Lease Then Buy at Buying

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Lease Then Buy. You can buy the car and keep it, or sell it to a dealer or private party. For example, they may or may not include a set price.

BUYING LAND AND HOMES IN GHANA / HIVE ESTATES
BUYING LAND AND HOMES IN GHANA / HIVE ESTATES from www.modernghana.com

New and used car prices are higher. At the time of the lease agreement, the equipment has a fair value of $166,000. If you lease for 3 years and then take out a 5 year loan for the buyout, you'll be paying interest for 8 years!

BUYING LAND AND HOMES IN GHANA / HIVE ESTATES

There is no bargain purchase option because the equipment will revert back to the lessor. If the purchase option price is higher than the current value of the car, then it’s probably not a good idea to buy out your lease. To buy or not to buy your leased car. On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end.