A simple Answer TO yOUr Question
What is a lease payoff amount?
Your lease payoff amount is the total you would need to pay your leasing company to purchase the vehicle outright before or at the end of your lease. It typically includes your remaining payments, the residual value set when you signed the lease, and possibly a purchase option fee. This number is different from your residual value alone, especially if you still have payments left.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
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✓ When to lease vs. buy
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✓ Tax benefits for business owners
✓ Current manufacturer incentives
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