Can You Refinance A Leased Car?

Adam Broud

Published 6/6/25

Read Time: 6-7 minutes

TL;DR: You can’t refinance a leased car the same way you would a traditional auto loan, but you can buy out your lease with a lease buyout loan. This lets you keep your car and potentially lower your monthly payments. Lease End makes the process simple by finding you the best loan rates and handling all the paperwork.

A car on a hand being recycled into a dollar sign.

So, you’re leasing a car, and the monthly payment is starting to feel like it was designed specifically to drain your bank account. Maybe you’re in a tight financial spot, or maybe you’re just tired of overpaying.

Either way, you’re probably wondering: Can I refinance my leased car to lower my payments? 🤞

The answer is...not exactly. Lease refinancing isn’t really a thing.

However, what is a thing—and what might actually work better for you—is a lease buyout loan. This allows you to finance the remaining cost of your leased vehicle, keep the car you love, and possibly lower your monthly payments in the process.

In 2024 alone, Lease End helped drivers save over $75,000,000 by retaining vehicle equity and avoiding costly lease buyout fees. If you’re looking for a way to take ownership of your car without overpaying, a lease buyout might be your best move.

So, let’s break it all down.

What Is a Lease Buyout Loan?

A lease buyout loan is basically your way of “refinancing” a leased car. Instead of returning your vehicle at the end of your lease term (or signing up for a new, probably more expensive lease), you take out a loan to buy the car you’re already driving.

This can be a great option if:

You love your car and don’t want to start over with a new one.
Your monthly lease payment is too high, and you want a more affordable loan.
Your car is worth more than its buyout price, meaning you could keep it for less than market value.
You want to stop worrying about mileage limits, wear-and-tear fees, and dealership upsells.

Sounds pretty good, right? It is—if you can get the right loan. That’s where Lease End comes in.

Why a Lease Buyout Loan Might Be Cheaper Than Your Lease Payment

Here’s the thing about leasing: when you lease a car, part of what you’re paying for is depreciation. And not just normal depreciation—the leasing company basically assumes your car will lose value faster than it actually does, which inflates your monthly payment.

But when you buy out your lease, that depreciation math changes.

Instead of paying for the possibility of your car losing value, you’re financing a fixed amount—the buyout price—which may be lower than what the car is actually worth.

According to Lease End’s proprietary data, drivers can often qualify for lower monthly payments with a lease buyout than they would with a brand-new car lease. Instead of rolling into another brand-new lease with higher payments, a buyout loan can keep your monthly costs more predictable and affordable.

If you can secure a good interest rate on your loan, your monthly payment could actually be lower than your current lease payment. That means more money in your pocket each month.

How Lease End Helps You Get the Best Loan Rates

Now, you could go bank-hopping, filling out loan applications and hoping for the best. But who has time for that? (Hint: Not you.)

Here’s what Lease End does instead:

Shops multiple lenders to find you the best loan rates in minutes
Handles all the paperwork, so you don’t have to
Takes care of the DMV hassle (yes, really)
Gives you a transparent, stress-free process—no dealership runarounds, no surprises

Basically, we take the lease buyout process and make it as easy as ordering takeout.

How to Buy Out Your Lease (And Possibly Save Money)

Check your lease agreement—Look for your car’s buyout price (a.k.a. residual value). This is what you’d pay to purchase your leased vehicle.
See what your car is worth—If the buyout price is less than what your car is selling for on the market, you could be getting a great deal.
Secure a lease buyout loan—This is where Lease End makes life easy. We’ll help you lock in the best interest rate and lowest monthly payments.
Sign & drive—Once the loan is secured, we’ll handle the paperwork. All you have to do is keep driving the car you already love.

Should You Buy Out Your Lease?

Still on the fence? Here’s a quick rundown of who should strongly consider a lease buyout:

✔ You love your car and don’t want to switch.
✔ Your buyout price is lower than the car’s market value (instant equity!).
✔ You want to lower your monthly payments.
✔ You’re tired of mileage limits and dealership fees.

If this sounds like you, a lease buyout loan could be a game-changer.

Final Thoughts: Can You Refinance a Leased Car?

Technically, no—you can’t refinance a leased car the same way you’d refinance a regular auto loan. But you can take out a lease buyout loan, which is basically the next best thing (and often a better deal overall).

By buying out your lease, you keep your car, potentially lower your payments, and build equity—instead of throwing money at another lease.

Want to see how much you could save with a lease buyout loan? Start the process with Lease End today by filling out the form below.

GET STARTED WITH YOUR LICENSE PLATE

Use VIN

About the author
Adam Broud

Adam Broud is a writer and comedian based out of Salt Lake City, Utah. As a professional stand-up comedian with an MBA, his writing uniquely blends the worlds of business and comedy. Adam's writing for ads and comedy has appeared in places such as Buzzfeed, Vanity Fair, your television, and his mom's box of keepsakes. Feel free to review his writing from any of those places, but just know it's kinda weird if you choose his mom's house.

Lease End's mission is to empower auto lease owners with the technology to easily exit their lease. If you'd like to learn more about the lease-end options available to you, please don't hesitate to contact us. Our expert advisors are always prepared to answer your questions and are committed to finding the right plan for your individual needs.

©2025 Lease End

Give Us a Call:

(844) 902-2842