If your lender third-party buyouts (e.g., Chrysler Capital or Mazda Financial Services), the process is straightforward: Appraisal: CarMax appraises your car online or in person.
, but whether they can buy it directly from your leasing company depends on your specific lender's rules . While CarMax is willing to purchase most vehicles, many major auto manufacturers have banned "third-party buyouts," which prevents CarMax from buying the car directly from the lessor. Prohibited Leasing Companies can carmax buy my leased car
If the car's value is higher than the payoff, CarMax pays you the difference (your equity). If it's worth less, you must pay CarMax the difference to settle the lease. Options if Your Lender is on the Prohibited List If your lender third-party buyouts (e
Acura Financial, Honda Finance, Infiniti Financial Services, Mazda Credit, Nissan Motor Acceptance, Southeast Toyota Financial, and World Omni (Subaru). Prohibited Leasing Companies If the car's value is
If your leasing company is on the "no-buy" list, you have two main workarounds to still sell to CarMax: Does CarMax buy leased cars?
CarMax contacts your leasing company to get the "dealer payoff" amount.
As of April 2026, CarMax purchase vehicles directly from the following leasing companies: