As of April 2026, CarMax purchase vehicles directly from the following leasing companies:
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. can carmax buy my leased car
Ford Credit, GM Financial, and Lincoln Credit. As of April 2026, CarMax purchase vehicles directly
, 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 While CarMax is willing to purchase most vehicles,
Audi Financial Services, BMW Financial Services, Volkswagen Credit, and Volvo Financial. Others: Ally Financial and Tesla. How the Process Works
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
CarMax contacts your leasing company to get the "dealer payoff" amount.