10 Top Lease Buyout Loans of February 2023
Here's what to expect as you shop for a car lease buyout loan.
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A car lease buyout loan finances the purchase of your leased vehicle, allowing you to keep a car you like or turn around and sell it on your own. Not all auto lenders make lease buyout loans.
A lease buyout is a good idea if the price is less than you would pay for the same vehicle on a dealer’s lot, or if you can avoid significant penalties for mileage and wear.
You can buy your leased vehicle at the end of the term for its residual value — the car’s projected value at the end of the lease — plus any fees, or before then at its lease buyout price, which is based on its residual value and the remaining lease payments. Either way, you would pay sales tax on the residual value.
>>MORE: What is a lease buyout?
Below you’ll find lenders who will finance a lease buyout and the requirements they typically impose, as well as current lease buyout loan rates.
A car lease buyout loan finances the purchase of your leased vehicle, allowing you to keep a car you like or turn around and sell it on your own. Not all auto lenders make lease buyout loans.
A lease buyout is a good idea if the price is less than you would pay for the same vehicle on a dealer’s lot, or if you can avoid significant penalties for mileage and wear.
You can buy your leased vehicle at the end of the term for its residual value — the car’s projected value at the end of the lease — plus any fees, or before then at its lease buyout price, which is based on its residual value and the remaining lease payments. Either way, you would pay sales tax on the residual value.
>>MORE: What is a lease buyout?
Below you’ll find lenders who will finance a lease buyout and the requirements they typically impose, as well as current lease buyout loan rates.
Top Lease Buyout Loans
Lender | Best for | Est. APR | Loan amount | Min. credit score | Learn more |
---|---|---|---|---|---|
![]() RateGenius - Lease buyout loan Learn more on RateGenius' website | Best for comparing offers from multiple lenders | 1.99- | $12,000- | 500 | Learn more on RateGenius' website |
![]() RefiJet - Lease buyout loan Learn more on RefiJet's website | Best for comparing offers from multiple lenders | 3.24- | $5,000- | 550 | Learn more on RefiJet's website |
![]() Tresl - Lease buyout loan Learn more on Tresl's website | Best for comparing offers from multiple lenders | 1.49- | $5,000- | 580 | Learn more on Tresl's website |
MyAutoloan - Lease buyout loan Learn more on MyAutoloan's website | Best for comparing offers from multiple lenders | 1.99- | $5,000- | 575 | Learn more on MyAutoloan's website |
![]() LightStream - Lease buyout loan Learn more on LightStream's website | Best for applying directly to a lender | 6.99- | $5,000- | 660 | Learn more on LightStream's website |
Autopay - Lease buyout loan | Best for comparing offers from multiple lenders | 1.99- | $2,500- | 560 | Read review |
![]() Gravity Lending – Lease buyout loan Learn more on Gravity Lending's website | Best for comparing offers from multiple lenders | 5.04- | $10,000- | 580 | Learn more on Gravity Lending's website |
![]() Lending Arts - Lease Buyout loan | Best for comparing offers from multiple lenders | 5.44- | $5,000- | 548 | Read review |
![]() Digital Federal Credit Union - Lease buyout loan | Best for applying directly to a lender | 3.74- | $2,500- | Did not disclose | Read review |
![]() Bank of America - Lease buyout loan | Best for applying directly to a lender | N/A | $7,500- | Did not disclose | Read review |
Our pick for
comparing offers from multiple lenders

on RateGenius' website
RateGenius - Lease buyout loan

Est. APR
1.99-Loan amount
$12,000-Min. credit score
500on RateGenius' website

on RefiJet's website
RefiJet - Lease buyout loan

Est. APR
3.24-Loan amount
$5,000-Min. credit score
550on RefiJet's website

on Tresl's website
Tresl - Lease buyout loan

Est. APR
1.49-Loan amount
$5,000-Min. credit score
580on Tresl's website
on MyAutoloan's website
MyAutoloan - Lease buyout loan
Est. APR
1.99-Loan amount
$5,000-Min. credit score
575on MyAutoloan's website

on Gravity Lending's website
Gravity Lending – Lease buyout loan

Est. APR
5.04-Loan amount
$10,000-Min. credit score
580on Gravity Lending's website
Lending Arts - Lease Buyout loan

Est. APR
5.44-Loan amount
$5,000-Min. credit score
548Our pick for
applying directly to a lender

on LightStream's website
LightStream - Lease buyout loan

Est. APR
6.99-Loan amount
$5,000-Min. credit score
660on LightStream's website
Want to compare more options? Here are our other top picks:
When applying for a lease buyout loan
A lease buyout loan is a secured loan. That means the lender takes title to the car as collateral while you make payments. Applying for a lease buyout loan is similar to applying for other types of auto loans, with a few differences. Here’s how to prepare.
Know your current credit score and history. You will need this information to know whether you will qualify for a lease buyout loan.
Check your credit score. You may qualify with scores in the low 500s, but the best rates will go to those with good to excellent credit.
Make sure you have a history of on-time payments with your current lease. Most contracts state that you can’t pay off your lease if it isn’t current.
Gather documents and information. The information requested on applications may differ by lease buyout lender, but you’ll likely need:
Your driver’s license and car insurance card.
Personal information such as your address, monthly housing payment and amount of time you’ve lived there. If you’ve moved recently, you’ll need information on your previous address. Some lenders will also ask for your Social Security number.
Employment information, including gross monthly income.
Have a copy of your current lease contract. It’s a good idea to check for any contractual requirements you must meet before you can buy the vehicle. You will also want to have:
The amount you still owe on the leased vehicle, the lease expiration date and name of the lease company. You can call the lease company to ask for the current buyout price. You can estimate the amount with a lease buyout calculator.
The residual value as stated in the original lease.
Leased vehicle information including year, make, model, mileage and Vehicle Identification Number (VIN).
Name of person on the lease. When buying out a lease, the vehicle typically must be titled under the same name it was leased. Some states allow you to change this with a power of attorney or a release from the finance company.
Last updated on January 13, 2023
To recap our selections...
NerdWallet's Top Lease Buyout Loans of February 2023
- RateGenius - Lease buyout loan: Best for comparing offers from multiple lenders
- RefiJet - Lease buyout loan: Best for comparing offers from multiple lenders
- Tresl - Lease buyout loan: Best for comparing offers from multiple lenders
- MyAutoloan - Lease buyout loan: Best for comparing offers from multiple lenders
- LightStream - Lease buyout loan: Best for applying directly to a lender
- Autopay - Lease buyout loan: Best for comparing offers from multiple lenders
- Gravity Lending – Lease buyout loan: Best for comparing offers from multiple lenders
- Lending Arts - Lease Buyout loan: Best for comparing offers from multiple lenders
- Digital Federal Credit Union - Lease buyout loan: Best for applying directly to a lender
- Bank of America - Lease buyout loan: Best for applying directly to a lender