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If you’ve enjoyed the experience with your Hyundai car lease and would want to move on to financing, you’ll need to know how to calculate a lease buyout. This enables you to get a great purchase deal for the car you’re currently driving and save thousands.
Whether you’re looking to claim ownership at the end of the lease period or break your lease early, read on to find out how a Hyundai lease buyout works.
How A Hyundai Lease Buyout Works
On your monthly lease statement, you’ll see the buyout amount listed there. This refers to the residual value of your vehicle at the start of the lease along with the total remaining payments you owe.
The section may also include a car purchase fee, depending on the leasing company. However, if it isn’t listed, you can follow these steps to calculate your car lease buyout: