Lease Buyout Loan
Keep the car you love and secure the most
competitive vehicle financing
Avoid the hassle—buy out your lease with ease.
No payments for
45 days
Loans funded
700,000+
Why Consider a Lease Buyout?
When you reach the end of your lease, you have a decision to make: return your leased car to the leasing company or explore your purchase option. If you’ve fallen in love with your car—or want to avoid potential additional fees for excess mileage, wear and tear, or other penalties—a car lease buyout might be your smartest move.
A lease buyout can also be financially beneficial. With rising prices in the used car market, your vehicle’s current value may exceed its residual value—giving you instant equity the moment you purchase it. Instead of starting fresh with a new lease or going through the traditional car buying process, you can keep the vehicle you already know and trust.
With a Lease Buyout Loan from AUTOPAY, you can easily finance the buyout price listed in your lease agreement, also known as the car’s residual value. We work with trusted lenders and offer competitive rates to help you secure a car loan that fits your budget. From the first step to final signature, we’re here to guide you through every part of your car lease journey—making the transition to ownership smooth, fast, and stress-free.
Top Reasons to Buy Out Your Lease
You Love Your Car
There’s no better reason. If your leased vehicle feels like the perfect fit, why give it back? Buying out your lease means you avoid starting over with a new lease or car buying process. Skip the dealership hassle—AUTOPAY helps you break the lease and finance the purchase price.
Avoid Mileage Penalties
Most lease agreements include strict mileage limits—typically 12,000 miles per year. Exceed those limits, and you could be hit with steep excess mileage charges. Choosing the buyout option means you won’t have to pay those fees at the end of the lease.
Minimize Wear and Tear
Leases come with penalties for excess wear and tear like scratches, dings, or upholstery damage. Buying the car lets you keep the vehicle you already know—without facing charges from the lessor.
Take Advantage of Equity
Thanks to rising used car values, your car may be worth more than the buyout amount listed in your lease. If the value of the car exceeds its residual value, buying it could be a smart financial move—especially if you’re planning to keep it or use it for trade-in later.
Early Lease Buyout Option
Don’t want to wait until the end of your lease? An early lease buyout can be a smart way to avoid lease payments and long-term penalties—especially if you’re approaching or have exceeded mileage limits, or your car has minor damage. It’s a proactive way to lock in the value of the car before depreciation continues to impact its worth.
Simple, Online Lease Buyout Process
1. Apply in minutes
Start your auto lease buyout application online or over the phone. Just enter some basic information about your lease agreement, leased vehicle, and current lender.
2. Review Your Offers
We’ll work with a network of trusted partners, including your credit union, to offer you a competitive rate on your car loan. Our goal? To help you finance your buyout amount with flexible financing options, low monthly payments, and minimal down payment—no surprises.
3. Sign & Finalize Online
E-sign your documents from anywhere. We’ll finalize your car lease buyout and fund the auto loan, all from the convenience of your mobile device. Interest accrues from the date of the new vehicle loan contract.
Things to Consider Before a Lease Buyout
Before you commit to the purchase option, it’s important to weigh a few key factors:
- Residual Value vs. Market Value: Is the value of the vehicle more than the buyout price? That can mean instant equity.
- Condition & Mileage: Consider current wear and any excess mileage. If you’re likely to be charged, buying could help avoid those penalties.
- Lease Term & Period: Know how far along you are in the lease period. Early buyouts might include different terms depending on your lessor.
- Sales Tax & Fees: Some states charge sales tax on the purchase price. Be aware of any additional fees involved in the lease buyout.
- Warranty: If your new car warranty is expiring, consider purchasing an extended warranty to cover future repairs on your now used car.
Why AUTOPAY?
- We work with your existing lender, credit union, or help you find new financing options
- Fast online application and approval
- Options for customers with a wide range of credit scores
- Over 700,000 loans funded and counting
- Competitive interest rates and transparent terms
Let’s Make That Car Yours
Buying out your lease shouldn’t be complicated. Whether you’re looking to avoid lease penalties, build equity, or just keep the car you love—AUTOPAY is here to help you take ownership of your leased vehicle with confidence.
Apply now to start your car lease buyout—and take control at the end of your lease.