By eHow Cars Editor
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Buying out a car lease means you purchase your leased car either after the lease expires or before (an early buyout). You can either pay off the lease with cash or get a car loan to finance the buyout. The main reason to buy out a car lease is because you know your car is in good shape and you want to keep it longer than the lease term. Another reason is to avoid steep penalties from excessive mileage or wear and tear on the car.