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At the end of your car lease, you can choose to buy the car through a lease buyout loan, which provides the funds necessary for the purchase instead of returning the vehicle to the leasing company. This loan is similar to a car loan, but it may not be available from all lenders due to associated risks. Before proceeding, confirm that your leasing company permits a buyout and seek financing through a lender that offers lease buyout loans if available. Interest rates and terms are comparable to traditional car loans, but lenders often impose restrictions on the car's age and mileage to mitigate risk. Make sure to specify your request when approaching potential lenders, as availability varies.
