# Returning a lease (2018 toyota corolla LE) with positive equity (IL)

**URL:** <https://forum.leasehackr.com/t/returning-a-lease-2018-toyota-corolla-le-with-positive-equity-il/341204>\
**Category:** Ask the Hackrs\
**Tags:** il\
**Created:** [March 11, 2021, 10:59pm UTC](https://forum.leasehackr.com/t/returning-a-lease-2018-toyota-corolla-le-with-positive-equity-il/341204 "2021-03-11T22:59:02Z")\
**Posts on this page:** 1\
**Showing post:** 4

<div class="post-metadata">

**Author:** ![BoardWalkNJ](https://leasehackr.b-cdn.net/letter_avatar/boardwalknj/32/5_5575768a8748004e209b776fc1b2916d.png) [@BoardWalkNJ](https://forum.leasehackr.com/u/BoardWalkNJ)\
**Post date:** [March 12, 2021, 1:13am UTC](https://forum.leasehackr.com/t/returning-a-lease-2018-toyota-corolla-le-with-positive-equity-il/341204/4 "2021-03-12T01:13:08Z")

</div>

You can have a third party buyout the car. In order to do that, you would call your leasing company and get the current “dealer payoff quote” which is the amount of money needed right now to payoff your car which will satisfy your lease agreement. Once you have that number you can take your car to your local Carmax and see what they would offer to buy your car. If the amount is near or above your dealer payoff quote, then you can sell it to them and you would be out of the lease. Alternatively, you can get an online quote from [vroom.com](http://vroom.com) or [carvana.com](http://carvana.com) who will give you an instant online offer. If you accept the offer, they would come and pick up the car from you and pay you on the spot. Ideally you would get a quote from all sources as they may vary significantly. For more information, please see forum discussions:

> [@Sold one to CARVANA!](https://forum.leasehackr.com/t/sold-one-to-carvana/68624):
>
> We got the VROOM topic going ([Sold one to VROOM! - #254 by SunshineOC](https://forum.leasehackr.com/t/sold-one-to-vroom/56848/254)) but thought I’d throw in how easy it was with Carvana too, and why it’s important to check both. Put the wife’s Lexus data through both Vroom and Carvana, vroom was $2k under the payoff, Carvana was $45 over it. Submitted the paperwork for Carvana, got on the phone with them to discuss lease transfer stuff with Lexus in the state of MO (easy peasy). Setup a time for pickup to be 10am on a saturday. 10:02 am knock on the doo…

> [@Sold one to VROOM!](https://forum.leasehackr.com/t/sold-one-to-vroom/56848):
>
> Not a lease deal, but I sold my prior lease to [Vroom.com](http://Vroom.com) today. I rarely plug companies, but holy cow it was easy! I also got a quote from Carvana, which was more than $2K below my payoff – Vroom was $1,600 over my payoff. Huge swing in my favor. For reference, the car was a 2016 Acura MDX with the tech package, black/black with just under 20K miles. My sense is that pricing is heavily driven by direct demand for inventory for the company, so pricing will be relative to demand for the color, o…

---

_[View the full topic](https://forum.leasehackr.com/t/returning-a-lease-2018-toyota-corolla-le-with-positive-equity-il/341204)._
