Lease buyout questions from Lakewood drivers

Champion Auto Finance is at 1935 Swarthmore Avenue, Suite #103, Lakewood, NJ 08701. We are open Monday to Friday, 9am to 5pm, and closed on weekends.

You do not need one, but calling ahead at (732) 618-2036 helps. We can pull your file and tell you what to bring so the visit is worth the trip.

Yes. Plenty of Lakewood customers never come in. The payoff, the application, the signing and the MVC paperwork can all be handled by phone, email and e-signature.

Yes. Where the car was leased does not matter much. The payoff goes to the leasing company named on your statement, not to the dealer that delivered the car.

You can ask, but the purchase price in your lease contract is fixed, and the leasing company does not have to change it. Where you do have leverage is on add-on fees and on the financing itself.

Generally yes. A buyout is a purchase of the car, so New Jersey sales tax applies to the purchase price. We include it in your numbers from the start. See our Lakewood guides for the details.

Excess-mileage charges apply when you return the car. If you buy it, there is no per-mile charge, although the extra miles do lower what the car is worth.

There is no single minimum score. Lenders also look at income, payment history and how the loan compares with the car’s value. Bruised credit does not automatically rule you out, so ask.

Often not. Many buyouts are financed in full, depending on your credit and the car’s value. A down payment can lower the payment or help an approval.

No. We are an NJ DOBI-licensed financing partner. We arrange the loan with lenders and handle the paperwork. Approvals, rates and terms are subject to lender underwriting.

No. A quote conversation is not a credit application. Credit is only reviewed if you decide to apply.

Once the car is titled in your name, it is registered to you rather than to the leasing company. We walk you through what the New Jersey MVC needs so it is done correctly.