Question

At the end of the car lease, you pay a certain amount if you decide to buy the car.. . What is this amount called?

Answer 1

At the end of a car lease, when you pay a certain amount if you decide to buy the car is called a lease end buy out. Many people choose to do this because it is cheaper than buying a new car. 

Answer 2

At the end of the car lease, you can pay a certain amount if you decide to buy the car. This amount is called the lease end buyout. If you decide to keep the car you pay the lease end buyout amount that was talked about when you first leased the car, this type of buyout attracts many consumers because they have already put money into the car for their lease contract and can save money buy purchasing their current leased vehicle.