Your Residual Isn't Your Payoff

The Lease End Minute · Oct 13, 2026 · 1m · transcript

The residual value in your lease contract is rarely the check you write to buy the car. Here's what else goes into a real payoff quote.

Key takeaways:

The residual value in your contract is usually not the full amount you pay to buy the car.

A payoff can add remaining payments, a purchase option fee, sales tax, and title or registration fees.

Ask for an itemized payoff in writing, and compare that number, not the residual.

Transcript: https://leaseendlive.com/lease-end-minute/your-residual-isnt-your-payoff/

Learn more about lease buyout financing at championautofinance.com.

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