Keys or Keep

Keys or Keep

By Champion Auto FinanceBusinessLeisureAutomotive
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Keys or Keep episodes

  • Dealer Markups, Two Names on the Title, and Is My Rate Any Good?

    Three listener-style questions: a dealer buyout price higher than the leasing company's payoff, adding a spouse to the title, and how to judge a lease buyout loan rate.

    Key takeaways:

    • If a dealer's price beats the leasing company's payoff, get it itemized line by line.
    • The title and the loan are separate: ask the motor vehicle office and the lender.
    • Judge a loan by APR, term and total cost, not the monthly payment.

    Transcript: https://leaseendlive.com/keys-or-keep/dealer-markups-two-names-and-loan-rates/

    Learn more about lease buyout financing at championautofinance.com.

    Champion Auto Finance is a NJ DOBI-licensed financing partner, not a lender, coordinating lease buyout financing for drivers nationwide. Approvals and terms are subject to lender underwriting. Nothing on this site or in these episodes is legal, tax or financial advice.

    Listener questions are composites based on the kinds of questions people ask us; names and details are changed.

    6 min
  • Buy It to Sell It, Turn-In Damage, and Financing After a Credit Hit

    Three listener-style questions: buying a leased car to sell it for its equity, dents and curbed wheels before turn-in, and financing a buyout after a credit setback.

    Key takeaways:

    • Equity is only real after taxes and fees: subtract everything first.
    • Turn-in damage has three answers: pay it, fix it, or buy the car. Price all three.
    • A credit setback doesn't end the conversation: clean up your reports and compare total cost.

    Transcript: https://leaseendlive.com/keys-or-keep/buy-and-sell-turn-in-damage-and-credit/

    Learn more about lease buyout financing at championautofinance.com.

    Champion Auto Finance is a NJ DOBI-licensed financing partner, not a lender, coordinating lease buyout financing for drivers nationwide. Approvals and terms are subject to lender underwriting. Nothing on this site or in these episodes is legal, tax or financial advice.

    Listener questions are composites based on the kinds of questions people ask us; names and details are changed.

    6 min
  • Low Miles in Queens, High Miles in Houston, and Who Can Buy Your Lease

    Three listener-style questions: a low-mileage lease that may be worth more than its buyout, a commuter 9,000 miles over, and whether you can buy your lease through your own lender.

    Key takeaways:

    • Low miles can mean your car is worth more than its buyout price, and most leases don't pay you back for unused miles.
    • Over your miles? Buying usually avoids the mileage charge, but compare the payoff with what the car is worth first.
    • Whether you can buy directly or use your own lender depends on the leasing company, so ask them, not the dealer.
    • Buying usually means sales tax on the purchase, and rules vary by state.

    Transcript: https://leaseendlive.com/keys-or-keep/low-miles-high-miles-who-can-buy-your-lease/

    Learn more about lease buyout financing at championautofinance.com.

    Champion Auto Finance is a NJ DOBI-licensed financing partner, not a lender, coordinating lease buyout financing for drivers nationwide. Approvals and terms are subject to lender underwriting. Nothing on this site or in these episodes is legal, tax or financial advice.

    Listener questions are composites based on the kinds of questions people ask us; names and details are changed.

    7 min

About Keys or Keep

From the publisher's feed

Keys or Keep takes real-world lease-end questions and works through the one decision that matters: hand back the keys, or keep the car. Each episode Joe, Managing Director at Champion Auto Finance,…