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Car Lease Buyout Westland MI

You might consider a buyout if you want to continue driving your car after your lease ends. Since you know the car's history and know its condition, it makes a great used car purchase without the uncertainties of buying a car from a dealer or stranger. You know the car, how it's been treated, and its condition.

Mikes Modern Classics
(734) 721-0730
1118 S Newburgh Rd
Westland, MI
 
Penske Truck Rental
(734) 729-3097
27429 Joy Rd
Westland, MI
 
U-Haul Company
(734) 844-2112
39205 Ford Rd
Westland, MI
 
Hertz - Plymouth Road HLE
(734) 525-9870
33910 Plymouth Road
Livonia, MI
Hours
Mo-Fr 0730-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Penske Truck Rental
(734) 981-5866
47255 Michigan Ave
Canton, MI
 
U-Haul Company
(734) 729-3165
5215 S Merriman Rd
Westland, MI
 
U-Haul Company
(734) 466-9091
7840 N Wayne Rd
Westland, MI
 
Altra Auto Rental
(800) 464-6359
33300 Warren Rd
Westland, MI
 
U-Haul Company
(734) 595-6796
40600 Michigan Ave
Canton, MI
 
U-Haul Company
(734) 454-9680
40671 Joy Rd
Canton, MI
 

Car Lease Buyout

To buy out your lease simply means you purchase your vehicle from the lease company – either with cash or a loan.

Most lease contracts allow early buyouts, but some don't. Some restrict the time period during the lease in which you may exercise your purchase option. For example, buyouts may be prohibited in the first few months and/or the last few months. You should read your lease contract to determine if you have any such restrictions.

You might consider a buyout if you want to continue driving your car after your lease ends. Since you know the car's history and know its condition, it makes a great used car purchase without the uncertainties of buying a car from a dealer or stranger. You know the car, how it's been treated, and its condition.

If you've exceeded your mileage limits, or have excessive wear or damages, and want to avoid associated penalties, you may want to consider a buyout.

There are two kinds of car lease buyouts:

  1. Lease-end buyout (at normal end of lease)
  2. Early buyout (before lease ends)

Car Lease Lease-End Buyout
Buying your vehicle at the end of your lease is sometimes a good option, and sometimes not, depending on the details of your particular situation. This option should always be considered and compared to your other lease-end options to determine if it's your best move.

The end-of-lease buyout purchase price is typically the residual value stated in your lease contract. This price...

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