Lease equity in a minute: where it comes from and how to keep it

There may be money hiding in your car lease. It is called lease equity. Here is how it works, in under a minute.

Lease equity is simple math: what your car is worth today, minus what it costs to buy it out. Worth more than the payoff? That gap is equity.

It happens because your buyout price was locked in years ago, while used-car values move. When values run high, leased cars quietly build equity. To capture it, buy the car out, then keep it or sell it.

Return the car instead, and the equity goes back to the leasing company. Champion Auto Finance helps you turn lease equity into real savings with buyout financing, across New Jersey, New York, and Pennsylvania. Learn more at championautofinance.com.