Buy out A lease
What will your lease buyout payment be? Get an estimate with our car loan calculator.
The Car Lease Buyout Process
Our members rave about our vehicle financing. Apply today and find out why. Here’s how:
Contact your leaseholder.
- Ask your leasing bank’s representative or dealership for the amount needed to buy out the remainder of your lease.
Apply online or over the phone.
- Gather the information you’ll need, including the amount to buy out the remainder of your lease.
Get loan approval.
- You’ll receive your loan decision fast in most situations – often within minutes and usually the same day.
Finalize the sale.
- We’ll deliver an AutoCheck in the amount of your payoff. Your leaseholder will transfer the title to us until you’ve repaid your purchase loan. You’ll be responsible for registering your car at the department of motor vehicles (DMV) in your state.
Auto Loan Rates
|1-36 Months||2.49%||New / Used Auto|
|37-60 Months||3.49%||New / Used Auto|
|61-84 Months||3.99%||New / Used Auto|
|85-120 Months||8.74%||New / Used Auto|
* APR denotes Annual Percentage Rate
*Rates reflect a .25% APR reduction for Automatic Payment Service and loan amounts up to 100% of the retail value of the vehicle. Your rate will increase if you discontinue Automatic Payment Service. PSECU will charge an additional 2% to the current interest rate when financing a vehicle for more than 100% and up to 120% of the retail value, and an additional 3% to the current interest rate when financing a vehicle for more than 120% and up to 130% of the retail value. PSECU will only finance up to 100% of the retail value of the vehicle for refinance of an existing PSECU vehicle loan. The Manufacturer's Suggested Retail Price determines new vehicle values; Kelley Blue Book® or other authorized guides determine used vehicle values. Minimum value is $3,000. PSECU makes all final decisions regarding vehicle value and proper rate. Loan rates are subject to change. See the Consumer Note, Disclosure and Security Agreement at psecu.com/disclosures or call 800.237.7328. Kelley Blue Book® is a registered trademark of the Kelley Blue Book Co., Inc.
Vehicle Loan Terms
|Types||Value (Minimum)||Loan Amount (Minimum)||Term (Maximum)|
|New & Used Vehicles||$40,000||$40,000||120 months|
|New & Used Vehicles||$20,000||NA||84 months|
|New & Used Vehicles||$12,000||NA||72 months|
|New & Used Vehicles||$8,000||NA||60 months|
|New & Used Vehicles||$6,000||NA||48 months|
|New & Used Vehicles||$3,000||NA||36 months|
Does Buying Out Your Lease Make Sense?
What to know when deciding to lease vs. buy your vehicle.