Latest / The Lease End Minute / Is Your Car Worth More Than the Buyout?
Transcript
- 0:00Joe: This is the Lease End Minute. I'm Joe from Champion Auto Finance.
- 0:04Joe: Want to know if your car is worth more than your buyout? Don't trust one number.
- 0:08Joe: 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.
- 0:26Joe: 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.
- 0:34Joe: Champion Auto Finance is not a lender. Approvals and terms are subject to lender underwriting.