How to get your lease payoff quote
Your payoff quote is the single most important number in a buyout — it’s what your financing is built around. Here’s exactly how to request it and what to look for.
Step by step
- Gather your info Have your lease account number and vehicle details (VIN, mileage) handy.
- Contact your leasing company Use your online account or app, or call the number on your statement. Ask for your buyout/payoff amount.
- Ask for an itemized quote Request the residual (or early-buyout price), taxes, purchase-option fee, and any remaining obligations.
- Note the "good-through" date Payoff figures expire — confirm how long the quote is valid.
- Bring it to Champion With your payoff in hand, we match your deal to lenders and confirm your terms.
What the quote should show
Buyout price
Residual at lease end, or the early-buyout figure if you’re buying out early.
Taxes & fees
Applicable sales/use tax and a possible purchase-option fee.
Good-through date
When the figure expires and may need to be re-quoted.
Payoff instructions
How and to whom the payoff must be sent to transfer the title.
Buying out before your lease ends? An early payoff can be calculated differently — see early lease buyouts.
Turning the quote into financing
Once you have your payoff amount, financing is straightforward: it becomes the amount you borrow (optionally plus taxes and fees). See how lease buyout financing works, or estimate your payment with our calculator.
Frequently asked questions
How do I get my lease payoff quote?
Contact your leasing company — through your online account, their app, or by phone — and ask for your buyout/payoff amount. Have your account number and vehicle details ready.
What’s included in a payoff quote?
It generally shows the residual value (or early-buyout price), plus any applicable taxes, a purchase-option fee, and remaining obligations. Ask for an itemized breakdown.
How long is a payoff quote good for?
Payoff figures are usually valid for a limited window (often a “good-through” date), because interest and fees can change. Confirm the expiration when you request it.
Is the payoff the same as the residual?
At lease end the payoff is generally the residual plus taxes and fees. An early payoff may be calculated differently and can include remaining payments or adjustments.
Do I need the quote before applying for financing?
It helps a lot. The payoff amount is the core number your loan is built around, so having it ready speeds up approval and funding.
Got your payoff quote?
Send it over with your vehicle details and we’ll coordinate your buyout financing across every credit tier.
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