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When approaching the end of a car lease, buying the car often appears to be the most economical option. However, for Toraya Wiley, who loved her 2019 Honda Civic, the situation was not straightforward. She was initially offered a buyout price of $15,567 but, upon consulting the dealer, discovered the price had increased to $19,834—an additional cost of $4,300. The dealer’s reasoning seemed unclear. With a shortage of cars on dealership lots, many dealers prefer to sell leased vehicles to other buyers for higher profits, leading to unexpected price hikes for lessees looking to purchase their cars.
