What Is a Lease Buyout?

Couple sitting at sales desk at dealership

Lease buyout definition: When you renegotiate your lease contract so that you can finance the car to buy it. Whether Humble drivers are interested in purchasing the vehicle they’re currently leasing, or they’re curious about what their financial options are should they choose one of our lease specials, you’re in the right place. We’re going to go over everything you need to know about a car lease buyout. So, how does a lease buyout work? Let’s find out.

Lease-End Buyout

What is a lease car buyout? Sugar Land drivers know our aforementioned lease buyout definition, but any answer to the question, “How does a car lease buyout work?” should cover the two types of car lease buyouts: lease-end buyouts and early lease buyouts.

With a lease-end buyout, you will be expected to make finance payouts towards the residual value of the car after your lease contract is up. Normally, this price point is agreed upon before you sign the lease agreement. This choice is a good deal if:

  • There have been little to no repairs since you’ve had the car
  • You love your vehicle vehicle
  • There aren’t other models at a similar price point that you like better
  • The dealer offers you a competitive interest rate on your finance contract

Early Lease Buyout

Can’t wait till the end of your lease term? In many cases, you’ll have the option to pursue an early lease buyout. Not all contracts allow this, and in some cases, you’ll have to pay a fee to break your lease so you can finance your car. Keeping that in mind, in order to determine whether or not an early lease buyout is worth the investment, you’ll want to consider the following:

  • The lease-end residual value on your original contract
  • The amount you still owe on the lease
  • If the vehicle has depreciated quicker and is below market value, you might have to pay the difference

After reviewing this information, determine whether or not an early lease buyout is worth the investment. If you need help crunching the numbers, give us a call at (832) 912-2500.

Explore Our Selection of Lease Offers in Houston

Now that Cypress drivers have a car lease buyout definition for the question, “What is a car lease buyout?” and an answer to the question, “How does a car lease buyout work?”, if you have any more questions about this process, don’t hesitate to reach out to the financiers at Northwest Chrysler Jeep Dodge Ram. Do you have other questions about car shopping? Be sure to check out our guide on whether to lease or buy!

More From Northwest Chrysler Jeep Dodge Ram

  • 2022 RAM 1500 Trim Levels

      When Humble drivers need the job done right, they know to turn to a new RAM vehicle. RAM trucks, specifically the RAM 1500, have been trusted by hard workers everywhere for a long time. It not only provides plenty of performance and capability but also a cabin packed full of features and technology. Fortunately,…

  • 2022 Grand Wagoneer Interior

      When you’re looking for the perfect vehicle for your growing Humble family, you may be having a hard time finding something that checks off all your boxes. Fortunately, the 2022 Grand Wagoneer is here to show you the true meaning of the perfect family SUV. The 2022 Grand Wagoneer has an exterior design that’s…

  • 2021 Jeep Grand Cherokee L Interior

      The new Jeep Grand Cherokee L has been redesigned to ensure a spacious and entertaining drive for any Humble driver. Is this model right for you? Take a closer look at the new Jeep Grand Cherokee L interior features, dimensions, and more for yourself with our team at Northwest Chrysler Jeep Dodge Ram to see just how comfortable…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us

19616 Northwest Fwy • Houston, TX 77065

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7am-6pm

Contact Us

Sales (832) 912-2500

Service (832) 912-2530

Parts (832) 912-2540

Today's Hours

Open Today Sales: 9 AM-8 PM

Open Today Service: 7 AM-6 PM

Northwest Chrysler Jeep Dodge Ram 29.9120737, -95.6116387.