If you want to buy your vehicle once your Acura lease ends, Acura of Sherman Oaks can help you. It’s common for drivers to buy out their lease; whatever your reason, we’ll ensure the transition is smooth. If you’re considering this, we’re laying out the steps to make it happen.
Know Your Buyout Price
The first step is determining your buyout price. Your lease terms should tell you the cost of buying out your vehicle, including any fees. This will help you determine if buying out your lease is feasible.
While rare, some leases don’t allow you to buy out. Always check your terms first before proceeding, and get in touch with an Acura dealer or Acura Financial Services if you have questions.
Buying Out Early
Depending on your Acura lease terms, you may be able to initiate a buyout before the lease term ends. Any remaining payments and early lease termination fees will typically be added to your buyout price. However, this may be convenient if you want to buy the car earlier.
Contact Your Financer
Ready to start the buyout process? Contact your financing institution and tell them you want to buy out your lease. They’ll gladly tell you what their next steps are.
Lease Buyout Financing
Your financer can help you get the funds necessary to buy out your vehicle if needed. They can help you finance buying out by setting up a vehicle loan. Whether you finance from them or not, they’ll help you transfer the title over to your name.
Consult Our Acura Lease Experts in Sherman Oaks, CA
If you need to buy out your Acura lease, our finance department can start the process. Contact Acura of Sherman Oaks today to discuss all of your options.
