I got a leased Honda Accord that upon looking at my payoff and vs vroom, carvana I would be in a equity position of about 1k. I checked carmax and it was almost 2.8k. I still have 20 remaining payments on it but with this equity I plan on cashing that 2.8k and get another leased honda odyssey thus lowering my monthly payment because my Accord had 3k negative inequity transferred.
My question it seems turning into carmax is just payoff amount minus car valued from carmax its just the potential turn in fee of 350 on top of that right?
