Auto Lease Buyout

The best way to find out if we can finance your vehicle is to refer to your lease agreement. We can finance almost any vehicle, with some exceptions:

• It is going to be used primarily for business or commercial purposes (delivery or rideshare services, taxi, police, etc.)

• It has a branded title (salvage, flood, fire, etc.)

• It has unrepaired collision or comprehensive damage

• It has more than one lien

• It was financed less than seven months ago

Refer to your lease agreement for full details.

We do what’s called a ‘soft credit pull’ for prequalification. That lets us take a quick look at your credit profile without impacting your score.

We’ll wait to do a ‘hard credit pull’ once you decide to officially apply for credit. This lets us see all the information we need to approve you for financing. This might affect your credit score because the inquiry becomes part of your credit profile.

It typically takes a few days. It can take longer depending on how quickly we can get all the information we need and how long it takes to verify your payoff quote.

You might. The best way to find out is by getting prequalified. Don’t worry, applying for prequalification doesn’t impact your credit score.

We can finance the purchase of your leased vehicle if:

• You’re at least 18 years or older—unless you live in Alabama, then it’s 19

• You’re a U.S. citizen, resident alien, or non-resident alien who currently lives in the U.S.

There might be other exclusions, but if you’re eligible to apply, we’ll check your income, expenses, debt, financing amount, credit profile, and the value of the vehicle you want to buy to see if you qualify.

Nope. There’s no application fee. Your state might charge fees for title, registration, and taxes, but we’ll help you sort any fees out during the financing process.

We offer terms ranging from 36 to 75 months. You can get prequalified to see what terms you’re eligible for.

You’ll need to gather the following information to fill out your prequalification application:

• Full name

• Phone number

• Address

• Housing type

• Rent or mortgage payment amount

• Length of time living at residence

• Date of birth

• Email address

• Monthly income

• Vehicle identification number (VIN) or plate number

• Vehicle mileage

• Current financing payoff amount

If you want to add a co-borrower, you’ll need their full name, address, phone number, date of birth, email address, and monthly income.

Yes, you need to make at least $2,000 a month to qualify for financing.

We’ll need the information you entered to get prequalified, plus:

• Your Social Security number (SSN)

• Employment details and history

• Vehicle Identification Number (VIN) or plate number of the vehicle you want to refinance

• Your vehicle’s year, make, model, and mileage

Yes, we can add or remove a co-applicant during the financing process.

Pro tip—If you want to shop around for financing, make sure all your ‘hard credit inquiries’ happen within 14-days. There are exceptions, and this is up to the credit reporting agency’s discretion, but credit bureaus typically count those as a single inquiry (if they all happen during that 14-day timeframe).

We decided to freshen things up a bit with a new name and improved experience. You can still get approved for vehicle financing online, just like before, but we’ve dropped ‘Clearlane’ from our name.

Financing for lease buyouts is available (almost) everywhere except Indiana, Nevada, Vermont, Wisconsin, and the District of Columbia.