Video: the six items to have ready before applying for a buyout loan
A quick explainer on the paperwork for a lease buyout — payoff quote, lease contract, ID, proof of income and insurance, and vehicle details. From Champion Auto Finance.
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Transcript
What documents do you need for a lease buyout? Here's your checklist in about 30 seconds. Start with the payoff quote from your leasing company, plus your lease contract and driver's license.
Lenders will also want proof of income and insurance, and the vehicles detailed like the VIN and mileage. Have everything ready before you apply, and approval can come the same day. Champion Auto Finance guides your buyout paperwork from application to funding across New Jersey, New York, and Pennsylvania.
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