The Lease End Minute

Don't trust one number. Three ways to check what your leased car is really worth before you decide to buy it.

Key takeaways:

• Check pricing sites with your exact trim and mileage.
• Compare real listings for similar cars near you.
• Get a real offer: it's the number someone will actually pay.

Transcript: https://leaseendlive.com/lease-end-minute/is-your-car-worth-more-than-the-buyout/

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.

Payoff quotes expire. Why the good-through date matters when you finance a lease buyout, and how to time it.

Key takeaways:

• Payoff quotes expire, often within a week or two.
• A lender financing your buyout needs a current quote.
• Line up financing first, then request a fresh quote and send it right away.

Transcript: https://leaseendlive.com/lease-end-minute/check-the-good-through-date/

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.

Excess-mileage charges are billed at turn-in. Buying the car usually avoids them, but high miles also lower its value. How to compare the two paths.

Key takeaways:

• Excess-mileage charges are usually billed when you return the car.
• If you buy the car instead, there's normally no turn-in inspection and no mileage bill.
• High miles also lower the car's value, so compare both paths before you decide.

Transcript: https://leaseendlive.com/lease-end-minute/over-your-miles/

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.

The residual value in your lease contract is rarely the check you write to buy the car. Here's what else goes into a real payoff quote.

Key takeaways:

• The residual value in your contract is usually not the full amount you pay to buy the car.
• A payoff can add remaining payments, a purchase option fee, sales tax, and title or registration fees.
• Ask for an itemized payoff in writing, and compare that number, not the residual.

Transcript: https://leaseendlive.com/lease-end-minute/your-residual-isnt-your-payoff/

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.

Before you turn in a leased car, get your buyout price in writing and check what the car is worth. If it's worth more, that difference is your equity.

Key takeaways:

• Ask your leasing company for your buyout price in writing before you turn the car in.
• Look up what your exact car is worth today, using more than one source.
• If the car is worth more than the buyout, the difference is your equity, and buying may be the better move.

Transcript: https://leaseendlive.com/lease-end-minute/dont-just-hand-back-the-keys/

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.