Lease Buy-Out

Should You Do a Lease Buy-Out?

Are you one of those people who gets very attached to your car?  If so, you are not alone! When leasing a car, most people’s first question is whether they can do a lease buy-out to purchase the car at the end of the lease term. As with many complex things, the answer is “it depends.”

There may be specific reasons to consider buying out your lease. Perhaps you have driven well over your mileage allowance and will owe mileage fees at the end of your contract. Maybe some minor body damage has been done that you don’t want to pay for. Maybe you are too busy to shop for something new and just want to go with the simplest solution.  

Step 1. Read your contract.

Whatever the reason you may want to move forward with a buy-out, the first step is to read through your lease agreement to understand its buy-out provisions.  What is the residual value of the car as stated in your contract? Is there also an additional purchase-option fee? Will there be added fees you can expect due to your car’s mileage or condition? Lease contracts vary, so be sure to take the time to read the “fine print.”

Step 2. Research your car’s value.

Don’t make the mistake of interpreting the residual amount listed in your contract as the true value of your car. For that, you will need to conduct some research to see if your car is actually worth the amount they are asking. Look at what a similar vehicle—matched by model, year, condition and mileage—would cost you through industry sites, such as Kelley Blue Book, or Edmunds. You can also check the car’s estimated wholesale value to get a sense of what a dealer might pay to buy your car at auction. The true market value of your car typically falls somewhere between those two numbers.

Step 3. Negotiate.

Like with most good things in life, patience is a virtue. As the potential buyer, you can maintain more leverage in negotiating a lease buy-out price if you don’t play your hand too early. In most situations, there’s no need to consider a buy-out before the end of your lease. When the right time comes, you can talk to your leasing company and ask for purchase price discounts, financing incentives or fee waivers. Some lease companies are not open to negotiation, but it certainly doesn’t hurt to ask.  

Step 4. Be ready to walk away from your lease buy-out.

As attached as you may be to your car, it’s actually quite simple to determine its true value, so you can have a clear-headed approach when you talk to your lease company.  If you have already determined that the car is worth significantly less than the purchase price, and you cannot negotiate with them, don’t be afraid to walk away. There are plenty of other cars out there waiting for you.

Important Disclosures and Requirements

Federal ESIGN Disclosure and Consent 

 Electronic Consent:  Consent to Receive Information Electronically 

The Electronic Signatures in Global and National Commerce Act requires users of this Site who submit a Contact Form (“you” or “your”) consent to receive certain disclosures electronically. Please read this disclosure and consent carefully and retain a copy of this document for your records. 


Some communications with and disclosures by Yield Solutions Group, LLC dba (“” or “us” or “we”) on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. In order to access, receive and retain required notices and your documents, including, any notices and disclosures required by state or federal law, such as our Privacy Noticeloan documents and disclosures that we provide to you on behalf of any Lenderand any other transaction notices and information from us (collectively, “Documents”) electronically, you must satisfy the minimum system requirements outlined below. However, if you wish to obtain a paper copy of any Documents that RefiJet provides you in connection with your credit inquiry and any subsequent application to our Lenders, you may contact Yield Solutions Group, LLC (dba in writing at 5775 DTC Blvd Suite 400, Greenwood Village, CO 80111 or by email at We currently do not charge a fee to send you a paper copy of any electronic Document, but reserve our ability to do so. Be sure to state which of the Documents you are requesting. reserves the right, in its sole discretion, to stop providing Documents electronically. RefiJet may also send Documents to you in paper form because we are legally required to do so or because we determine in our sole discretion that you should receive the Documents in paper rather than electronic form. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Documents electronically, will send any future Documents to you in paper form. Certain disclosures, however, will be made to you verbally if permitted by applicable law (the “Verbal Disclosures”).   


You must consent to receive Documents electronically in order to complete the credit inquiry process with and any subsequent loan process with one of our participating Lenders. Your consent will apply to Documents as defined above. You may withdraw your consent for receiving electronic Documents by notifying us in any of the ways described above. Since is structured to process all or part of your credit inquiry and any subsequent loan  electronically, not consenting, or withdrawing your consent to receive electronic Documents may result in the termination of the credit inquiry and/or loan process. Your withdrawal of this consent is effective only after we have had a reasonable period of time to act upon your withdrawal. Even if you consent, note that the Verbal Disclosures will be made to you telephonically. 

If you wish to withdraw your consent to do business electronically with our participating Lenders, you may do so at no cost to you by contacting the Lender at the mailing address, email address or telephone number they provide to you separately for such purpose.  


In order to use this service, you must consent to receive Documents electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.  


In order to receive, access and retain electronic Documents, you will need the following hardware and software: 

  • a computer, mobile device, tablet or similar device with an internet connection; 
  • a current web browser that supports HTTPS connectivity;  
  • a current version of a software program that can open and display PDF files (such as an Adobe Acrobat reader); 
  • a valid email address with email software to communicate with us electronically; and 
  • an installed printer or sufficient storage space to save, store, print or otherwise retain electronic Documents. 

 These disclosures and the Documents are both provided to you in PDF; therefore, your access to this page from your own system/device verifies that your system/device has the necessary software to permit you to receive and access PDF files. 

If the system requirements for accessing the copy of your Documents on the secure webpage change so as to require different or additional hardware or software, or upgrades, plug-ins or enhancements to the hardware or software used by you (all such changes referred to as a “Systems Enhancement”), we will notify you and you may either withdraw your consent or upgrade your hardware and/or software as required by the Systems Enhancement.  

This consent is valid until revoked by either party. 

It is important that you keep your email address current with us.  Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.  We may treat your failure to provide us with a valid email address, or the malfunction of the email address we have for you, as a withdrawal of your consent to receive Documents electronically. 

System Requirements to Retain Information 

If you have a valid email address, a copy of the loan Documents will be provided to you upon execution in the form of an email link to a secure portal that will contaithe PDF loan documentsYou will log into the secure portal using your access credentials. The PDF document will be available to you in the secure portal for thirty (30) days. To retain a copy of the Documents, you may choose to print them, save them or both. In order to print them, you must have a functioning printer connected to your personal computing device.  If you wish to retain an electronic version of the Documents, you must have a personal computing device with the hardware and software necessary to download and store PDF files. 

By clicking to accept, you: 

  • acknowledge your receipt and review of the foregoing Federal ESIGN Disclosure and Consent; 
  • give your affirmative consent to our providing electronic Documents to you as described above; and 
  • confirm that your computer or access device satisfies the hardware and software requirements needed to access and retain the Documents that will be provided to you in electronic form, including through use of a valid email address to access a link to secure portal to access the Documents. 

If you do not click to accept you are not consenting to our providing electronic Documents to you as described above, and you are terminating your transaction with us