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: No unexpected 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 5.70% APR1
| 36 months: | as low as | 5.70% |
| 48 months: | as low as | 5.85% |
| 60 months: | as low as | 5.89% |
| 72 months: | as low as | 6.18% |
| 84 months: | as low as | 6.94% |
For older model vehicles, we offer a 48-month loan starting from 11.26%.
Enjoy savings of up to $300 on these insurance add-ons!
Get $1502 off each—Guaranteed Asset Protection (GAP) insurance and Mechanical Breakdown Protection—giving you peace of mind and coverage no matter what the road throws your way.
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
To obtain a payoff amount, visit the Request Center in Online Banking or through the Mobile Banking App.
Payoff amount valid for 10 days.
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 5.70%.
Enjoy savings of up to $300
Unlock exclusive savings and protection for your vehicle! Save $150 each on GAP and mechanical breakdown coverage.
Coverage not required for lease buyout.
Find answers to common leasing questions
How do I get my lease payoff amount?
You can obtain your payoff amount in the Request Center of Online Banking or the Mobile Banking App.
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 low-cost coverage that helps you pay off your auto loan by protecting you from the “gap” between your vehicle’s depreciated value and the amount you still owe if it is totaled or stolen. As a special offer to Affinity leaseholders, you can protect yourself with GAP coverage for just $449 when buying out your vehicle.
What is Mechanical Breakdown Coverage?
Breakdowns happen, but breaking the bank doesn’t have to! With 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.
Plus, you can save $150 off your Mechanical Breakdown Coverage plan when you finance your buyout with Affinity. Get a quote
Related articles to help guide you.
Residual value, current vehicle value, and calculating LTV
Understanding residual value, current value, and loan-to-value ratio is key to making informed lease decisions.
Should I buy out my lease? A comprehensive guide
When your vehicle lease term nears its end, you might face a crucial decision: should you buy out your lease?
Buy or lease my next vehicle; what's the right move
When it comes to a new car, deciding whether to buy or lease can have an impact on your financial situation.
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