Can You Negotiate a Lease Buyout?

Couple sitting at sales desk at dealership

 

We understand that many drivers struggle to decide between buying or leasing when they want to pick up a new Porsche vehicle. After all, leasing might make sense at first thanks to the lower costs, but you might then find yourself in a position to buy in the future. This is actually something of an advantage since you can always lease now and then buy out your lease in the future. 

If you’ve been wondering, ‘can you negotiate a lease buyout?’, just check your contract. Most leasing agreements include an estimated buyout price to provide a good starting point, but you can always try negotiating lower.

How to Negotiate a Car Lease Buyout

If you’ve decided the vehicle you’re driving around Nashua and Manchester should turn from a lease into your own possession, here are a few steps to follow:

  • Do You Research: Research the market to find the market price of your vehicle. If it turns out to be lower than the estimated value on your leasing contract, you’ll be in a good position to negotiate the price lower.
  • Contact Your Financer: You may have secured financing directly through the dealership that provided the lease, but in many cases you’ll have gone outside that dealership. If so, the dealer won’t be the only determiner of the lease buyout price. You can also negotiate directly with the financer to see if they’ll accept a lower total cost. Do this first to ensure you’re in a good position when you start negotiating.
  • Make an Offer: Now you’ve taken the steps detailed above, you can visit your dealership with a lease buyout offer. Dealers like Porsche Stratham will usually be able to offer a lower price if you can show the estimate in the contract is higher than it should be.

Get More End of Lease Negotiation Advice with Porsche Stratham 

Whether you’re a Portsmouth driver wondering how to negotiate a car lease buyout or simply want to talk about other financing options, the team here at Porsche Stratham will always be happy to help. For any further assistance, feel free to visit the showroom or contact us directly.

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