Can You Negotiate a Lease Buyout of Your Car?

signing a lease

You’ve driven your lease vehicle for awhile now, and you’ve put a lot more miles on it driving around the Lakewood area than you expected. Now you’re worried about the excessive mileage or wear and tear fees that might come up at the end of your lease. Or maybe you like your car and believe you may be able to get lower payments if just purchased it outright. You’ll be glad to know that in many cases you can negotiate a lease buyout. Honda Universe of Lakewood wants your end of lease negotiation to go smoothly, so let’s talk about how to negotiate a car lease buyout.

Two Kinds of End of Lease Negotiations

There are two kinds of end of lease negotiations – a lease-end buyout and an early lease buyout. Here are the details:

Lease-end buyout. This happens at the end of your lease. The terms of this buyout are usually spelled out in your lease agreement. But in some cases, you can still negotiate the price.

Early lease buyout. You can negotiate a lease buyout before the end of your lease, in many cases. You will need to do your research in order to get favorable terms. But this option can save money for many Toms River drivers.

How to Negotiate a Car Lease Buyout

The secret of how to negotiate a car lease buyout before the end of your lease lies in your research. Ideally, you want to able to show that you could purchase your vehicle at a dealership for less than the lease agreement’s purchase price. If you can do that, call the financing institution that holds your lease and make an offer for less than what you owe. Most lenders would rather sell the car to you at a lower price than risk you walking away from the lease. But you will want to do this well before your lease ends.

Talk to Our Finance Managers About All of Your Lease Options

Our finance managers are also leasing experts and can walk you through all of your lease options. In fact, you should take a look at our Honda Universe lease deals or learn more about GAP insurance coverage and extended warranties. If you’re thinking about buying, and are open to buying a vehicle other than the one you are currently leasing, check out our new vehicle deals. We’re just a short drive away from Manahawkin, so come by or contact us today!

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(732) 587-6306

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1085 Ocean Ave (Route 88) • Lakewood, NJ 08701

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Honda Universe

1085 Ocean Ave (Route 88) Lakewood, NJ

Phone: (732) 587-6306


Phone: (866) 224-2043

1085 Ocean Ave (Route 88) Lakewood, NJ


Phone: (888) 214-5521

1085 Ocean Ave (Route 88) Lakewood, NJ


Phone: (866) 415-9593

1085 Ocean Ave (Route 88) Lakewood, NJ
40.0844487 -74.1735865
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Honda Universe
Honda Universe
1085 Ocean Ave (Route 88)
Lakewood, NJ, 08701 United States
(732) 587-6306
Honda Universe 40.0844487, -74.1735865.