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How To Buy Off Lease Vehicles ✭

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: If the market value is higher than the residual value (your buyout price), you have instant equity.

Buying an off-lease vehicle is one of the most effective ways to acquire a relatively new car with a well-documented history at a significant discount. These vehicles, typically aged two to four years, have already undergone their steepest depreciation—often losing alone.

The core of an off-lease deal is the —the price the leasing company estimated the car would be worth at the end of the term.