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[Music] hi Im Michael Rooker Im the managing partner Greenbush Financial Group today were going to be talking about car lease buy outs so anytime you lease a car youre agreeing to make payments for a certain period of time and then at the end of that lease you can either choose to turn the car back in or you can buy it out in full now some people will choose to buy out that car in full either one because they dont want to enter into another lease agreement and they like that car or two theyve gone way over and the allotted miles that were allowed and they dont want to pay the big penalties associated with the lease agreement so if you look at the lease agreement theres gonna be a set dollar amount lets say its like $30,000 what that amount was is that was a guess by the bank when you initially took that lease to say I think that car is going to be worth this two years from now now the question we get from people is do I just have to accept that amount and is it set in stone o