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Lease buyout: 5 tips on buying your leased car
Consider the whole of the process before deciding if a lease buyout is a good idea.
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Rebecca understands the anxiety that comes with heading to a dealership. She is passionate about empowering readers to make informed financial decisions in the showroom through focused advice and guidance. Outside of that, she has spent the last year researching EV financing and trends to make it more accessible for all sorts of drivers.
Consider the whole of the process before deciding if a lease buyout is a good idea.
First-time car buyer programs often have more flexible requirements.
Equity will determine whether you can easily trade in a car that’s not paid off.
Getting the best financing for your new set of wheels requires time and research.
Vroom has discontinued selling and financing used vehicles, making Vroom auto loans unavailable. However, there are other online alternatives worth exploring to purchase and finance a used car.
Shift declared bankruptcy in October, so check out its competitors instead.
EV sales are on the rise, but high upfront costs may be limiting.
Investing in a quality paint job can be worth it.
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PenFed and U.S. Bank auto loan rates are competitive — if you have an account.
Skyla and Consumers Credit union offer auto loans — which is best for your needs?
Don’t just look at a used car’s polish and history. Get an oil analysis to learn about the health of the engine.
Credit Direct and LightStream car loans are made for nontraditional car purchases.
Learn why these nonprofit institutions are a smart choice for auto buyers.
To choose the right refinancing loan, consider how funding timeline factors.
Upstart vs Caribou: These auto refinancers are similar with some key differences.