Old English tima limited space of time, from Proto-Germanic *timon time (cf. Old Norse timi time, proper time, Swedish timme an hour), from PIE *di-mon-, from root *da-cut up, divide (see tide). Abstract sense of time as an indefinite continuous duration is recorded from late 14c.
Many people don't realize you can buy the vehicle from the leasing company at any time. This is called an early buyout and in some cases, it's a great way to get out of your lease if you can find a buyer for the car. The first thing you need to do is find out the payoff or buyout amount of the vehicle from the leasing company. Always make sure to deal with the leasing company directly and not a dealership.
Working With The Dealer. At the dealership, the used car department will evaluate your leased car and assign a trade-in value. If the trade value is greater than the lease payoff amount, you have positive equity that can be applied to the purchase or lease of a new car.rading a Leased vs. Financed Car. Leasing a car is just another form of financing to get a new vehicle. With a lease you are financing the use of the vehicle compared to financing the purchase when you buy with a car loan. Your lease contract will have a payoff value, which is the current cost to terminate the lease.