Should I Buy My Leased Car? Lease Buyout Quiz

Sarah Williams

Published 6/6/25

Lease End can help drivers with a lot of things, like advising on buyout options, extended coverage for your vehicle, and financing. There are some things, though, that only you have the answers to.

Track your answers (A, B, or C) to the following seven questions, and we'll give you a key at the end.

Lease Buyout Quiz: Is It Right for You?

Question 1: Do you like your current vehicle?

A) Yes, I love it and would be happy to drive it for a few more years.
B) It's okay, but I’m considering an upgrade.
C) No, I'm ready for something new.

Question 2: How does your car’s current mileage compare to the lease terms?

A) I’m significantly over, and the penalties could be high.
B) I’m close to the limit or slightly over.
C) I’m well under the mileage allowance.

Question 3: What is the current condition of your vehicle?

A) Excellent—no significant wear, and I take good care of it.
B) Good, but there are a few dings or minor issues.
C) It has noticeable wear and tear or needs repairs.

Question 4: How does your lease buyout price compare to similar cars on the market?

A) The buyout price is less than or close to the market price for similar used vehicles.
B) It’s slightly higher, but I’m willing to pay a bit extra.
C) The buyout price is much higher than the market value.

Question 5: Do you have a stable financial plan to cover the buyout cost?

A) Yes, I have savings or financing options lined up.
B) I might need to explore financing options or budget adjustments.
C) I don’t have the funds or financing options available.

Question 6: Are you planning to keep the car long-term?

A) Yes, I'd love to drive it for at least 3–5 more years.
B) I’m unsure but would keep it for at least a year.
C) I’d prefer to trade it in soon.

Question 7: How important is it to avoid the hassle of finding a new car?

A) Very important—I'm happy with my current car and don’t want to shop for a new one.
B) Somewhat important, but I’m open to exploring other options and I have the time to do so.
C) Not important—I’d actually prefer a new car soon and I don't mind dealership trips.

Scoring Guide and Results

Each answer is scored as follows for your calculations:

A = 2 points

B = 1 point

C = 0 points

10–14 points: Buyout-Ready

Based on your responses, a lease buyout looks like a strong option! It seems you’re satisfied with your car, the buyout terms are favorable, and you're prepared for the financial commitment.

5–9 points: Potential Buyout Candidate

Your results suggest a lease buyout could be a viable choice, though it may require some additional planning or consideration of your long-term needs.

0–4 points: Not This Time

From your answers, a lease buyout may not be the best fit. Exploring other vehicles or leasing options might align better with your preferences and financial goals.

Questions to Ask Before Leasing Another Car

Ask the Dealer	Ask Yourself
Does my lease contract allow lease buyouts?	What's my monthly budget?
Can I buy out my lease early, before lease term?	What's my credit like?
What fees will I have to pay to turn my lease in?	Do I want to build equity with a purchase?
Can I add another person to the lease agreement with me?	Am I still attached to my current car?

More Food for Thought as You Consider a Buyout

Depending on your goals, you may want to start with different questions.

For example, if you’re worried about having access to a car, you may want to explore options for a buyout. If you have more flexibility and just want some extra cash before moving on to your next vehicle (or joining the car-free life), you may want to start by looking into whether you have equity in your car.

Pick the statement that most describes where you’re at with ending your lease.

I have no clue what to do.

1. Do I want to lease again, or is buying in my future?

2. Would I prefer to lease another car, or keep this one?

3. Are there any unpaid tickets/taxes registered to my license plate?

4. Could I make any money from my lease? Is there any equity in my car?

5. What kind of fees will I have to pay to turn my lease in? What about if I buy out my car?

I don’t want this car anymore.

1. Does my lease contract allow an early lease termination?

2. Does my lease contract allow lease buyouts?

3. If so, at which point in the lease can I exercise this option?

4. Could my child/friend/family buy out or take over my lease?

I like this car OR I want to have it long term or buy a car now.

1. Would my monthly payments be the same?

2. What happens with my warranty and coverage?

Next Steps: Buyout Advisement and Lease Buyout Loan Financing Offers

Hopefully these guiding questions have helped you sort through the many emotions and logistics of leasing a car and considering a buyout. Luckily, a lease buyout with Lease End can be easier than you'd think. Fill out the form below to get started in determining your financing options!

If you are ending your lease and need to chat through your options with someone, one of our Lease End advisors can help. Just give us a call at (888) 307-5197.

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About the author
Sarah Williams

Sarah loves breaking down complex topics and making them accessible to everyday readers. With four years of experience writing in the fintech and auto industries, she’s helped shape Lease End’s voice and given consumers the confidence they need to tackle leasing topics.

Lease End's mission is to empower auto lease owners with the technology to easily exit their lease. If you'd like to learn more about the lease-end options available to you, please don't hesitate to contact us. Our expert advisors are always prepared to answer your questions and are committed to finding the right plan for your individual needs.

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