Your Lease End Checklist
Lease End Checklist: Five Steps Before You Decide
The whole lease-end decision in five steps, in about a minute.
Key takeaways
- Get your payoff in writing, fees included.
- Find your car's real value and compare.
- If buying, line up financing, then update insurance and follow the title.
Full transcript
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This is the Lease End Minute. I'm Joe from Champion Auto Finance.
Here's your lease end checklist in about a minute.
One. A few months before the end, get your payoff quote in writing, fees included.
Two. Find out what your car is really worth, ideally with a real offer.
Three. Compare. Equity points toward buying. Negative equity points toward returning, unless you're keeping the car for years.
Four. If you're buying, line up financing, then request a fresh payoff quote.
Five. After the purchase, update your insurance and follow the title.
That's it. Decide with numbers, not pressure.
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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The Lease End Minute · Ep. 17 What's Left of the Warranty?Buying out your lease? Check what factory warranty remains, and how to think about extended warranties.
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The Lease End Minute · Ep. 16 Extending Your Lease Instead
Not ready to decide at lease end? How a lease extension can buy time, and what to get in writing.
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The Lease End Minute · Ep. 15 What Lenders Look At
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Three listener-style questions: buying a leased car to sell it for its equity, dents and curbed wheels before turn-in, and financing a buyout after a credit setback.