PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How can I negotiate a price at the end of a lease buyout?
I love the car I leased, and I want to buy it at the end of the lease term. Can I negotiate a price on this lease buyout?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s great that you loved the car!
Yes, you can negotiate a price on a leased car at the end of the term. Known as a lease buyout, this allows you to own the car outright based on the price you negotiate.
You’ll want to research a fair price for the vehicle. Then, contact the leasing bank before the end of your lease to make an offer. These negotiations often take time, so planning in advance can save you a headache at the end of your term.
You likely needed full coverage
car insurance
for your leased vehicle as a part of the terms of the agreement. When you own the vehicle outright, you can decide whether you still want the maximum coverage or to change your policy.Whatever you decide, shop for insurance using
Jerry
! Jerry is an insurance broker app that does comparison shopping for you! Just input your information, then Jerry will present you with up to 50 quotes from top providers. Once you make your choice, Jerry will take care of all the paperwork and changeovers! View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
