Buyout or trade-in? The one number that settles it
A quick explainer comparing a lease buyout to a trade-in — why lease equity (market value minus payoff) decides it, and when keeping the car captures real money. From Champion Auto Finance.
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Transcript
Lease buyout or trade in. Here's how to pick the smarter move in about 30 seconds. A buyout means you pay the leasing company's payoff and keep the car.
A trade in puts the car's value toward a different vehicle. The decision comes down to one number, lease equity. That's the car's market value, minus your payoff amount.
If the car is worth more than the payoff, that gap is real money and buying it out lets you keep it. Champion auto finance. Finances lease buyouts across New Jersey, New York and Pennsylvania.
Learn more at championautofinance.com.
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