Shows / The Lease End Minute
The Lease End Minute
The Lease End Minute is a quick, practical tip for anyone whose car lease is ending: payoff quotes, residual values, mileage, equity and the questions to ask before you hand back the keys. Hosted by Joe, Managing Director at Champion Auto Finance. Learn more at https://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…
Episodes
The Lease End MinuteYour Lease End Checklist
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…
- The Lease End Minute
What's Left of the Warranty?
Buying out your lease? Check what factory warranty remains, and how to think about extended warranties. Key takeaways: Some factory coverage may still be…
- The Lease End Minute
Extending Your Lease Instead
Not ready to decide at lease end? How a lease extension can buy time, and what to get in writing. Key takeaways: Some leasing companies allow short or…
- The Lease End Minute
What Lenders Look At
Financing a lease buyout? The three things lenders usually weigh, and what to do before you apply. Key takeaways: Lenders weigh credit, income and debts, and…
- The Lease End Minute
Title and Registration After a Buyout
After a lease buyout the title has to move to you or your lender. What to ask so the paperwork doesn't stall. Key takeaways: The title moves from the leasing…
- The Lease End Minute
Update Your Insurance After a Buyout
Just bought out your lease? Why you should call your insurance company, and what to ask about gap coverage. Key takeaways: Your policy listed the leasing…
- The Lease End Minute
Inspect Before You Buy
Once you buy out your lease, you own a used car. Why an independent inspection first is worth it. Key takeaways: After a buyout, repairs are on you. An…
- The Lease End Minute
Call the Leasing Company First
The leasing company owns the car and sets the buyout rules. Why your first call should go to them, not the dealer. Key takeaways: The leasing company is the…
- The Lease End Minute
Negative Equity at Lease End
What if your car is worth less than the buyout price? An honest look at when buying still makes sense. Key takeaways: Negative equity means paying more than…
- The Lease End Minute
Dreading the Turn-In Inspection?
Dents, curbed wheels, worn tires. How buying the car compares with paying turn-in damage charges. Key takeaways: Damage beyond normal wear can mean charges at…
- The Lease End Minute
Buying Your Lease Early
Can you buy your leased car before the lease ends? Often yes. How an early payoff works and when it makes sense. Key takeaways: An early buyout usually covers…
- The Lease End Minute
Sales Tax on a Lease Buyout
Buying out your lease usually means a tax on the purchase, and it varies a lot by state. Here's what to ask. Key takeaways: Most states tax the purchase in…
- The Lease End Minute
The Purchase Option Fee
A small line on your lease that people skip: the fee many leases charge if you buy the car, and how to plan for it. Key takeaways: Many leases charge a fee to…
- The Lease End Minute
Is Your Car Worth More Than the Buyout?
Don't trust one number. Three ways to check what your leased car is really worth before you decide to buy it. Key takeaways: Check pricing sites with your…
- The Lease End Minute
Check the Good-Through Date
Payoff quotes expire. Why the good-through date matters when you finance a lease buyout, and how to time it. Key takeaways: Payoff quotes expire, often within…
- The Lease End Minute
Over Your Miles? Do the Math Both Ways
Excess-mileage charges are billed at turn-in. Buying the car usually avoids them, but high miles also lower its value. How to compare the two paths. Key…
- The Lease End Minute
Your Residual Isn't Your Payoff
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…
- The Lease End Minute
Don't Just Hand Back the Keys
Before you turn in a leased car, get your buyout price in writing and check what the car is worth. If it's worth more, that difference is your equity. Key…