FAQs

Yes, you can purchase your leased vehicle at any time during the lease. Please click here for additional details.

We do not negotiate the purchase price as you are bound by your signed Lease Agreement. Any negotiations regarding the purchase would need to take place at the retailer prior to signing your Lease Agreement.

See your Lease Agreement for the agreed upon value of the vehicle and the purchase option fee. Please note that even after you terminate your lease, you may be billed for remaining property taxes, parking tickets, toll charges, and other state or local fees due on your account.

If you purchase your lease at the end of your term (all contracted payments made), you will pay the residual value provided in your Lease Agreement. Any additional payments made after your contracted term will continue to reduce the residual value amount.

If you return your vehicle more than 30 days before the end of the lease term without purchasing it, you may have to pay a substantial charge which could be several thousand dollars. The actual charge will depend on when the lease is terminated, but the earlier you end the lease, the greater the charge is likely to be. An Early Termination charge may apply, including remaining payments, as outlined in the Early Termination section of your Lease Agreement.

Some states assess sales tax on the purchase price, and you may be required to pay the sales tax to the state motor vehicle titling agency when you transfer the title. Please check with your state motor vehicle titling agency.

If your payoff quote overlaps your payment due date, you will see an amount for Monthly Payment Due. This is not an extra payment, as the Monthly Payment Due was subtracted from the Purchase Price and includes a service fee and tax. If the quote had not overlapped your normal payment due date, the amount in the Monthly Payment Due section would have remained in the Purchase Price amount. The Total Purchase Price must be paid to meet the terms of your Lease Agreement and close your account. If the payoff check is posted before the payment due date, you may be entitled to a refund, which may include the service fee and tax. We recommend sending the payoff check via overnight delivery if this is a concern.

Here are some general guidelines to help you understand the payoff and title process:

• To release your title, your account balance must be $0, and we must have received a properly completed odometer statement.
• We will release the title to the mailing address listed on the account. Do not hesitate to contact us directly if you need to update your information.
• We will release the title within 2–10 days after a valid and completed odometer statement is received and the payoff has been processed and posted to the account. You can expect to receive your title in the mail 15-30 days after processing is complete.

Please note: Receiving your title could take longer depending on Postal Service delivery.

Refer to the documentation provided when the quote was received to confirm the "good through" date.