: 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
: You bring the vehicle to a CarMax store for a physical inspection to verify its condition. If your brand is on their restricted list,
: If the CarMax offer is higher than the payoff amount, they pay the leasing company and give you a bank draft for the difference.
As of April 2026, CarMax directly buy out leases from the following major lenders: Domestic : Ford Credit, GM Financial, Lincoln Credit, Tesla.
: Honda Finance, Acura Financial, Nissan Motor Acceptance, Infiniti Financial Services, Mazda Credit, Southeast Toyota Financial.