Buying out my lease of Honda CRV Touring 2020 ?

I have less than 4 months left in my lease with 2 payments left (just made one few days ago) and I have been hammared with dealers offers to buy my car. But it's the only car I have.
CRV Touring CRV
Mileage: < 20,000
Serviced every 6 months at Honda Dealer
Today's Purchase price per Honda payment website: < $23K
I am leaving to another state in less than 2 years from now and not sure if getting a new leased car would be a good option after this current lease ends. I am also hesitant to buy out my lease but the market is crazy for new cars. Looking at similar used cars prices, they are +$30K! So buying out for < $23K does not seem bad!
1) In case you advise to buy out the lease, do I have to pay $23K at once to avoid interest? or there are ways to split payments without adding interest?
2) I have a lot of equity on my current lease because of low mileage, well-serviced and Honda incentive to lease another car. This would give me a discount of at least $2K as a trade in. Would you guys recommend leasing a new car instead of buying out my lease?
CRV Touring CRV
Mileage: < 20,000
Serviced every 6 months at Honda Dealer
Today's Purchase price per Honda payment website: < $23K
I am leaving to another state in less than 2 years from now and not sure if getting a new leased car would be a good option after this current lease ends. I am also hesitant to buy out my lease but the market is crazy for new cars. Looking at similar used cars prices, they are +$30K! So buying out for < $23K does not seem bad!
1) In case you advise to buy out the lease, do I have to pay $23K at once to avoid interest? or there are ways to split payments without adding interest?
2) I have a lot of equity on my current lease because of low mileage, well-serviced and Honda incentive to lease another car. This would give me a discount of at least $2K as a trade in. Would you guys recommend leasing a new car instead of buying out my lease?
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Comments
2. The advantage to having equity is that it will help reduce the payments on the next lease. We can't tell you to lease again or buy out your car, but you've noted that you couldn't buy your car on the open market for what you can pay for yours.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the downside of buying out my lease?
There will be sales tax and fees added to the buy out price, based on state and bank regulations.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Buyout price is non-negotiable.
I don't think Honda Finance cares how you pay for the car, but I do expect them to get the entire amount at one time.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige