Leasing is like renting a car; if the terms of your lease begin to resemble the terms of a loan to buy, then after a given amount of time you will have paid the full value of the vehicle. A common lease term can last two to four years, but in some cases in can be longer.

The buyout price is how much the car will be worth at the end of the lease, as negotiated by you and the dealer. Based on the purchase price ({{PurchasePrice.toLocaleString('en-US', { style: 'currency', currency: 'USD' })}}), depreciation rate ({{(DepreciationRate/100).toLocaleString('en-US', { style: 'percent' })}}) and lease term ({{(formModel.LeaseTermMonths/12).toFixed(1)}}) Years provided by you, the buyout price may be ({{BuyOutPriceCalc.toLocaleString('en-US', { style: 'currency', currency: 'USD' })}}). A higher buyout price means lower monthly payments, while a lower buyout price means the car may be a good value for you to purchase when the lease expires.

Interest rates may vary by terms of the lease, lender, and your personal credit score.

This is any fee, other than a capital reduction or down payment, that is required to be paid at the time of purchase. This may include license, title transfer fees, etc. If there's no other fees, simply enter $0.