Auto Lease Buyout
Ready to own your leased vehicle? Explore lease buyout financing options and apply for an auto loan with Honor Credit Union.
Thinking About Buying Your Lease?
If you’ve enjoyed driving your leased vehicle and don’t want to give it up, buying out your lease could be an option. A lease buyout lets you purchase the vehicle you’ve been leasing instead of returning it to the dealership.
Before you get started
- Find your lease-end buyout amount
- Review your lease agreement
- Check your mileage and vehicle condition
- Compare the buyout amount with the vehicle’s current value
- Explore your financing options
What is a Lease Buyout?
A lease buyout gives you the option to purchase your leased vehicle instead of returning it when your lease ends. If you’ve enjoyed driving your vehicle and want to keep it, you can buy it for the amount outlined in your lease agreement, plus any applicable fees and taxes. Financing your lease buyout with an auto loan can help make the purchase fit comfortably into your budget.
How To Terminate The Lease
It’s important to know the details involving a buyout in your lease contract. We recommend you contact your dealership or leasing agency to find out how to terminate the lease.
Residual Value
Also known as buyout amount, the residual value is non-negotiable, and depends on vehicle year, make and model, and other lease details.
Vehicle Condition
The amount you owe when the lease expires can increase if your vehicle exceeds the mileage limits set in the lease agreement. You can also be charged for excessive wear and tear. If you complete a lease buyout, you won’t be charged for excess miles or wear and tear.
Ready to Make Your Vehicle Yours?
Once you know your lease buyout amount, we can help you find the right financing option to purchase it. If you leased through one of our partner dealerships, get pre-approved before you head to the dealership so you can shop with confidence and know your financing is ready to go. Leased somewhere else? No problem. Apply directly with us, and we’ll help you take care of the rest.
Leased Through an Honor Partner Dealership?
Get pre-approved before heading to the dealership. That way, you have your financing ready and can approach the buyout process with confidence.
Leased Somewhere Else?
No problem! You can apply directly with Honor for financing to purchase your leased vehicle.
Auto Loan Rates
We want you to have all of the information you need to make a decision about whether or not to buy out your vehicle lease. View our rates table, and use our calculators to help you. We offer competitive low rates on all of our loans.
Auto, Light Truck, Motorcycle Rates
| Term | Rates as low as |
|---|---|
| Up to 48 months | 4.99% APR* |
| 49 - 60 months | 5.49% APR* |
| 61 - 75 months | 5.89% APR* |
| 76 - 84 months | 6.79% APR* |
| 85 - 96 months | 7.69% APR* |
| Rates accurate as of Nov 03, 2026 |
*APR = Annual Percentage Rate. Advertised stated rates reflect 0.25% APR* rate discount for borrowers with credit score of 750+ at time of loan application. Your rate may be higher depending on your credit history, loan purpose, amount, term, mileage, vehicle year, and other underwriting factors. 61-75 month financing requires a minimum loan amount of $10,000.00. 76-84 month financing requires a minimum loan amount of $20,000. 85 – 96 month financing requires a minimum loan amount of $30,000.00.
Payment Example: $30,000 at 5.49% APR for 60 months equals $573.03/mo
Payment Calculator
Use this calculator to determine your monthly loan payment, or get an estimate of your total purchase price.
Early Payoff Calculator
Use this calculator to determine how much interest you could save by increasing your monthly payment.
Loan Protection
When you have an auto loan with Honor Credit Union, not only are you receiving excellent member service and a great rate, but also the peace of mind that comes with our loan protection options.
Payment Assistance
We know that life take can take unexpected turns you just can’t budget for, from employment changes to medical emergencies. We want to be by your side throughout your journey, good or bad, so we have several payment assistance options to help you when times get tough.
Skip-A-Payment
Holiday shopping, unexpected life events, and other personal situations can leave your account balance a little short when it’s time to make a loan payment. Our Skip-A-Pay program helps you navigate those times.
Financial Planning
Our financial wellness partner at GreenPath Financial will work with you on-on-one to evaluate your situation, put a budget in place, establish a payment plan, and help you get back to achieving your financial goals!