and mileage terms of the lease. However, if I plan to buyout the lease as soon as possible, do those terms need to reflect my real driving habits? Do they matter in any other way than affecting residual value and lease cash? For example, I drive about 15 to 20k miles a year. Do my lease terms really need to reflect that if I plan on buying out the lease?
Any info is appreciated. Thanks.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Otherwise, the term of the lease has no effect, if you are immediately buying it out.
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