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Lease Buyout

Love your car, but your lease is ending? Buy it!

 

LorMet offers lease buyout financing. Rather than turn in your vehicle at the end of your lease term, you can buy your car. And a loan from LorMet can help you own your car instead of just paying to drive it.

Call a LorMet Lending Specialist at (440) 960-6600 to discuss the lease buyout process and what to expect. You can apply online or at a branch when you’re ready to get started.

 


What is a lease buyout?

At the end of your auto lease, you have two options: turn in the car or buy it. What to do? Turning it in means you’ll have to find another car to purchase or lease. Buying your car means you get to keep the car you have known, loved, and maintained.

When to buyout your lease?

Some lease contracts will allow early buyout (i.e. before the end of the lease). However, there are usually substantial early termination fees when you do this. Waiting until lease-end eliminates the early termination fees.