I have a leased car and will probably end up buying it at lease end. I would have to pay the 'residual value' which is something like $13,000. Dumb question...will they refinance the car for that amount, or will I be expected to pay them that amount all at once?
It's not a dumb question, I don't know whom the lender is, therefore simply phone the lender and find out your options.
Personally I would shop for lowest interest, start with your Bank or credit union, when your lease expires have payout ready or return vehicle.
If you don't have a blemished history you should have no problem getting funds,,, shop around for best rates,,,good luck.
Have a Blessed day
From the computer of
Ray Paulsen ^_^