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Watch: guessed payoffs, missed fees and the first offer you took

A quick explainer on the three big lease buyout mistakes — guessing the payoff, forgetting taxes and fees, and taking the first financing offer. From Champion Auto Finance.

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Transcript

Buying out your lease? Avoid these common mistakes. 30 seconds could save you real money.

Mistake 1. Skipping the official payoff quote and guessing from your contract. Always get the exact number.

Mistake 2. Ignoring taxes and fees or accepting dealer add-ons you never asked for. Mistake 3.

Taking the first financing offer. Comparing lenders is where most of the savings live. Champion Auto Finance shops your buyout financing across lenders across New New Jersey, New York and Pennsylvania.

Learn more at ChampionAutoFinance.com

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Reviewed by Champion Auto Finance — NJ DOBI-licensed lease buyout financing partner·Updated October 12, 2026