A lease buyout allows a lessee (you) to purchase and keep their leased car. If you finance this purchase with a lease buyout loan, you’ll keep driving and making monthly (loan) payments on the vehicle, without worrying about mileage limits or wear-and-tear.

If you like your leased car and don’t want to let it go, a lease buyout can be a great deal on a “used” car that you’re already familiar with.

Your leased vehicle will be considered "paid off" once you have fulfilled all lease obligations, including any remaining lease payments and fees. The exact timing depends on your lease agreement and payment schedule.

The duration of the lease end process can vary depending on several factors, including the leasing company's procedures and the condition of your vehicle. Typically, it may take a few weeks to complete the necessary paperwork and inspections.

During the lease term, the leasing company retains ownership of the vehicle. However, you are responsible for its care, maintenance, and any lease-related obligations.

Yes, you can choose to buy out your lease by paying the full remaining balance in cash. However, it's essential to consider the impact on your credit score, as early lease terminations or large cash transactions may affect your credit profile. We recommend consulting with our auto loan agents at LoanShield to explore the best options for your situation.