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Lease Buyout Calculator
Find the cost to buy your leased car at lease-end.
Buyout price
—
To buy your lease.
| Sales tax | — |
|---|---|
| Residual value | — |
| Purchase fee | — |
| — |
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Enter your figures above to see the step-by-step working.
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How the Lease Buyout Calculator Works
At lease-end you can usually buy the car for its residual value — the price set at signing — plus a purchase-option fee and sales tax. Add them up for the buyout price. A car with an $18,000 residual, a $350 fee and 6% sales tax costs about $19,430 to buy out.
A buyout can be a good deal if the car is worth more than the residual on the used market, which has often been the case. Sales tax rules vary — some states tax the full residual, others only what you still owe. Compare the buyout to the car’s current market value before deciding.
buyout = residual value + purchase fee + sales tax
Frequently Asked Questions
How is a lease buyout price calculated?
Add the residual value from your lease, the purchase-option fee and sales tax. That’s the price to own the car.
Is a lease buyout a good idea?
It can be if the car is worth more than the residual on the used market, or if it’s in great shape and you like it. Compare the buyout to its market value.
Do I pay sales tax on a lease buyout?
Usually yes, on the residual (buyout) amount, though the rules vary by state. This calculator applies the rate you enter.
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