Confused about buyout options for lease
I have a Kia K5 2023 GT lease that ends next month. I have two payments left on it. Residual value is $18K with no additional purchase option fee per my contract.
I’m confused how the buyout options work as this is my first lease. Do I have to pay an additional $18K to own the car or what do I have to pay in the end to own it? Sorry if that’s a dumb question as I’m new to all this.
Would it be a better option to have another dealership buyout my lease and use that equity as the down payment for another lease?
Posted Feb 7, 2026, 10:55 PM UTC
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