https://www.caranddriver.com/auto-loans/a44063974/buy-out-lease-early/
Is this article plain wrong? It claims buying out lease early cost more money than waiting till end. Doesn’t one save money on lease financing cost?
RAV4 PRIME early buyout as an example.
Yes, it is incorrect in how it defines the early buyout cost.
I think that the person who wrote this sort of didn’t understand how to explain this clearly. His reasoning is:
Therefore, he deduced that buying the lease out early costs more. He doesn’t factor in things like lenders who don’t charge the rent charge when a car is bought out early or anything else, for that matter.
Nah, they just don’t know how early lease buyouts work:
“If you’re trying to buy out your vehicle lease before the contract is up, you must make all remaining payments required on the lease along with the residual value of the car.”
That whole article looks like something I might have written six years ago before I joined here, and was given only 45 minutes to barf out 975 words on the subject.
“* Amount due at signing: Your deposit, fees, and rebates are applied.”
And on and on
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