Car Lease Buyout Loans in 2025

Save money with low rates when you buy out your lease

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Lender User rating Best for Starting APR Term Amount
Auto Approve logo
4.78/5
Saving money with a short loan term 5.49% 12 to 96 months $10k –
$150k
Autopay logo
4.6/5
Small lease buyout loans 4.85% 24 to 96 months Up to $100k
Lease End logo
4.98/5
No-hassle lease buyout loans 5.24% 36 to 84 months Up to $250k
myAutoLoan logo
Review coming soon
Fast funding 4.59% 24 to 72 months Starting at $8k
RefiJet logo
4.92/5
Customer satisfaction 4.49% Up to 96 months Up to $200k
Tresl logo
4.02/5
Bad credit 4.77% 24 to 84 months Starting at $8k

Compare top car lease buyout loans

Best for: Saving money with a short loan term – Auto Approve

  • 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
  • $550 doc fee rolled into the loan
  • Must borrow at least $10,000.00
  • 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 months.

You can also stretch your payments out over as many as 96 months 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.

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

Best for: Small lease buyout loans – Autopay

  • 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.

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+
  • Income: At least $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

  • Completely online lease buyout process
  • Handles car title, plates and registration for you
  • Bad credit OK
  • Charges a $799 doc fee
  • Can’t handle registration if you live in New York 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 $799 doc fee on your Lease End loan. Also note that Lease End can’t save you a trip to the DMV if you live in New York.

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

  • 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.

To qualify for a lease buyout loan with lenders via myAutoLoan, you’ll need to meet the following requirements:

  • Credit score: 600+
  • Age: 18+
  • Income: $21,600+
  • Residency: Any state except Hawaii and Alaska

Best for: Customer satisfaction – RefiJet

  • 4.9/5 stars for customer satisfaction from LendingTree users
  • Fair credit OK
  • No prepayment penalty
  • Charges $495 doc fee
  • Must have at least six months on current lease

RefiJet earns top marks in customer satisfaction, with 98% of LendingTree users recommending RefiJet’s auto loans. You can read RefiJet customer reviews to learn more about why customers love working with the lender.

Keep in mind that like many other lease buyout lenders, RefiJet charges a doc fee to cover the cost of creating the loan.

To qualify for a RefiJet car lease buyout loan, you’ll need to meet these requirements:

  • Minimum credit score: 580+
  • Lease requirements: Minimum of six months on current lease

Best for: Lease buyouts for bad credit – Tresl

  • 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
  • Charges $225 – $495 doc fee

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 to $495.

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.

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

1. Fill out a form
Take two minutes to tell us about yourself, your car and when you need the money.

2. Compare your offers
If you qualify, we’ll send you offers from up to five lenders from the nation’s largest lender network.

3. Get your money
You’ll choose the lender that fits your budget and needs and send in a formal application. They’ll send you the money for your lease buyout if you’re approved.

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.

Can’t afford to wait?

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.

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.

Our methodology

We reviewed 46 lenders to determine the overall six best 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, RefiJet and Tresl.

LendingTree partners with dozens of auto lenders, but partners and non-partners receive equal treatment in our scoring and review process.