Car Lease Buyout Loans in 2026
Save money with low rates when you buy out your lease
| Lender | User rating | Best for | Starting APR | Term | Amount | |
|---|---|---|---|---|---|---|
|
Saving money with a short loan term | 5.49% | 12 to 96 months |
$10k – $150k |
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|
Small lease buyout loans | 4.65% | 24 to 96 months |
$2.5k – $100k |
||
|
No-hassle lease buyout loans | 5.24% | 36 to 84 months |
$7.5k – $250k |
||
|
Fast funding | 4.59% | 24 to 72 months | Starting at $8k | ||
|
Bad credit | 4.65% | 24 to 84 months | Starting at $8k |
Learn more about how we made our picks for the best car lease buyout loans.
Compare top car lease buyout loans
Best for: Saving money with a short loan term – Auto Approve
- Starting APR
- 5.49%
- Pay less money in interest with one of the shortest loan terms on the market
- Only need fair credit to qualify
- Texting available if you have questions
- Must borrow at least $10,000
- Doesn’t offer loans directly
If you want to save money with a short car loan on your lease buyout, Auto Approve is your best bet. Its partner lenders offer some of the shortest car lease buyout terms available, making it possible to own your car outright in as little as 12 months.
You can also stretch your payments out over as many as 96 months in order to get smaller monthly payments, but you’ll pay more in interest with a longer car loan.
Make sure to budget for a $550 doc fee, which will be rolled into your loan. Doc fees are common dealer fees when you’re buying out your lease.
Read our full Auto Approve review.
To qualify for a lease buyout loan with Auto Approve, you’ll need to meet the following requirements:
- Credit score: 600+
- Minimum income: $2,000/month
Best for: Small lease buyout loans – Autopay
- Starting APR
- 4.65%
- Good if you don’t need to borrow a lot to cover your lease buyout
- Competitive rates
- Fair credit OK
- Doesn’t fund your loan directly
- Doesn’t provide information on doc or admin fees
While many lenders start lease buyout loans at or above $7,000, you can borrow far less with Autopay. This may make Autopay a good fit if you’re looking to bridge the gap between your bank account and buying your car with cash.
Autopay doesn’t specify whether it charges any documentation fees, and it doesn’t fund your loan directly. Instead, Autopay partners with auto loan lenders to match you with a lender that will give you money for your lease buyout.
Read our full Autopay review.
Autopay connects borrowers to partner lenders and financial institutions. These partners all have different eligibility requirements.
To use the marketplace, you and the vehicle you’re financing must meet the requirements below:
- Credit score: 580+
- Minimum income: $2,500 per month
- Vehicle restrictions: Car must be less than 10 years old and have no more than 150,000 miles
- Administrative: You must provide your driver’s license, insurance and proof of income and residence
Best for: No-hassle lease buyout loans – Lease End
- Starting APR
- 5.24%
- Completely online lease buyout process
- Handles car title, plates and registration for you
- Bad credit OK
- Doesn’t handle car title, plates and registration in every state
If you want to avoid the headache of handling all the car lease buyout paperwork, check out Lease End. Lease End specializes in lease buyouts, and it takes care of all of the administrative tasks associated with buying out your lease.
You may need to pay a $0-$799 doc fee on your Lease End loan, depending on the state.
Lease End doesn’t specify its eligibility requirements beyond a minimum credit score of 520. Learn more about what debt-to-income ratio you need for car loans and how to gather your car loan documents ahead of time.
Best for: Fast funding – myAutoLoan
- Starting APR
- 4.59%
- Get a check to buy your lease in as soon as 24 hours
- Fair credit OK
- Competitive starting rates for excellent credit
- Doesn’t fund loans directly
- Not available in Alaska or Hawaii
- Doesn’t provide information on doc or admin fees
If you’re in a rush to buy out your lease, myAutoLoan offers some of the fastest loan funding on the market. You can get a check to buy out your lease in as few as 24 hours. Plus, its starting rates are low, making it an excellent option for people with good credit looking to save money on interest.
But if you live in Alaska or Hawaii, you’ll need to look elsewhere for a lease buyout loan. And myAutoLoan doesn’t fund its loans directly. Instead, it matches you with partner lenders.
Read our full myAutoLoan review.
To qualify for a lease buyout loan with lenders via myAutoLoan, you’ll need to meet the following requirements:
- Credit score: 600+
- Age: 18+
- Minimum income: $21,600
- Residency: Any state except Hawaii and Alaska
Best for: Lease buyouts for bad credit – Tresl
- Starting APR
- 4.65%
- One of the lowest credit scores on the market for lease buyout loans
- Low starting rates for excellent credit
- Can complete the process online
- Doesn’t fund loans directly
While some lenders offer lease buyout loans for bad credit, Tresl’s credit threshold is one of the lowest on the market at just 500. But Tresl’s lease buyout loans are also a great option for borrowers with good or excellent credit who want to take advantage of some of the lowest starting rates on the market.
Tresl makes the lease buyout process easy, and you can complete most of it online. Just remember that you’ll need to pay a documentation fee of $225-$495.
Read our full Tresl review.
Tresl doesn’t specify its eligibility criteria beyond a minimum credit score of 500. Typically, auto lenders also consider your debt-to-income ratio and payment history when deciding whether to offer you a loan.
What is a lease buyout loan?
You can use a lease buyout loan to buy the car you’re leasing at the end of your lease term instead of returning it. Your lease contract will tell you if you’re allowed to buy out your car at the end of your lease.
How much your lease buyout loan will cost depends on a few factors:
-
Residual value of your car
This is how much the dealership decides the car is worth at the end of your lease, and how much you’ll need to pay to purchase the car. -
Fees
You may need to pay a purchase option fee to the dealership and a documentation fee to your lender. -
Taxes
Just like any time you buy a car, you’ll need to pay any state and local taxes on your car purchase. -
Interest
This is what you’ll pay your lender to borrow the money to pay for the car. Lease buyout loan interest rates start at around 5% at the time of this writing.
Want to learn more? Here’s everything you need to know about leasing a car.
How to get a cheaper lease buyout loan
Shop around
You won’t be able to avoid paying taxes and fees on your lease buyout loan, but you can minimize the interest you’ll pay. You can save thousands over the course of your loan by getting quotes from multiple lenders and choosing the one with the lowest rates.
Pay for part of your lease buyout in cash
To make your lease buyout loan cheaper, put down as much money as you can comfortably afford before taking out a loan. You’ll minimize the money you pay in interest, saving money over the length of your loan.
Find a lease buyout loan with LendingTree
You’d shop around for flights. Why not your auto loan? LendingTree makes it easy. Fill out one form and get lenders from the country’s largest network to compete for your business.
Tell us what you need
Take two minutes to tell us who you are and how much money you need for your vehicle — we’ll take care of the rest. It’s free, simple and secure.
Shop your offers
We’ll send you offers from up to five trusted lenders. Compare your offers side by side to see which one will save you the most money.
Get your money
Finalize your loan with your lender, and you’ll be on the road in no time. — you could see money in your account in as soon as 24 hours.
Can I get a lease buyout loan with bad credit?
Yes. Companies like Tresl and Lease End offer lease buyout loans for people with bad credit. But prepare to pay higher rates, which will make your loan more expensive.
Taking the time to improve your credit before applying for your lease buyout loan can potentially save you hundreds or thousands of dollars. A recent LendingTree study showed that raising your credit score from fair to very good can save you over $39,000 across common forms of debt including car loans.
If you need a lease buyout loan now but want to save money, you can move forward with a high-interest lease buyout loan and refinance your car loan down the line after you’ve had time to improve your credit.
Alternatives to lease buyout loans
Used cars
Best for: Saving money
You’ll have a lot more room for negotiation (and more options) when it comes to finding and buying a used car. This can translate to big savings.
Certified pre-owned cars
Best for: Minimizing risk
Certified pre-owned cars are refurbished up to the manufacturer standards and often come with extended warranties. This makes them ideal for buyers who want to minimize the risk of paying for costly repairs or maintenance charges.
Lease extension
Best for: Keeping your car without buying it
Some lease companies allow you to extend your car lease temporarily. If you’re not ready to make a decision about whether or not to buy your leased car, contact your leasing company to see if this is an option.
How we chose the best lease buyout loans
We reviewed 46 lenders to determine the five best overall lease buyout lenders. To make our list, lenders must offer lease buyout loans with competitive APRs. From there, we prioritized the following factors:
Accessibility: We chose lenders with auto loans that are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification, preapproval and application processes.
Rates and terms: We prioritize lenders with more competitive starting fixed rates, fewer fees and greater loan options for repayment terms, amounts and APR discounts.
Repayment experience: For starters, we consider each lender’s reputation and business practices. We also favor lenders that have self-service payment options (such as a mobile app), provide reliable customer service and offer unique perks.
According to our systematic rating and review process, the best car lease buyout loans come from Auto Approve, Autopay, Lease End, myAutoLoan and Tresl.
LendingTree partners with dozens of auto lenders, but partners and non-partners receive equal treatment in our scoring and review process.
Frequently asked questions
Yes, you can borrow money to pay for your lease buyout. Keep in mind that you will likely need to pay dealer fees like a documentation fee and title and licensing fees. Some lenders will allow you to roll these fees into your loan.
It can be. If you want to buy a used car but are worried about getting a lemon, buying out your lease can give you peace of mind that the car is road-worthy.
But if saving money is your primary concern, make sure to run your offers through a car loan calculator and compare your monthly payments for your lease buyout with your monthly lease payments to see if buying is worth it for you.
When you apply for a lease buyout loan, the lender will run a hard credit check to evaluate your credit history. This will cause your credit score to drop by a few points, but as long as you do your loan shopping within 14 to 45 days, all of the credit pulls will count as a single hit to your credit.