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.
A New Lease. In most cases, when a lease reaches its end you'll have two options for keeping the vehicle under a new lease. One option is extending the existing lease, under the same terms and for the same monthly payment, for a short time. This gives you time to look for a new vehicle or decide what to do. The other option is a used-vehicle lease on the same car. This type of lease involves a new term and new payment amount.