Paperwork and Legal Requirements Transferring a leased car requires more documentation than a standard sale. However, you must also settle the remaining balance of your lease agreement, including any disposition fees or excess mileage charges, which are then paid to your lessor.
Sell Your Leased Car to CarMax Before Return: What to Expect
Excessive wear and tear as defined in your lease contract. Key Factors That Determine Value Current market demand for the specific make and model.
If the offer is higher than the buyout price, you may have positive equity that can be used as a down payment on a new vehicle or cash. Finally, review both numbers carefully.
Sell Your Leased Car to CarMax Before Return: What to Expect
The residual value set in your original lease agreement. You will need to compare the CarMax offer against the buyout price stated in your lease.
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