Sell your leased car. It could be worth more than you owe.
Check my lease equity · Plate or VIN
Thinking about selling your leased car or getting out of your lease early? Used-car values have changed a lot in recent years, and many leased cars are now worth more than their buyout price. That difference is called lease equity, and it can be yours.
Reineke checks your lease equity for free. Then you choose: put it toward your next vehicle, or take it as a check where your leasing company allows it. We handle the buyout and the paperwork with your leasing company.
How lease equity works
You can find your buyout amount on your lease contract or in your leasing company's online account. Look for "payoff amount" or "purchase option price". Not sure? Give us your leasing company and account number, and we'll get it for you.
Example amount
Example only. Your numbers depend on your vehicle and your lease contract.
Can I sell my leased car to a dealer?
Often, yes. But it depends on your leasing company:
- 01
Some leasing companies let any dealer buy out the lease.
- 02
Others only allow a buyout through their own franchised dealers.
- 03
A few only allow you, the person on the lease, to buy it out first.
Because Reineke is a franchised Ford, Lincoln, Honda, Nissan, Chrysler, Dodge, Jeep and Ram dealer, we can often handle leases from those brands' finance companies when an independent buyer can't. We'll check your leasing company's current rules before you make any decision.
Your options when you have a leased car
Check my lease equity- 01
Trade in your leased car early.
Use your lease equity toward a new or pre-owned vehicle and start fresh. This is the most common choice.
- 02
Sell your leased car for cash.
We buy out the lease, and you get any equity as a check, if your leasing company allows it.
- 03
Buy it out and keep it.
Sometimes the best choice if the car is worth more than the buyout and you love it.
- 04
Turn it in at lease end.
The simplest option, but any equity stays with the leasing company.
Why getting out of a car lease early can save you money
Avoid excess-mileage charges if you're on track to go over your mileage allowance
Avoid wear-and-tear charges for dings, tires and interior wear at turn-in
Capture your lease equity instead of handing it back to the leasing company
Get into a newer vehicle sooner, often with a similar payment
How to sell or trade in your lease at Reineke
- 1
Enter your plate or VIN and current mileage.
- 2
Tell us your leasing company. Have your account number handy.
- 3
Get your offer and equity check. One firm number, good for 7 days.
- 4
We handle the buyout with your leasing company and do the paperwork. You pick your next vehicle or collect your equity.
Selling a financed car instead of a leased one?
Can you sell a car you're still financing? Yes, and it's even simpler than a lease. We get the payoff from your lender, pay it off directly and handle the title. If your car is worth more than you owe, you get the difference. If you owe more, we show you the numbers first. Full guide: how to sell a car with a loan on it.
Leased car questions
Then you have negative equity. Turning the car in at lease end may be your best option. We’ll show you the numbers honestly either way.
No, not when the lease is paid off in full through a buyout. Missed payments are what hurt credit.
It depends on your state and how the deal is set up. We’ll show every figure on your paperwork before you sign.
No. If your leasing company allows a dealer buyout, you can take your equity as a check.
Yes. Trading in early is often the best way to avoid an excess-mileage bill at turn-in.
Often, yes. See selling a car you just bought.
Your lease is worth whatever your car is worth today, minus your buyout amount. Get a free offer from us, compare it with your payoff, and you’ll know your lease equity in minutes.
Often, yes, if your leasing company allows a dealer buyout. We check the rules first, then buy out the lease and pay you the equity.
Yes. Here’s how to sell a car you have a loan on: we get the payoff from your lender, pay it off directly and pay you any difference. A car on finance sells just like a paid-off car. We simply handle one extra step.
Find out if your lease has equity
- Free lease equity check
- Buyout handled
- Offer good for 7 days
- No fees