A lease buyout is a little different from other auto financing. At the end of a lease, some people decide to pick out a different car and begin a new lease or buy their current leased vehicle with a lease buyout loan.

With a lease buyout, you purchase the car you have been leasing and make it your own. The interest rate for a lease buyout is generally higher than the interest rate for other types of auto loans, but if your lease term is coming to an end and you have your heart set on purchasing the vehicle, then it is worth it.

There are different rules and regulations associated with a lease buyout, and there are additional fees as well. You are required to pay all the taxes and registration fees out of your own pocket because these fees cannot be rolled into a lease buyout loan.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Auto Loans Tip Site? Request a Tip Now!

Guru Spotlight

Byron White

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!