AskPatty Certified Female Friendly Logo
My lease is almost up - I want to buy this car. where do I start? please, I need your help. thanks, linda

Answers from the Automotive Experts

Jenny Trostel, Partner at Anderson of Hunt Valley Contact the dealer where you leased the car. The dealer will assist you with the purchase of the car at the end of the lease. Check your lease contract for the residual value of the car. This is what you will pay for it. The car may need to have a state inspection completed. The dealer will guide you through the process. It is very easy to do. Good Luck!

Shelly LoCascio, Dealer Principal  at Irwin Lincoln Mercury Mazda Linda, The lease buyout price should be printed somewhere on your contract or you can call the lease source(where you make your payments) and they can give you the price. The dealer that leased you the car can also make that happen for you. Shelly

Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company  (Retired) The purchase will be handled by the leasing dealership. You need to notify them of your intention to purchase. Check your initial contract to see what the residual (lease end) value of the vehicle is listed. This is what the purchase price will be based upon. This figure can be negotiated if the market has changed on the vehicle you want to purchase. Check values on and Kelly Blue so that you know the actual value of the vehicle and are not at the mercy of the dealership or the leasing company. You can also check values in the local newspaper listings for the same type and level of vehicle. Sometimes this is a good way to go, sometimes it is not. Knowledge is power.

Contribute to this question:

blog comments powered by Disqus

Related Chrysler 200 FAQs

  • The positive cable for the battery is fried and I've gotten a new battery and positive ... Read More
  • For some reason my trunk opens on its own. Usually when I pressed the clicker once to ... Read More
  • What oil does my car use conventional or synblend? Read More
  • Looking at changing the tire size on my Town & Country to 205s, instead of the standard ... Read More
  • A red dot on the dashboard on my Chysler 200. What does it mean? Read More
  • Why does the 2012 Chrysler 200 have 2 thermostats? Read More
  • Hooked up battery cable on my Chrysler 200 now car wont start, do not hear fuel pump, ... Read More
  • Should I put a fuel system cleaning agent in my Chrysler 200 gas tank? An auto repair ... Read More
  • The check engine light came on in my Chrysler 200, and says "dec" not really sure what ... Read More
  • What kind of oil does a 2012 Chrysler 200 take? Read More

Need Car Advice?

Ask The Experts!

Looking for a New or Used Car?

Search for our Certified Female Friendly® Car Buying Marketplace locations

Help Our Charities