Can You Sell A Leased Car To Carmax

Each month you can request your buyout amountthe current purchase price to buy your leased carfrom your leasing company. Carmax doesnt lease vehicles except at our two toyota dealerships for new toyota vehicles.

Buying Vs Leasing Carmax

Does not lease cars.

Can you sell a leased car to carmax. Since youll have to come up with the cash to buy the car from the leasing company. Carmax the largest used car retailer in the us. The used car superstore carmax is another place where you can go to get equity from a leased vehicle.

A lot of people dont know that you can actually buy out a lease at any time. This is the best option because then you can sell the car and completely transfer the title and all liability to the new buyer. To lease a used car you can either take over an existing lease or work with a local car dealership.

For more specifics see below. Carmax will inspect and evaluate the vehicle asis and if their offer meets or exceeds the residual payoff of the lease you can sell it to them and they will pay off the balance for you if you have damage or excess miles the value will be lowered and most likely not cover the lease residual. Selling a car privately can be a headache but selling it through cargurus can help simplify the process.

Monthly lease payments can be more affordable than finance payments. In most cases you can sell your leased car to carmax in almost the same way as any other. Once you buy the car the leasing company will send you the title and then youll be free to sell the car.

There are pros and cons to leasing a new car or truck.

Buying Vs Leasing Carmax