It’s going to make it really, really hard.
When you file bankruptcy, your credit takes a hit (or goes up if it was already bad enough). The bankruptcy public record stays on your credit for 10 years. It takes about 2 years for your credit to improve enough to get good car loan interest rates again.
That being said, the bankruptcy is going to hurt your credit at first and make it hard to finance that vehicle at the end of your lease. Yes, you can keep your lease out of the bankruptcy if you want and keep making lease payments until the lease officially ends. However, this does not guarantee that they will finance your purchase at the end of your lease.
Personally, I don’t like financing cars. I have a horde of children, 4 teenager drivers, and five older cars all owned free and clear. I don’t have a car payment, which means that I don’t have to carry as expensive an insurance policy as a lender would require. I believe in buying “beaters” (cheap cars that you can drive into the dust) so that I can use the money for other things.
I did a little research online and found three articles that disagree with me, saying that it may be a good idea to finance/purchase your leased car when the lease ends. I disagree, but that doesn’t mean that I’m right.
Here are the articles: