Keep the Car You Love for Less
Buy Your Leased Vehicle with Confidence
You love your car. You know its history. You trust how it drives. So why give it back?
If you’re nearing the end of your auto lease and love the car you’re driving, a lease buyout loan from TEG Federal Credit Union can help you keep it. Instead of returning your vehicle or starting a new lease, you can purchase it at a competitive rate, all with guidance from a local team that puts your financial well-being first.
What is an Auto Lease Buyout?
An auto lease buyout allows you to purchase your leased vehicle at the end of your lease (or sometimes earlier) for a set buyout amount listed in your contract. It’s a smart option if you want to:
A lease buyout gives you a long-term ownership and removes the uncertainty that comes with returning a leased vehicle.
Why Choose TEGFCU for Your Lease Buyout Loan?
Competitive Rates & Flexible Terms
As a not-for-profit credit union, we offer competitive loan rates, flexible repayment terms, and affordable monthly payments designed with members in mind.
Fast, Easy Online Application
Apply in minutes from any device.
Most decisions are quick, so you can move forward
without delays.
Local Credit Union Service
Our team provides honest guidance throughout your lease-end process helping you understand your buyout amount, evaluate your options, and choose the financing that works best for your goals.
No Prepayment Penalties
Pay off your loan early if you’d like — and save even more in interest.
Benefits of Buying Out Your Leased Vehicle
- You already know the car’s condition
- No surprise dealership fees
- No mileage overage charges
- Stable ownership costs
- Competitive financing with a trusted credit union
- No pressure to shop or negotiate
How to Finance a Lease Buyout Through TEGFCU
Check Your Lease Agreement
Locate your lease-end purchase price (residual value) and any additional fees.
Apply for a Lease Buyout Loan
Submit a quick online application to lock in a rate and see your financing options.
Finalize Your Buyout
We’ll walk you through the paperwork, payment, and next steps.
Ready to Buyout Your Leased Car?
TEG Federal Credit Union is here to make your auto lease buyout simple, affordable, and stress-free. Whether you’re ready to apply today or want help understanding your buyout options, we’re here to guide you every step of the way.
Get started with an easy online application — or connect with one of our local loan specialists today.
Auto Lease Buyout FAQs
Is buying out your auto lease a good option for you? Weigh these key considerations before you decide.
Explore Resources
Join TEGFCU
At TEGFCU, your best interests have always been our focus. As a better alternative to banks, our mission is simple, to help you get to a better place financially.
Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, NY. A $5 minimum deposit opens the door to all the benefits of being a valued TEGFCU member.
When we come together, everyone grows.
