With new cars averaging $50K, Ohio lessees made the smart call in 2025 — buying out their leases, pocketing ~$950 in equity through Lease End, and avoiding mileage penalties on familiar vehicles they already trust.

Between sky-high new car prices, a dense used car market, and the fact that many New Yorkers have been driving the same leased vehicle for two or three years and actually like it, the math on buying out your lease tends to work out pretty well here.

Most Michigan lease buyouts are near break-even, with slightly negative median equity. With average payments below $600 and a flat 6% tax, buying out your lease can make sense—especially if you like your car and plan to keep it.

Thousands of Pennsylvania drivers have bought out their leases in recent data — locking in ~$1,055 in median equity, on average, while avoiding new car payments that regularly top $800/month. Here's what the numbers say.

If you've been driving a truck or SUV in Texas — which, based on Lease End data, a lot of you have — replacement costs for those vehicles are steep right now. Buying out at a residual that was set two or three years ago is often the best deal you'll find.

The typical California lessee who buys out their car is purchasing a vehicle worth nearly $1,000 more than what they're paying for it. That's built-in savings compared to going out and buying a comparable used car on the open market.

Thousands of Massachusetts drivers have bought out their leases in recent Lease End data, paying $550/month on average to keep vehicles worth more than their buyout price.

A buyout is typically a smart move when your car's market value exceeds the residual value, meaning you have positive equity. With Florida's average equity at $1,655.97 per buyout, the majority of lessees in the Sunshine State completing buyouts are coming out ahead.

If you're a Garden State driver with a lease ending soon, this guide covers what the buyout process looks like in New Jersey, how the tax math works, and how Lease End can make this as easy as can be.