Transcript

Buying Your Lease Early · The Lease End Minute

0:00
Joe: This is the Lease End Minute. I'm Joe from Champion Auto Finance.
0:04
Joe: Can you buy your leased car before the lease ends? Often, yes.
0:08
Joe: 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.
0:21
Joe: 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.
0:33
Joe: Champion Auto Finance is not a lender. Approvals and terms are subject to lender underwriting.