Can You Negotiate a Lease Buyout?

Buying and leasing vehicles both have their benefits for Escondido drivers. Did you lease your car and now you want to know, can you negotiate a lease buyout so that you can own it? Generally, yes you can! Most lease agreements at MINI of Escondido include an estimated buyout price in the contract, but sometimes it’s possible to negotiate an even better deal! Find out how to negotiate a car lease buyout, and if you have questions contact the finance department at MINI of Escondido.

Tips for End of Lease Negotiation

When wanting to know how to negotiate a car lease buyout, there are a few things you should keep in mind to make sure you get the price you want and keep that daily commute to San Marcos just the way you want it:

Research vehicle prices: Typically you’ll see an estimated buyout price for the end of your lease contract included in the agreement. If you find that the current market value for the vehicle is much lower than that designated price, you’ll have the leverage to negotiate an even better price.
Speak with your vehicle lender: If you financed your car through the dealership, you can go directly to them. If you used a bank to finance your vehicle, your dealer may not be the sole determiner of the lease buyout price. Contact your lender directly to see if they’ll accept a lower price for the vehicle and to see if there are any car lease early termination fees that you may need to pay. With this knowledge, you can begin your end of lease negotiation.
Make an offer: After you’ve done your research, approach your lender with an offer. If you can show that the amount in the contract is inaccurate, they will generally agree to a price closer to what you’re asking.

For more information and car buying tips, feel free to contact the friendly finance specialists at MINI of Escondido.

Buy or Lease a Vehicle From MINI of Escondido

If you live around Carlsbad and are thinking of purchasing or leasing a new vehicle, give the sales team at MINI of Escondido a call. We can explain further how to negotiate a car lease buyout and make the end of lease negotiation hassle-free. Now that you can negotiate a lease buy out, what are you waiting for? Contact us today. We’re always happy to help! Want to find more car-buying tips and tricks? Check out our online guides to learn what CPO means and more!

New vehicle pricing includes all offers and incentives. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at 760-615-0362 or by visiting us at the dealership. **With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 5.9% interest and 20% downpayment. New vehicle pricing includes all offers and incentives. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. Used vehicle pricing is valid for 24 hours and may change up or down based on market conditions before the next business day. Pricing does not include dealership installed SWAT Recovery for $995 or 3M ClearShield for $395. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at (760) 745-3000 or by visiting us at the dealership. **With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 36 month term, 5.9% interest and 10% downpayment. † Based on 2020 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle.

MINI of Escondido 33.1165134, -117.1079991.

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