Should I buy my car after the lease?


Should I buy my car after the lease?

With only a couple of months left on your lease, time is running out to decide if buying your leased car makes more sense than turning it in. Leasing is an entirely different ballgame than purchasing a car. Ultimately, you are renting the car from its owner, the leasing company, and are responsible for its condition at the end of the lease term. You must choose between handing the car back to the leasing company or negotiating a deal to buy. If the car is in good shape and you have managed to keep the kilometers driven within the limits spelled out in the lease, you can pretty much just hand over the keys and walk away. However, what happens if you want to buy the vehicle when your lease is up? In this blog by Pfaff Leasing, we share some information about buying your car after the lease. 

If the car is still in great shape 

You’ve done everything right while this car was in your care. You’ve maintained it to the manufacturer’s specifications, you’ve driven it responsibly and kept its sheet metal unblemished and it’s interior spotless. There is not another used car on the market that you can have more confidence in than the one you’ve been driving for the last 24 to 48 months. If you still love this car as much at the end of the lease as you did on the day you picked it out, keeping it may be the smart move.

Avoid the hassle of car shopping 

Let’s face it, shopping for a car takes a lot of time and energy. Buying your leased car can save several weekends on car lots and most of the frustration that comes with the process. You will still need to do a little research and, but much less than starting the process from scratch.

Is it in your budget?

If you are thinking about buying the car after your lease is up, you must decide if that cost is in your budget – can you afford it? If you really like the car you have been driving and want to continue driving it, then buying the vehicle could be a good option to achieve this. Usually, if you are thinking about doing this, you have made your decision well before your lease ends so that you can save some money to put towards it.

At Pfaff Leasing, we make it easy for our clients to get behind the wheel of the high-end sports cars, exotic cars, and vintage cars they are looking for. With locations in Vancouver, Calgary, Toronto, and Montreal, our customers can find their next dream vehicle with us! If you are looking for more information about whether or not you should buy your car after the lease, we encourage you to get in touch with a Pfaff Leasing associate.

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