Hi,
I’m in the process of taking a lease from Cadillac and being asked to sign a vehicle buyer’s order in addition to the lease agreement. This basically a contract to buy the car. They claim it’s mandatory for then to be able to register the vehicle. Have you had similar experience or insight?
Thanks I’ve seen it but it only refer to buying a vehicle. In my case I’m leasing it.
Yes, every car I’ve ever leased has had a buyer’s order.
This is what Chat GPT says:
A buyer’s order typically refers to a document used when purchasing a car, not leasing one. It’s a written agreement between the buyer and the dealership that outlines the terms of the sale, like the price, trade-ins, and financing details.
When leasing a car, the process is a bit different. Instead of a buyer’s order, you’d usually sign a lease agreement that outlines the lease terms, such as the duration of the lease, monthly payments, mileage limits, and any potential penalties for excess wear and tear.
That said, dealerships might still use a similar process to finalize the leasing deal. Some might issue a “lease order” or something that resembles a buyer’s order but for a lease, which would serve to confirm the agreed terms before the formal lease agreement is signed.
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