Your auto lease gives you a right to buy the vehicle for a fixed price at the end of the lease.

But should you? If you have less than three months remaining on a lease, now's the time to decide.

So, find your lease and read on.


  1. Do you like the car? If it's performed well with a minimum of unexpected costs and repairs, then it might be good to renew the lease.A Black Limousine
  2. Will it still fit your needs? If you're driving a 2-door sports coupe but are expecting a baby, you probably need a new car.
  3. What is your lease-end buying price? You'll find the purchase option price in your lease. Let's assume it's $14,000.
  4. What is your vehicle actually worth? Check websites such as Kelley Blue Book ( and Let's assume your highest wholesale value is $15,000.
  5. How does your vehicle's wholesale value compare with its lease value? If it's higher than the lease value, then it's a good deal. In our example, your lease says you can buy for $14,000. You've confirmed wholesale value is $15,000. You're buying a car you know and like for $1,000 less than its wholesale value. Buy the car.
  6. What if the wholesale value is less than the lease value? If it's a lot less, don't buy the car. It doesn't make sense to buy the car if your lease's buy-out price is $14,000, and the car's wholesale value is only $11,000.
  7. What's the bottom line? If your lease car is a good friend, and you can buy it for no more than $1,000 over wholesale value, that's a smart buy. Your next smart decision is to finance it at Directors Choice Credit Union.

Check out the Directors Choice Credit Union Website for great rates on Specialty Vehicles!



Take a look at this great infographic from the Consumer Financial Protection Bureau

Infographic from the Consumer Financial Protection Bureau