You don't have to use the dealer's bank. Check with your local credit union for "lease buyout" loan rates, which are often lower.
Unlike a typical used car sale, the residual price in a lease contract is usually non-negotiable . where to buy leased vehicles
If you are currently driving the vehicle, the process is straightforward. You typically have two options for where to execute the buyout: You don't have to use the dealer's bank
Be prepared for "purchase option fees" (usually $300–$500), sales tax, and DMV registration costs. ⚠️ Important Considerations where to buy leased vehicles