Ask Terry Questions Lease care? Buy it out?!

Lease care? Buy it out?!

By Terry Savage on February 28, 2022 | Credit/Debt

My lease is coming to an end in 4 months-
With inflation & higher car prices & a limited in come , is this a smart move?
I love the safety of a new car However my car is a 2019 with about 21k mile , perfect condition-
I would need a loan ?!

Terry Says

They set the buyout price at the origin of your lease — two or three years ago! Now that is a bargain, given rising prices for used cars. Plus you know all about this car, and have kept it in good condition. Exercise you option to BUY IT — and get a loan from your credit union, not the dealer!

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