While many drivers use the terms “lease buyback” and “lease buyout” interchangeably, they’re actually different types of transactions.   Regardless of which search term brought you here, we’ll walk you through the definitions of each one and set you up for success in a lease buyout if that's what you're after.

A lease payoff is the magic number that tells you how much it costs to buy your leased car. Your final buyout cost includes your residual value, taxes, and administrative costs like registration (but ZERO LEASE END DOC FEES if you work with us).

Maybe you're nervous about the additional charges you'll pay from driving over your miles. Maybe you'd like to modify your car. Whatever the reasoning, if you're asking yourself, “Can I keep this car forever?” The answer is yes—and that’s where a lease buyout comes in.

You’ve heard the term “MSRP”—in car commercials, at the dealership, or maybe while getting your own car.  MSRP is an acronym for manufacturer’s suggested retail price. But what does MSRP mean for you, the consumer? And why is it just a suggestion? 

To make a fully informed decision about your end-of-lease options, you’ll need to know just a thing or two about your car’s residual value. We’ll try to keep things bite-sized here – we know you’re busy.