How To Buy A Car Coming Off Lease File

You will likely owe sales tax on the purchase price.

Buying a car coming off lease is a savvy way to get a late-model, well-maintained vehicle at a significant discount. Since lease agreements mandate strict maintenance and mileage limits, these cars are often in better condition than typical used vehicles. 1. Know the "Lease Buyout" vs. "Off-Lease" Market There are two ways to buy a car coming off lease: how to buy a car coming off lease

Check your lease contract; many brands charge a $300–$500 fee to process the buyout. You will likely owe sales tax on the purchase price