Lease buyout loan | Buying your leased car

What is a lease buyout loan?

You should start thinking about your plans for the end of your lease term three to six months in advance. One option is to buy out your lease. A lease buyout loan lets you purchase the vehicle for the amount noted in your lease agreement.

If you have a U.S. Bank auto lease, for example, your purchase option price is calculated as the residual value (the value of the vehicle at the end of the lease) plus a purchase option fee as noted in your lease agreement. The total payoff amount will also include applicable taxes, fees and any other outstanding amounts from your lease.

Calculate estimated lease terms

The terms of a lease buyout loan depend on many factors, including your creditworthiness and the market demand for the vehicle. Experiment with different realistic values in the calculator below to get an idea what terms might be available to you.

How much do you need?

Enter the amount to finance.

Minimum $5,000

How long to pay it back?

Enter a term length.

Minimum 12 months, maximum 72 months

Estimate your interest rate.

Enter an Interest Rate.

Between 0.00% and 10.00%

After you’ve entered your details, select Calculate to see your estimated payment.

Your estimated monthly payment

This is an estimate based on the information you entered. Your actual vehicle payment may be different.

Benefits of buying your leased vehicle

A vehicle you love

You’ve spent the duration of your lease driving this exact vehicle, so you know it inside and out.

Avoid mileage charges

If you’ve accidentally gone over your allowable mileage per your lease agreement, you may avoid mileage and wear charges.

A simple transition

No need to coordinate inspections or dealership visits. In most cases, apply and finalize everything electronically.

Avoid excess wear and use

If you had a mishap that qualifies as excess wear and use, purchasing lets you avoid additional charges.

How do you apply for a lease buyout loan?

With our quick and easy application, you could have a decision in minutes. You do not need to have a U.S. Bank auto lease to apply for a lease buyout loan with U.S. Bank.

Step 1: Apply

Have a few pieces of information ready:

Your lease agreement and most recent leasing statement
The vehicle year, make, model, VIN and mileage
Registration and insurance details

Apply Now

Step 2: Finalize

You’ll be asked to upload a few documents:

Vehicle registration
Payoff letter

If approved, you can sign your final closing documents electronically.

Step 3: Enjoy

It’s official. Your once leased car is now your own. You’ll be able to easily set up your loan payments from the U.S. Bank Mobile App or online banking.

GET STARTED

Apply now

Call 800-473-6372

Make an appointment

Disclosures

Equal Housing Lender