Lease
Buyout / purchase option
The purchase option (or buyout) is your right to buy the vehicle at the end of the lease, typically at the residual value plus any fees. Some leases also allow an early buyout. Confirm the purchase option price and any fees in your contract. Details may vary by lessor and contract.
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Lotly provides educational information, document organization, calculations, and negotiation-drafting assistance. It is not legal, tax, investment, financial, credit, or lending advice. We do not determine whether any charge is lawful or whether any offer is appropriate for you. Confirm all vehicle condition, availability, incentives, fees, financing, lease terms, and contract documents directly with the dealer and relevant professionals before signing.