Is Your Car Worth More Than the Buyout?
How to Tell If Your Leased Car Is Worth More Than the Buyout
Don't trust one number. Three ways to check what your leased car is really worth before you decide to buy it.
Key takeaways
- Check pricing sites with your exact trim and mileage.
- Compare real listings for similar cars near you.
- Get a real offer: it's the number someone will actually pay.
Full transcript
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This is the Lease End Minute. I'm Joe from Champion Auto Finance.
Want to know if your car is worth more than your buyout? Don't trust one number.
Check three ways. First, look up your exact car on a couple of pricing sites, with the right trim and real mileage. Second, see what similar cars are actually listed for near you. Third, and this is the big one, get a real offer from a buyer. An offer is a number someone will actually pay.
If all three land above your buyout price, you've likely got equity. If they're below it, returning the car may be the cheaper exit.
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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