How to Buy Out Your Hyundai Lease

Is your Hyundai lease coming to an end? Have you decided that you want to keep it? We’re outlining the lease buyout process at Lester Glenn Hyundai of Toms River to illustrate how easy it can be. Determine the Buyout Purchase Price

Before you consider buying your lease, we encourage you to do your research to make sure it’s a wise financial decision for you. To start, you’ll want to determine your vehicle’s buyout purchase price. This is your vehicle’s residual value, as your lease contract outlines. Schedule an Appointment

We encourage you to schedule an appointment with our dealership to discuss your lease buyout. A buyout can be made before your lease expires or at the end of your lease period. We suggest scheduling the appointment at least a month before its expiration to avoid late fees.Apply for Financing

To buy your lease, you’ll be responsible for paying off the remaining value of your vehicle. If you can, you’re welcome to pay off the remaining value with cash. If not, you’ll need to secure auto financing. Not all lenders extend lease buyout loans, and some have higher interest rates, so you’ll need to remember that if you lease outside Hyundai Motor Finance. Complete Lease Obligations

Before completing the process, you need to tie up any loose ends. Do you still have remaining lease payments or any early buyout fees? You’ll also need to complete a title transfer and register your vehicle with the DMV. Visit Our Toms River, NJ Dealership to Learn More

Do you still have questions about your Hyundai lease? Are you ready to buy out your lease? We encourage you to visit Lester Glenn Hyundai of Toms River to get started today!

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