Buy out your lease and keep the car you know.
You know this car — its service history, the way it drives, that it has no surprises. A lease-buyout loan covers the residual at a fixed rate so you can keep it, without a return trip to the dealership’s finance desk.
Fixed rates from
7.99%APR with AutoPay*
Assumes excellent credit. Your rate is determined by your credit profile, amount, and term.
Checking your rate does not affect your credit score.
What it covers.
- Paying the contractual residual (purchase-option) amount
- Covering buyout sales tax and title transfer costs
- Beating a lease-end mileage or wear-and-tear penalty by keeping the car
- Avoiding the dealer’s marked-up buyout financing
Why a Lightstream loan.
Skip the finance-desk markup
A dealer will happily finance your buyout — at their rate. Arriving with your own fixed-rate loan turns the buyout into a simple cash transaction on your terms.
A payment you set before you commit
You already know the residual. Enter it in the calculator and you know your monthly payment before you exercise the option — no negotiation, no reveal at signing.
No wear-and-tear reckoning
Keeping the car means the lease-end inspection, mileage overage, and reconditioning charges never apply. The buyout closes the lease cleanly.
Funds ready when the option is
Same-day approval for qualified applicants means the money is in your account when the purchase-option window opens, so you never miss the date.
Loan amounts and terms.
- Loan amounts
- $3,000 – $100,000
- Repayment terms
- 2–12 years
| Loan term | APR range with AutoPay* | Example payment per $10,0002 |
|---|---|---|
| 3 years | 7.99%–18.99% | $313.32/mo |
| 4 years | 8.79%–19.79% | $247.85/mo |
| 5 years | 9.69%–20.69% | $210.95/mo |
| 6 years | 9.69%–20.69% | $183.70/mo |
| 7 years | 10.79%–21.79% | $170.12/mo |
| 10 years | 10.79%–21.79% | $136.56/mo |
Funds can be received as soon as the same business day for applications approved before 2:30 p.m. Eastern time.¹
Frequently asked questions.
Your leasing company lists a purchase-option or residual figure in the contract and will provide a current payoff quote, which includes any remaining payments and buyout fees. Borrow that amount plus applicable tax; the calculator lets you enter the precise number.
Most states charge sales tax on a lease buyout, calculated on the purchase price. Because the loan funds to your account, you can size it to cover both the residual and the tax so nothing comes out of pocket at the counter.
It depends on the residual versus the car’s market value. When a car is worth more than its contractual residual — common in tight used-car markets — buying it out captures that gap. The fixed loan payment lets you compare the true cost against starting a new lease.
The purchase option is contractual — if your lease includes one, exercising it is your right, not the leasing company’s decision. You pay the residual, they release the title, and the lien records to Lightstream.
Related loan purposes.
Disclosures
*Loan terms vary by loan purpose, amount, term, and credit profile. The lowest advertised rates require excellent credit. 29.46% of approved applicants who applied for the lowest rate qualified for it, based on data from 01/01/2026 to 03/31/2026. The rate quoted includes the AutoPay discount; the AutoPay discount is only available prior to loan funding, and rates without AutoPay are 0.50% points higher. All loans are subject to credit approval; additional conditions and limitations apply. Advertised rates and terms are subject to change without notice.
¹Same-day funding is available if your loan is approved on a banking business day and, by 2:30 p.m. Eastern time, you complete these steps: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; (3) complete the final verification process.
²Example payments are per $10,000 borrowed at the lowest APR shown for that term, include the AutoPay discount, and assume excellent credit. Your payment is determined by your amount, term, and credit profile.
Payment example: Monthly payments for a $10,000 loan at 7.24% APR with a term of 3 years would result in 36 monthly payments of $309.87.
Maximum APR for a Lightstream loan is 25.39%. Loan terms range from 24 – 240 months depending on the loan purpose.