Required by state and lenders to finalize the purchase.
Obtain this from the leasing company, not just the dealership. It includes the residual value, remaining payments, and any purchase option fees.
Contact the leasing company directly to get the payoff quote and request a direct buyout packet. This avoids dealer doc fees.
You can use a local franchise dealer (e.g., a Honda dealer for a Honda lease) to handle the paperwork, though they may charge fees, notes 0.5.15 and 0.5.17 . 3. Preparation Checklist buy a lease return car
A document stating current mileage to federal standards.
Contact your bank or credit union for a loan, which often has better rates than dealer financing.
Similar to buying a used car, documenting the final price and financing. 2. The Process: Buying Direct vs. Dealer Required by state and lenders to finalize the purchase
Defines your residual value (buyout price), fees, and terms.
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Required by state and lenders to finalize the purchase.
Obtain this from the leasing company, not just the dealership. It includes the residual value, remaining payments, and any purchase option fees.
Contact the leasing company directly to get the payoff quote and request a direct buyout packet. This avoids dealer doc fees.
You can use a local franchise dealer (e.g., a Honda dealer for a Honda lease) to handle the paperwork, though they may charge fees, notes 0.5.15 and 0.5.17 . 3. Preparation Checklist
A document stating current mileage to federal standards.
Contact your bank or credit union for a loan, which often has better rates than dealer financing.
Similar to buying a used car, documenting the final price and financing. 2. The Process: Buying Direct vs. Dealer
Defines your residual value (buyout price), fees, and terms.
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