Lease Buyout Refinance in North Miami: Own the Car You Love
Used car values in South Florida stayed high. That means many lease buyouts today are worth thousands more than the buyout price — free equity if you finance smart.
Check the buyout math
Compare your contract buyout price to current KBB and Manheim wholesale. If KBB > buyout, you have instant equity.
Don't finance through the leasing captive
The dealer/manufacturer captive usually offers the worst rate. Get an outside lease-buyout loan first, then present it to them for negotiation.
Sales tax in Miami-Dade
You'll pay 7% sales tax on the buyout price. Some lenders roll this in; some don't. Factor it into total loan amount.
Best lenders for lease buyouts
Autopay, LightStream, and PenFed are strong for prime credit. Local credit unions like Dade County FCU compete aggressively too.
Time-sensitive
You typically have 30–60 days after lease end to complete the buyout. Start the loan process 45 days before your lease-end date to close smoothly.