While many drivers use the terms “lease buyback” and “lease buyout” interchangeably, they’re actually different types of transactions.   Regardless of which search term brought you here, we’ll walk you through the definitions of each one and set you up for success in a lease buyout if that's what you're after.

You’ve heard the term “MSRP”—in car commercials, at the dealership, or maybe while getting your own car.  MSRP is an acronym for manufacturer’s suggested retail price. But what does MSRP mean for you, the consumer? And why is it just a suggestion?