I was thinking of buying out my lease. I have zero experience with this. I have had two minor accidents with the car (rear ended and hit curb) and theres also a small crack (5mm or so) in the windshield from a rock which was patched. Is there any room to negotiate the price? Do the accidents work in my favor for a lower cost? Or does none of that matter? I honestly wouldn't keep the car much longer if I bought it (maybe another 3 years or less) but my lease is only 32 months and I feel like thats too short and i Wanna still have fun with this car for a while longer. Thanks.

 

You negotiated the buy out when you signed. Payoff amount is the residual value. You'll be accountable for any damage to the car so repairing prior to turn in can be advantageous because it allows you to find reasonable quotes.

 

Check your Carfax. If the accidents are recorded, give the car back. Even a Carfax fender bender will hack at least $10K off resale value and most dealers will turn the car away without an offer. With perfect lease returns flooding the market, its a buyers' market.

 

Don't buy out car that has any accident, no matter how trivial, on the record.

 

Part of the advantage of a lease is giving the car back after it has been in an accident. Agree with the others. You'd be better off buying a used, non-accident car.

 

Check out Jaguar's 90 days before lease end options. Have vehicle inspected by Jaguar's inspection company. It'll tell you what the damages needs to be fixed & how much Jag will charge you for those damages, wear & tear items & add disposition fee to turn in your lease vehicle by to Jag. Go get estimate at Carmax & a few dealers for trade in/sell value. Subtract those charges from to your contract's residual value to find out what minimum value if your trade in car or at Carmax, to determine if it's cheaper to buy it, trade it, sell it, or turn back in to Jaguar.