At Patriot Leasing Company, LLC, we want you to know that there are options to buy your leased vehicle at the end of your lease, wither it is a couple months left and you are trying to do research on what the best option is, we can help you make the best decision to either purchase the vehicle, or the lease another vehicle. If time is running out to decide if buying your leased car makes more sense than turning it in, we would love to help you during this process. It can sometimes be a hard decision on if you must choose between handing the car back in or negotiating to buy the vehicle.

If the car is in the same condition that it was when you leased it, and you have managed to keep the miles driven within the allotted miles in your lease, you can pretty much just hand over the keys and be done. If not, there may be extra charges and penalties that may exceed the deposit that you put down up front on your lease.

At Patriot Leasing, LLC we are here to help you decide what your best options are. Here are five reasons to help you on why buying your leased car at the end of the lease can be the best option for you:

1.       The Price to Buy your leased vehicle is less than the retail market value:

When trying to estimate what a car will be worth at the end of your lease terms, it is more of an art than a science. That amount is called the residual value, and that is what is used to set up a monthly lease payment. At Patriot Leasing Company, LLC we have over 50 years of leasing experience and can help you get the right payment to help ensure that when you are done with your lease, that you have the option to buy ate the best, and right price for your vehicle. Patriot Leasing, LLC will help negotiate a buyout price for you that is more favorable for you.

2.       Is your Vehicle in Great Shape?

Have you have done everything right while the vehicle was in your care? Have you maintained your vehicle to the proper specifications? Have you driven your vehicle responsibly and kept the exterior of the vehicle unblemished and its interior clean and in the same condition as you received it? There is most likely not another used vehicle on the market that you can have more confidence in and are comfortable with than the one you've been driving. If you still love this vehicle as much now, as when you initially signed your lease, deciding to keep it may be the best option for you.

3.       Is your Vehicle in Terrible Shape?

Deciding to buy your vehicle if is in pristine condition make sense, but why would you want to entertain the idea of buying your lease vehicle if it is in a worse condition that when you leased it? If there is excess wear and tear n your leased vehicle, you can be penalized financially when turning your leased vehicle back in. Scratches, Dents, Dings, Scrapes on the exterior of your vehicle can make a rather large difference if there are any fees that might have to pay when your turn in your leased vehicle, as well as any rips, tears, scratches and dents on the interior of the leased vehicle.

The more damage that the vehicle has on the exterior and interior can make a big difference on wither you should attempt to purchase the leased vehicle, and the way to avoid these types of monetary damages, is to purchase the leased vehicle.

4.       Does your Vehicle have Excess Mileage?

When your lease is initially estimated at the time your lease is created, an estimated retail value for the vehicle is determined on how many miles that the vehicle will have in it at the end of the lease terms. It is simple, a vehicle with less miles will be worse more, and a vehicle with more miles will be worth less. Therefore, there are a set number of miles that are allotted in your lease term for the duration of your lease. This limit is traditionally around 12,000 miles per year, but it varies depending on what you need the vehicle for. At Patriot Leasing Company, LLC we can help you by extending this to a higher allotment each is you need, however that can in some cases change the monthly payment amount of your lease. For example, this means that over a 2-year lease, the total number of miles that you would be allowed to drive during that time frame would be 24,000 miles. If for some reason that you go over your allotted mileage, you will be entitled to pay for every extra mile driven. The per-mile penalty is negotiated in your lease agreement, and in some cases can be a large amount depending on how many miles that you have driver that exceed the amount listed in your lease agreement. Purchasing the vehicle can mask a lot of sense depending on your overage of miles.

5.       Do you enjoy the Hassle of Car Shopping?

When shopping for a new or used vehicle, it can in most cases be a difficult process. Shopping for a car can take, time, energy, and in some cases a whole day if not a weekend to find the best car, at the best price that you can afford. Time is money, and money is time and at Patriot Leasing Company, LLC, we know that you love both. At Patriot Leasing Company, LLC, we can make this a simple process for you and help you keep your vehicle, or have a new vehicle delivered right to your home or business.

Let Patriot Leasing Company, LLC help you make the right decision when the time is right. Give us a call today at 214-444-7641.