Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Buying out a Vehicle lease before its up.

flamesflames444 · 01-09-2010, 08:37 PM

I'm pretty sure that when you sign the lease agreement it is with the car company's finance arm and has nothign to do with the dealership. I bought old my car 2 cars ago before the end of the lease and you pay the residual + the monthly payment X the number of months + a lease penalty break fee (in my case another $850). The only reason I did it was the sports car market was hot a few years ago and I made a few K off the buyout by selling it.

01-09-2010, 08:37 PM	#11
flamesflames444 Backup Goalie Join Date: Sep 2008 Location: Calgary, AB Exp:	I'm pretty sure that when you sign the lease agreement it is with the car company's finance arm and has nothign to do with the dealership. I bought old my car 2 cars ago before the end of the lease and you pay the residual + the monthly payment X the number of months + a lease penalty break fee (in my case another $850). The only reason I did it was the sports car market was hot a few years ago and I made a few K off the buyout by selling it.