Does CarMax buy leased cars?
Yes, we do. In most cases, the selling process is very similar to any other financed car. We'll appraise the car, then contact your leasing company for a payoff quote and process any equity you might have.
Please note that CarMax cannot purchase a vehicle currently leased through the following companies: Nissan Motor Acceptance, Infiniti Financial Services, Honda Finance, Southeast Toyota Financial, GM Financial, Ford Credit, Mazda Credit, World Omni, Volvo Financial, Lincoln Credit, Acura Financial, BMW Financial Services, Volkswagen Credit, Audi Financial Services, Ally Financial, and Tesla.
Keep in mind that some leasing companies won't allow you to sell the car before the lease expires. Also, lease payoffs can only be obtained during your leasing company's business hours since we must speak to a representative.
Be aware that your leased car might not be eligible for trade-in tax savings, so check with your leasing company for complete details.
