A simple Answer TO yOUr Question
How does selling a leased car to CarMax work?
If your lease allows it, you bring the car to CarMax for an appraisal. CarMax contacts your leasing company to get the payoff amount and compares it to their offer. If their offer exceeds the payoff, you receive the difference as a check. If it does not, CarMax typically will not complete the purchase unless you cover the gap. The process usually takes a few hours.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
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