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Reply to "Anyone ever lease a car and buy it at the end of the lease?"
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[quote=Anonymous][quote=Anonymous]Just curious about the pros and cons.[/quote] It's a pretty simple equation: When you initiated the lease, the contract stated a residual value of the car. If, at the end of the lease, the car is actually worth more than that residual value, then perhaps you consider buying it assuming you actually liked the vehicle, the model has a reputation for reliability and less expensive repairs, and you have low miles. If the dealer wants to charge you through the nose for damage, etc. that's another factor. Pros: You know the history of the car. Cons: You really overpay for the car unless you can buy it outright for cash at the end of the lease. [/quote]
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