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: Acura Financial, Affinity Federal Credit Union, Ally Financial, Audi Financial Services, BMW Financial Services, Ford Credit, GM Financial, Honda Financial, Infiniti Financial Services, Lexus Financial Services, Lincoln Credit, Mazda Credit/Mazda Financial Services, Nissan Motor Acceptance, Southeast Toyota Finance, Tesla, Toyota Financial Services, Toyota Lease Trust, Toyota Motor Credit Corporation, Volkswagen Credit, Volvo Financial, and World Omni.
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.