Buying Your Lease Early
Early Lease Buyout: How It Works and When It Makes Sense
Can you buy your leased car before the lease ends? Often yes. How an early payoff works and when it makes sense.
Key takeaways
- An early buyout usually covers remaining payments plus the residual.
- Ask for an early payoff quote in writing.
- Buy early only if the numbers beat the car's value.
Full transcript
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This is the Lease End Minute. I'm Joe from Champion Auto Finance.
Can you buy your leased car before the lease ends? Often, yes.
An early buyout usually means paying off what's left: the remaining payments plus the residual, and possibly fees. Some contracts calculate it differently, so ask your leasing company for an early payoff quote in writing.
Why would you do it? Maybe you're well over your miles, or the car's value is high right now, or you just know you're keeping it. Compare the early payoff to what the car is worth today, and buy early only if the numbers work.
Champion Auto Finance is not a lender. Approvals and terms are subject to lender underwriting.
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Champion Auto Finance
Thinking about buying out your lease? Learn more and get started at championautofinance.com.
Champion Auto Finance is a NJ DOBI-licensed financing partner, not a lender, coordinating lease buyout financing for drivers nationwide. Approvals and terms are subject to lender underwriting. Nothing on this site or in these episodes is legal, tax or financial advice.
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