Don't Just Hand Back the Keys

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.