Buying out your lease to resell it: the equity math in under a minute
When buying out your lease to resell makes sense: comparing your payoff to the car's market value and keeping the equity difference.
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Transcript
Can you buy out your lease and immediately sell the car? Yes, and if there is equity, you could pocket the difference. Here is how, in under a minute.
If the car is worth more than your fixed buyout price, that gap is potential profit when you sell to a dealer or a private buyer. But watch out, you may owe sales tax on the buyout, and some leasing companies restrict quick resales, so check the fine print first. Add your payoff plus taxes and fees, then compare it to a realistic sale price.
If it clears, the deal can pay off. Champion Auto Finance helps you finance the buyout across New Jersey, New York, and Pennsylvania. Learn more at championautofinance.com.
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