Carmax | Buy Out My Lease

If your lease is eligible, the process follows these standard steps:

: BMW Financial Services, Volkswagen Credit, Audi Financial Services, Volvo Financial. Other : Ally Financial, World Omni. Key Considerations Does CarMax buy leased cars?

As of April 2026, CarMax directly buy out leases from the following major lenders: Domestic : Ford Credit, GM Financial, Lincoln Credit, Tesla. carmax buy out my lease

: You bring the vehicle to a CarMax store for a physical inspection to verify its condition.

: If the CarMax offer is higher than the payoff amount, they pay the leasing company and give you a bank draft for the difference. If your lease is eligible, the process follows

CarMax can buy out your lease directly, but only if your leasing company allows third-party buyouts. If your brand is on their restricted list, you must first purchase the vehicle yourself, obtain the title, and then sell it to CarMax as a used car.

: CarMax contacts your leasing company during their business hours to get a "dealer payoff" quote. Closing the Deal : As of April 2026, CarMax directly buy out

: If you owe more than the offer, you must pay CarMax the difference on the spot via cashier's check or certified funds. Excluded Leasing Companies