The standard residual on a 1 year lease is 67% so assuming he financed the total package RRP $63,000 then the car will be on the books for about $42K. However, he may have gotten a fleet discount which will reduce the purchase price considerably. FWIW, My car specs up to about $52K RRP drive away,and will be worth about $18.5K (45% residual) on the books after 3 years. So (18.5/0.45 = 41) the original purchase price is closer to $41K. that's the difference a fleet discount makes - $11K Clearly the car will be worth somewhere between $35K (assumed book value on fleet pricing of $52K) and $42K based on RRP. If this fella is a good friend, he may buy it and pass it on to you with no or little profit. On the other hand, he may try and sell it for full whack and make a few grand in the process.