Due to the recent weather crisis, our Service Department will be open extended Saturday hours in the month of February to take care of all of your needs. Our Service dept will be open from 7am - 6pm. Thank you and please stay safe!
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Have you recently gotten a car lease in Houston and decided you want to buy your leased car? The finance experts at Baytown GMC Buick can help. Learn more about how much you’d be paying with our team using our guide on how to calculate car lease buyouts on leased vehicles and more in the meantime!
In your monthly statement, you may see the terms Buyout Amount or Payoff Amount. The buyout amount includes the residual value of the vehicle at the start of the lease, the total remaining payments, and possibly a car purchase fee (depending on the leasing company). If you don’t see this value listed, or if you prefer to do your own calculations on your lease buying, follow the steps below:
Lease-End Buyouts: If you’re getting closer to the end of your lease, you’ll most likely be able to negotiate a better buyout price. If the dealer thinks you’re planning on selling it back to them, they may offer you a better deal to keep the vehicle.
Early Lease Buyout: You won’t really have much wiggle room negotiating the purchase price if you are trying to end your lease agreement early. Whether due to too much vehicle wear and tear or danger of exceeding the mileage limits, the dealer knows they have more leverage in the situation if you are trying to prematurely end your lease.
Should you have any questions about lease buyout loans, auto loan interest rates, or how to get the process started, contact our team. Our finance experts are standing by to ensure you have all the information you need to make the right choice for you and your driving needs.
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Interested in the 2021 Buick Enclave but looking to learn more about the Buick Enclave gas mileage? At Baytown GMC Buick, we’ve put together this helpful guide to show you the power, convenience, and fuel efficient ratings of this new Buick. This model is equipped with a 3.6L V6 engine paired with a 9-speed automatic…