Make your car yours: Buy out your lease
Skip the hassle of searching for a new vehicle and enjoy the comfort of the car you already love. With flexible financing options, competitive rates, and personalized support, we’ll help make your lease buyout seamless and affordable.
Benefits of buying out your lease
- No surprises: You’re already familiar with the car’s condition and history.
- Avoid extra costs: May help avoid certain lease-end costs such as mileage overages or wear-and-tear fees.
- Avoid the hassle: No need to shop for a new vehicle or worry about returning the lease.
Affinity's used auto loan rates
Flexible terms—we offer attractive financing options starting at 5.45% APR1
| 36 months: | as low as | 5.45% APR |
| 48 months: | as low as | 5.60% APR |
| 60 months: | as low as | 5.80% APR |
| 72 months: | as low as | 6.05% APR |
| 84 months: | as low as | 6.35% APR |
For older model vehicles, we offer a 48-month loan starting from 7.60% APR.
Estimate your loan payments
Our auto loan calculator makes it easy to estimate your monthly payments so you can plan with confidence and find a term that fits your budget.
How to buy out your lease
Get vehicle's payoff amount
Request a lease buyout quote (also known as a 10-day payoff) from your leasing company.
If Affinity Member, log in to Request Center.
Apply for a used auto loan
Complete a quick online application and make sure to include your vehicle’s payoff amount to get started.
Auto rates as low as 5.45% APR for qualified borrowers..
Protect Your Vehicle
Stay protected with GAP Insurance and Mechanical Breakdown Protection when it matters most.
Coverage not required for lease buyout.
Find answers to common leasing questions
When should I start the buyout process?
It’s recommended to start the buyout process at least 30 days before your turn-in date.
What other costs are involved with buying out my lease?
Official fees, such as taxes, tags, and registration fees may apply when registering the vehicle in your name.
Do I need to pay tax when buying out my vehicle?
Yes, you will need to pay sales tax on the residual value of your vehicle when you register it. Since sales tax was only paid on your lease payments, the remaining amount is due when buying out the car. With Affinity, you can include the sales tax in your loan amount, so you don’t have to pay out of pocket.
What is Guaranteed Asset Protection (GAP)?
Guaranteed Asset Protection, or GAP, is an optional, add-on insurance product for financed or leased vehicles that covers the difference ("gap") between what you owe on your loan and your car's actual cash value if it is totaled or stolen. It prevents you from paying out-of-pocket for a vehicle you can no longer drive.
What is Mechanical Breakdown Coverage?
Breakdowns happen, but breaking the bank doesn’t have to! With optional Mechanical Breakdown Protection from Affinity, you get added protection from unexpected expenses resulting from covered mechanical or electrical failures.
Added benefits include 24/7 towing and emergency roadside assistance, as well as rental reimbursement. Keep your new or used car covered against breakdowns long after the manufacturer’s warranty expires.
AUTO KNOWLEDGE ARTICLES
Buy out your lease with an Affinity auto loan
Affinity provides low rates and flexible payment terms to make buying out your vehicle lease easy.
Apply Online