Should You Consider a Buyout Convenient After You Lease Ends?

When a car lease period comes to an end, you have to weigh your options. Most lease contracts have a buyout option after the period lapses. Here are some of the factors you need to consider before reaching your decision.

  • The Present Value/Market Value: Make comparisons between the buyout price and the average market rate. If the buyout price is lower than the current value, it might be worth it.
  • Future Reliability: Since you have spent a significant amount of time using the vehicle, you can predict its performance and base your decision on the same.
  • Repair History: the number of times you have repaired the vehicle can determine whether it is a good or bad purchase.

The decision to purchase a vehicle after lease may also be dependent on other personal factors. Whatever drives your decision, the finance center at Volvo of San Antonio can help.

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