Can Carmax Buy My Leased Car -
, but whether they can buy it directly from your leasing company depends on your specific lender's rules . While CarMax is willing to purchase most vehicles, many major auto manufacturers have banned "third-party buyouts," which prevents CarMax from buying the car directly from the lessor. Prohibited Leasing Companies
Audi Financial Services, BMW Financial Services, Volkswagen Credit, and Volvo Financial. Others: Ally Financial and Tesla. How the Process Works can carmax buy my leased car
If the car's value is higher than the payoff, CarMax pays you the difference (your equity). If it's worth less, you must pay CarMax the difference to settle the lease. Options if Your Lender is on the Prohibited List , but whether they can buy it directly
If your leasing company is on the "no-buy" list, you have two main workarounds to still sell to CarMax: Does CarMax buy leased cars? Others: Ally Financial and Tesla
CarMax contacts your leasing company to get the "dealer payoff" amount.
Ford Credit, GM Financial, and Lincoln Credit.
, but whether they can buy it directly from your leasing company depends on your specific lender's rules . While CarMax is willing to purchase most vehicles, many major auto manufacturers have banned "third-party buyouts," which prevents CarMax from buying the car directly from the lessor. Prohibited Leasing Companies
Audi Financial Services, BMW Financial Services, Volkswagen Credit, and Volvo Financial. Others: Ally Financial and Tesla. How the Process Works
If the car's value is higher than the payoff, CarMax pays you the difference (your equity). If it's worth less, you must pay CarMax the difference to settle the lease. Options if Your Lender is on the Prohibited List
If your leasing company is on the "no-buy" list, you have two main workarounds to still sell to CarMax: Does CarMax buy leased cars?
CarMax contacts your leasing company to get the "dealer payoff" amount.
Ford Credit, GM Financial, and Lincoln Credit.