Transcript

Negative Equity at Lease End · The Lease End Minute

0:00
Joe: This is the Lease End Minute. I'm Joe from Champion Auto Finance.
0:04
Joe: What if your car is worth less than your buyout price? That's negative equity, and it's more common than people think.
0:10
Joe: Here's the honest answer. If the car is worth less than the payoff, buying it means paying more than it's worth on the open market. That can still make sense if you love the car, know its history, and plan to keep it for years.
0:22
Joe: But if you were going to sell it or trade it soon, returning it at lease end is often the cleaner exit. Just watch for turn-in charges, and run the numbers both ways.
0:32
Joe: Champion Auto Finance is not a lender. Approvals and terms are subject to lender underwriting.