Selling a car you lease starts with paying off the leasing company
A quick explainer on selling a leased car — why it starts with a buyout, how the equity becomes yours, and the fine print to check first. From Champion Auto Finance.
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Transcript
Can you sell your leased car? Yes, here's how it actually works, in about 30 seconds. You don't own it yet, so selling starts with a buyout.
You or the buyer pays the leasing company's payoff first. If the car is worth more than the payoff, the difference is your equity, money you keep from the sale. Watch the details though, some captive lenders block third party dealer buyouts, so confirm who is allowed to buy.
Champion auto finance finances buyouts, so you can own it, then sell it, across New Jersey, New York and Pennsylvania. Learn more at ChampionAutoFinance.com.
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