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.
Car Lease Buyout Loans in 2025
Save money with low rates when you buy out your lease
Published on:
March 21, 2025
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Auto Approve: Best for saving money with a short loan term
5.49%
12 - 96 months
$10,000 - $150,000
600
Pros
- 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
Cons
- $550 doc fee rolled into the loan
- Must borrow at least $10,000
- Doesn’t offer loans directly
What to know
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.
How to qualify
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
Autopay: Best for small lease buyout loans
4.85%
24 - 96 months
$2,500 - $100,000
580
Pros
- Good if you don’t need to borrow a lot to cover your lease buyout
- Competitive rates
- Fair credit okay
Cons
- Doesn’t fund your loan directly
- Doesn’t provide information on doc or admin fees
What to know
While many lenders start lease buyout loans at or above $7,000, you can borrow as little as $2,500 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.
How to qualify
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
Lease End: Best for no-hassle lease buyout loans
5.24%
36 to 84 months
$7,500-$250,000
520
Pros
- Completely online lease buyout process
- Handles car title, plates and registration for you
- Bad credit okay
Cons
- Charges a $799 doc fee
- Can’t handle registration if you live in New York state
What to know
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.
How to qualify
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.
myAutoLoan: Best for fast funding
4.59%
24 to 72 months
Starting at $8,000
600
Pros
- Get a check to buy your lease in as soon as 24 hours
- Fair credit okay
- Competitive starting rates for excellent credit
Cons
- Doesn’t fund loans directly
- Not available in Alaska or Hawaii
- Doesn’t provide information on doc or admin fees
What to know
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.
How to qualify
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
RefiJet: Best for customer satisfaction
4.49%
36 to 96 months
Up to $200,000
580
Pros
- 4.9/5 stars for customer satisfaction from LendingTree users
- Fair credit okay
- No prepayment penalty
Cons
- Charges $495 doc fee
- Must have at least six months on current lease
What to know
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.
How to qualify
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
Tresl: Best for lease buyouts for bad credit
4.77%
24 to 84 months
Starting at $8,000
500
Pros
- One of the lowest credit scores on the market for lease buyout loans
- Low starting rates for excellent credit
- Can complete the process online
Cons
- Doesn’t fund loans directly
- Charges $225 - $495 doc fee
What to know
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.
How to qualify
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.
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
- Fill out a form. Take two minutes to tell us about yourself, your car and when you need the money.
- Compare your offers. If you qualify, we’ll send you offers from up to five lenders from the nation’s largest lender network.
- 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.
How much is your vehicle purchase price?
$5,000
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
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.