It depends on the terms of your lease. Some Tesla leases don’t allow third-party buyouts, while others do, depending on the leasing bank or finance company. If your lease does allow a buyout, we’ll work with your leasing company to confirm the payoff and determine whether your vehicle has positive or negative equity.
- Positive equity: if your Model 3 is worth more than the payoff, the difference will be paid to you.
- Negative equity: if the payoff is higher than the car’s value, you’ll need to cover the difference.
We can process that balance with a credit card or other secure payment methods to make the transaction easy. To confirm your specific situation, just provide us with your leasing bank information and we’ll handle the details directly with them.