Current Events > What's the process of buying out your auto lease?

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lww99
09/22/18 10:49:41 AM
#1:


This will be my first time, so just looking for some advice.

I'm about to go up to my bank and see what they would quote me for an auto loan. My residual will be around 15k, with less than 20k miles.
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roos1046 Reborn
09/22/18 10:54:47 AM
#2:


you go to the dealership and say I want to buyout my lease
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lww99
09/22/18 10:58:44 AM
#3:


roos1046 Reborn posted...
you go to the dealership and say I want to buyout my lease


Do I need to go to my bank first though? Or do I get the loan through the same people who I leased through
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lww99
09/22/18 11:27:53 AM
#5:


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Hexenherz
09/22/18 11:31:49 AM
#7:


... Sorry I didn't see "buy out the lease".

You will want to coordinate that with the dealership.

If you need a loan you can get pre-approval through your bank, but it's sometimes worth it to also have the dealership check with their bank just to see if they can get you a more favorable deal (hey, doesn't hurt to get a second opinion :\).
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lww99
09/22/18 11:36:10 AM
#8:


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