Keys or Keep

Keys or Keep

By Champion Auto FinanceBusinessLeisureAutomotive
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Keys or Keep episodes

  • 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,…