Overhaulin'

Can i buy my car before the lease is over. It is a three year lease and i have completed one year. Thanks?

Or can i pay more than the monthly payment for a leased car. I am trying to get out of the lease, own the car and pay it off now instead of doing the monthly payment stuff.

Public Comments

1. When you lease, you don't own the car when you pay off the lease. You can choose to buy it for the lease-end purchase price that is in your contract, however. Or you can call your lease company and ask for the early buyout payoff. Most lease companies don't allow making larger monthly payments, but it won't hurt to ask them.
2. Check with the leasing company, most leases can be paid off anytime. They will tell you the buy out amount, plus applicable taxes and where to send the payment.
3. You can always pay it off early. Read the contract. Make sure there is no pre-payment penalty.