When you sign the lease, the dealer sets a "residual value." This is the pre-determined price you can buy the car for at the end of the lease.
Unless you have the cash ready, you’ll need to apply for a "used car loan" to cover the residual price at the end of the lease. lease car then buy
You know exactly what the car will cost years in advance. If the market value of the car ends up being higher than the residual value, you’re getting a bargain. When you sign the lease, the dealer sets a "residual value
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