Get Directions

5605 Legend Lake Pkwy, Waco, TX, 76712

Menu

 

What Is a Lease Buyout?

Closeup of man signing a contract of car sale.

If you are wondering what a lease buyout definition is, you have come to the right place. A car lease buyout is broken down into two parts. The two types of explanations are early lease buyout and lease-end buyout. At Douglass Nissan of Waco, we can walk you through each option to choose what is best for your lifestyle and preference.

Option One: Lease-End Buyout

A lease-end buyout is when you purchase a vehicle at the end of your lease term. Many McGregor drivers wait until their lease expires. It is an option for those who love their car and are not ready to part with earlier than the end of a contract. Thus, you can choose a lease-end buyout if you fall under these conditions:

  • You secure a low-interest rate to finance your buyout.
  • Your vehicle has had minimal repairs during its lease term.
  • Knowing the maintenance and service history of your car.
  • You like driving your leased Nissan, and there is no other vehicle you want to drive.

Option Two: Early Lease Buyout

When you are still in a lease contract but want to upgrade your vehicle early, you can. An early lease buyout also works to avoid any broken lease agreements, such as extra mileages, vehicle damages, and more. You can avoid penalties with a less common early lease buyout.

You may ask, “How does a lease buyout work?” Perhaps the calculations of an early lease buyout worry you. If so, here are the factors that are taken when calculating an early lease buyout:

  • The amount you still owe on your original lease.
  • The lease-end residual vehicle value.
  • The value depreciation for your vehicle from damages and repairs.

Lease or Finance a Nissan Vehicle Near Hewitt

At Douglass Nissan of Waco is here to help you understand a car lease buyout. If you have any questions, contact us, we have the answers. We are proud to serve Woodway drivers and beyond. Our community matters to us, and we want you to have the best lease or finance options. Therefore, we can help you with a lease-end buyout, an early lease buyout, or a to lease a new vehicle.

Our Finance Department can help make leasing a vehicle an easier decision. You, too, can find out all the options available to you. Let Douglass Nissan of Waco get you behind the wheel of a Nissan!

More From Douglass Nissan of Waco

  • 2023 Nissan Ariya Trim Levels & Features

      Recently, you’ve probably seen a lot of commercials for electric vehicles. There’s plenty of competition coming to the market in a very short time, but which automaker has the best EV? If you’re looking for an EV for the masses, you’ll want to check out the 2023 Nissan Ariya, making its way to Woodway…

  • 2022 Nissan Armada Trim Levels

      If you’re looking for an SUV that can fit just about anyone or anything inside, you’ll love the 2022 Nissan Armada. This is a full-size SUV with seating capabilities of up to eight and with the five total trims offered on this Nissan SUV, you’ll have plenty of room to choose as well! Douglass Nissan of Waco…

  • 2022 Nissan Rogue Sport Colors

      How can one car look so great in so many different colors? We don’t know, but the new Nissan Rogue Sport manages to do just that. Did you know that there are eight different 2022 Nissan Rogue Sport colors to choose from? And regardless of which color you select, this SUV is sure to…

Search
Glovebox
Contact
Chat
Search
Contact Us
Glovebox
Chat
Douglass Nissan of Waco 31.4953608, -97.1605975.