Lease Car Then Buy Official

Unless you have the cash ready, you’ll need to apply for a "used car loan" to cover the residual price at the end of the lease.

You drive the car for a set term (usually 3 or 36 months) while paying for its depreciation rather than the full purchase price. lease car then buy

You get several years to see if the car fits your lifestyle, has mechanical issues, or if you truly enjoy driving it before committing to a 10-year relationship. Unless you have the cash ready, you’ll need

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Leasing a car with the intent to buy it later—often called a —is essentially a long-term test drive that ends in ownership. It’s a strategic move for drivers who want lower monthly payments now but want to keep the car for the long haul. Here is how the process works and why you might choose it: How it Works