Buy Out My Lease | Carmax

: You start by getting an instant offer on the CarMax website .

: 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 carmax buy out my lease

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. : You start by getting an instant offer

: CarMax contacts your leasing company during their business hours to get a "dealer payoff" quote. Closing the Deal : If your brand is on their restricted list,

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