MAXIMIZE YOUR FUNDS, EQUITY & PAYOUT
WHEN SELLING YOUR CAR
We buy all used cars and leases, including restricted brands
Trusted for 38+ Years
WHAT IS YOUR CAR WORTH?
WE BUY LEASES OTHERS WON’T — INCLUDING RESTRICTED BRANDS — TOP DOLLAR GUARANTEED
- GM Financial
- Honda Lease
- Hyundai Motor Finance
- Volvo Financial Services
- Kia Motors Finance
- US bank
- Mercedes-Benz Financial Services
- Mazda Financial
- BMW Financial
our services
Hear from our customers
Mike Boyajyan
Greg CG
Katrin Hartoonian
Sam M.
Gewo K.
Leah A.
SELL YOUR CAR
PRECISION APPRAISALS. MAX VALUE
HOW IT WORKS
Step One:
Click on "Sell Your Car" and receive a free online estimate.
Step Two:
Stop by for a quick 15-minute vehicle inspection.
Step Three:
Sign the paperwork and walk out with a check.
FREQUENTLY ASKED QUESTIONS
Can I sell my car to you without buying a car as well?
Yes, and our offer will be the same whether you’re buying from us or not.
Can I get an offer for my car online?
For most vehicles, offer ranges can be provided online. To receive a validated offer, please visit us in person for a quick 15 minute inspection.
How do I get paid for my car?
You will leave with payment in hand the same day you sell us your car. We pay by check where payment is guaranteed to be available. Our check can be deposited OR cashed.
Do you buy leased cars?
YES! We are able to buy ANY leased vehicle from ANY finance company. Regardless of any third-party buyout restrictions, WE CAN BUY YOUR LEASE! We’ll appraise the car then contact the leasing company for a payoff quote and process any equity you might have.
Do I need an appointment to get an offer on my car?
No, you never need an appointment to get an offer for your car. However, an appointment will ensure that we have you in and out in as little time as possible.
Can I sell a car to IMX on behalf of a company?
If you would like to sell a car on behalf of a company, please see a Business Office associate for the requirements needed.
How long are verified offers good for?
Our offers are good for 5 calendar days.
Lease buyouts in Burbank, including the brands other dealers can't buy
Carvana, CarMax, and most Los Angeles dealers can't buy your leased Honda, GM, Ford, Nissan, or Tesla anymore. IMX Auto in Burbank still can. Here's how a lease buyout works, what your car is probably worth, and why the brand on the badge stopped mattering when you sell to us.
What does it mean to sell or buy out a leased car?
A lease buyout means the leased car gets purchased at the residual value set in your original contract, instead of getting returned when the lease ends. There are two ways to do it. You can buy the car yourself and keep it. Or you can sell the lease to a dealer, who pays off your leasing company and hands you the difference if the car is worth more than you owe. That difference is your equity. IMX Auto in Burbank handles the second path. We appraise the vehicle, request a payoff quote from your lender, clear the balance, and write you a check for whatever equity is left. You avoid the disposition fee charged at lease return. You avoid the mileage and wear penalties too, since those only apply when you hand the car back. Most offers take about fifteen minutes in person, and you get paid the same day.
Your right to buy the car at that residual price plus any purchase option fee is set by federal law, under Regulation M of the Consumer Leasing Act. The leasing company can't move the number on you. What changes from brand to brand is who else is allowed to buy it. That's where most people get stuck.
See what your lease is worth before you decide anything.
Call (818) 303-0800Why can't most dealers buy out my lease anymore?
Around 2021, used car values climbed above the residual prices baked into existing leases. Captive lenders, the finance arms owned by automakers, realized that equity was leaving their networks every time a customer sold a leased car to an outside buyer. So they changed the rules. Many now refuse to give a payoff quote to anyone except the person on the lease or a franchised dealer of the same brand. That single change is why Carvana, CarMax, and most local dealers either turn you away or offer nothing on a leased Honda, GM, Ford, Nissan, or Tesla. The restriction is written into the lease contract itself.
| Leasing company | Brands | Third-party buyout |
|---|---|---|
| GM Financial | Chevrolet, Cadillac, GMC, Buick | Restricted |
| Honda / Acura Financial | Honda, Acura | Restricted |
| Toyota / Lexus Financial | Toyota, Lexus | Not restricted |
| Ford Credit | Ford, Lincoln | Restricted |
| Hyundai / Kia Finance | Hyundai, Kia, Genesis | Not restricted |
| Nissan / Infiniti (NMAC) | Nissan, Infiniti | Restricted |
| Tesla Finance | Tesla | Restricted |
| Ally Bank | Multiple brands | Restricted |
| BMW / MINI Financial | BMW, MINI | Restricted |
| VW Credit / Audi Financial | Volkswagen, Audi | Restricted / market payoff |
| Mercedes-Benz Financial | Mercedes-Benz | Varies by region |
| Mazda / Volvo Financial, US Bank | Mazda, Volvo, multiple | Restricted or market payoff |
If your lender is on this list, you have two real choices. Buy the car yourself first, which means paying the sales tax and waiting on the title. Or bring it to a dealer who can still purchase it directly. We do the second one.
How does selling your lease to IMX actually work?
- Get a number. Use the appraisal tool online or call us. For most cars we can give you a range before you drive over.
- Bring the car in. A quick fifteen minute inspection in Burbank confirms condition and mileage. We pull your exact payoff from the leasing company at the same time.
- Sign and get paid. We settle the lender balance and write you a check for your equity. It can be cashed or deposited. You leave the same day.
You never buy the car, register it, or deal with the DMV. We handle the payoff and the title work on our end. If you want to roll your equity into a different car, we sell and lease those too.
Most offers take about fifteen minutes. 811 N Victory Blvd, Burbank.
Get an offerHow do I know if my leased car has equity?
Equity is the gap between what we'll pay and what you still owe on the lease payoff. When the residual was set two or three years ago and the car is worth more than that today, the gap is yours. Right now that's common on trucks, SUVs, hybrids, and electric vehicles, where market values held up better than the lease contracts predicted. Brands like Honda and BMW tend to show equity near lease end more often than others.
You don't have to guess at it. We pull the live payoff from your lender and appraise the car, then put both numbers in front of you. If there's no equity, we tell you that too, and you can still sell or walk away with no cost.
Do I owe California sales tax when I sell my leased car?
It depends on whether you keep the car. If you buy out the lease yourself to own the vehicle, California charges use tax on the buyout amount, which is the residual value in your contract. Rates run from about 7.75 to 10.25 percent depending on your city and county, so on a thirty-five thousand dollar buyout that's roughly two thousand seven hundred to three thousand six hundred dollars. Selling the lease to a dealer works differently. Under Revenue and Taxation Code section 6277 and CDTFA Regulation 1595, when a licensed dealer buys the car for resale the use tax falls on the dealer, not on you. This is a tax-code path only a dealer can use, since a consumer can't buy the car out and resell it inside that window. When you sell your lease to IMX, we handle the payoff and the paperwork, you never take ownership, and you don't write a sales tax check on a car you aren't keeping. That alone can be worth thousands.
Can you buy out your lease early, before it ends?
Yes. Every lease allows for an early buyout. We can request the payoff from your leasing company at any point during the lease term and pay the car off directly with the lender. Bring it in and we'll pull the exact figure so you can see where you stand today.