If you can afford it, and if the contract or the merchant allows it, you can purchase the vehicle you leased. To do so, you must pay any remaining balance indicated in the leasing contract. You will then be able to resell the car.
This option can be profitable in the following 2 situations:
- The vehicle has a higher market value than the balance of your contract (the amount you still need to pay).
- The actual loss is lower than are the cancellation fees you would have to pay if you were to return the car to the merchant.
You can use a calculator (in French only) to determine the balance of your leasing contract.
Last update : October 16, 2020
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The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.