Leasing a car with the intention of buying it later—often called a lease buyout —can be a smart move or a costly mistake depending on how the numbers shake out at the end of your term. 1. Why It Might Make Sense
Buying the car lets you skip expensive fees for extra mileage or minor wear and tear that you’d otherwise have to pay if you returned it.
You already know the vehicle’s full history, maintenance record, and how it drives.