Does Driveway buy leased cars? 

If you've ever traded in a vehicle, a lease buyout may look very familiar to you: get an offer on your old car, choose the vehicle you want to buy, roll any profit or negative equity into your new financing package, and drive away in your new ride. There is, however, one big difference between a regular sell/trade and a lease buyout: the lease agreement. This legal document outlines things like payment terms, mileage caps, wear and tear parameters, and residual value (aka its buyout cost).  

Driveway's lease buyout advantage

Many dealerships and online competitors can't offer you a buyout for a captive lease, which can make it challenging to offload that vehicle before your term is up. Do you have a captive lease? If the logo on your steering wheel matches the logo on your monthly bill, there's a solid chance you do. The good news is Driveway LOVES buying out captive leases thanks to our unique coast-to-coast network of dealerships. If you're not sure what kind of lease you have, we're here to help. Give us a call, drop us a DM in our chat window, or email us any time.  

Trading your leased car with Driveway

Now that you know more about lease buyouts, it's time to put Driveway to work for you. Start by entering your vehicle information into our instant offer tool; there's even a question specifically about active loans or leases, just for you.  

If you’re trading in for a fresh ride, check out our pre-qualification tool to see how much car you can afford, then start shopping! Your trade-in will be applied to your order during the checkout process, and one of our knowledgeable agents will reach out to you to complete the whole process.

Selling your leased car with Driveway

Not in the market for a replacement vehicle just yet? Driveway is also in the business of buying leased vehicles without trading in for a new one, so get your instant offer below to see how much cash you can pocket.