What is a Lease Buyout?

When you lease an Acura near Katy., you have a few options when the lease ends. One option is a lease buyout. What is the lease buyout definition? It means you can “buy out” the vehicle before the end of your lease contract. There are two options to choose from if you’re thinking about keeping your current leased Acura, so now our finance team answers: “How does a lease buyout work?”

2019 Acura TLX

Lease-End Buyout

This is the most common option. The lease-end buyout requires you to pay what the vehicle is expected to be worth by the end of the lease period. Typically, this price point is agreed upon before you sign the lease agreement. This choice is a good deal if:

  • You’re happy with the vehicle
  • There’s no other vehicle, at a similar price point, that you’d like better
  • There have been little to no repairs since you’ve had the car
  • You can get a good interest rate to finance the buyout price

Another perk of a car lease buyout is knowing the exact condition and history of the vehicle you’ve been leasing, because you’re the only one who has driven your car or SUV.

Early Lease Buyout

The second option allows you to purchase your vehicle before the end of the lease. Not all lease contracts allow this, so be sure to check beforehand to see if this might be an option for you. Before considering an early lease buyout, you’ll also want to be sure it’s worth the long term investment to buy instead of lease. With this, keep in mind the history of the vehicle. Near the end of the lease, the price is determined by:

  • The lease-end residual value on your original contract
  • If the vehicle has depreciated quicker and is below market value, you might have to pay the difference
  • The amount you still owe on the lease

Most times, buyers consider this buyout when concerned about lease penalties like going over mileage, not keeping up with routine maintenance, or damages to the interior or exterior of the vehicle.

2019 Acura RLX

Learn More About Leasing and Buying at John Eagle Acura

Now that you know your options for a lease buyout, take some time to consider which makes the most sense for you. Contact us with any questions or to learn more about lease buyouts and automotive financing.

More From John Eagle Acura

  • What is the 2020 Acura MDX Towing Capacity?

    When shopping for a luxury SUV in the Katy and Spring area, you may think that you’ll need to compromise style over strength. However, thanks to the 2020 Acura MDX towing capacity, you can get the best of both worlds. This outstanding feat of power also comes with additional technology and safety features for even…

  • Top 2020 Acura MDX Interior Features

    Take your Katy and Spring commute to the next level with a luxury SUV that offers the latest features you need with the 2020 Acura MDX interior features. Whether you want a great sound system, more interior space, a reliable safety package, or anything else in between, you’re sure to find what you’re looking for…

  • What are the 2020 Acura TLX Reviews?

    If you’re set on finding a new luxury sedan to sport on Katy and Spring roads, then the 2020 Acura TLX reviews are sure to impress. This striking sedan has been receiving rave reviews from some of the automotive industry’s top critics for its reliable performance, wide range of features, sleek design, and so much…

Saved Vehicles ×


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us ×


Call Now

16015 Katy Freeway • Houston, TX 77094

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 6am-8pm

Open Today! Parts: 7am-7pm

John Eagle Acura

16015 Katy Freeway Houston, TX

Phone: (281)-589-0600



Phone: (281)-589-0326

16015 Katy Freeway Houston, TX


Phone: (833) 959-0186

16015 Katy Freeway Houston, TX

Mobile Sales

Phone: 2816163557

16015 Katy Freeway Houston, TX


Phone: (281) 644-0118

16015 Katy Freeway Houston, TX

Mobile Service

Phone: 2816163559

16015 Katy Freeway Houston, TX

Body Shop

Phone: (281)-589-2639

16015 Katy Freeway Houston, TX
29.783618 -95.66552
[schema type="organization" orgtype="LocalBusiness" url="www.johneagleacura.com" name="John Eagle Acura" description="" street="16015 Katy Freeway" city="Houston" state="TX" postalcode="77094" country="United States" email="" phone="(281)-589-0600" logo="https://www.johneagleacura.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png"]
John Eagle Acura
John Eagle Acura
16015 Katy Freeway
Houston, TX, 77094 United States
John Eagle Acura 29.783618, -95.66552.