You can’t refinance a leased car the same way you would a traditional auto loan. 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.

Yes, you can refinance your lease buyout loan later, and it may save you money. Many drivers start with a lease buyout loan to secure their car quickly, then refinance once they’ve improved their credit, paid down principal, or interest rates have dropped.