Love Your Lease?

If your lease is ending and you’re wondering whether to return it or keep it, you’re not alone. An auto lease buyout can be a smart financial move, especially in today’s car market. First Atlantic makes the process simple and we’ll even give you $50 when your loan closes.*

Check out our auto loan options for competitive rates.

What is a Lease Buyout?

At the end of your lease, you typically have two options:

• Return the vehicle
• Purchase the vehicle for its residual value (the price set in your lease contract)

A lease buyout loan allows you to finance that residual value and turn your leased vehicle into a traditional auto loan so you own the car.

When does a Lease Buyout make sense?

A lease buyout may make sense if:

Your Car Is Worth More Than the Residual Value
If the market value of your vehicle is higher than what the lease says you can buy it for, you may be getting built-in equity.

You’ve Taken Great Care of It
You know its maintenance history, driving habits, and condition.

You Want to Avoid Fees
Turning in a lease can trigger:

• Excess mileage charges
• Wear-and-tear penalties
• Disposition fees

New Car Prices Are High
In today’s market, keeping a reliable vehicle may be more affordable than starting over.

Buying Out Your Lease Is Easier Than You Think

Step 1: Tell us about your vehicle and lease
Step 2: We review your buyout amount and loan options
Step 3: You complete the paperwork and own your car
Step 4: We deposit $50 into your savings account upon loan closing

Don’t Turn It In Until You Explore Your Options.

You may already have equity in your vehicle.

Let’s see if buying it out makes financial sense for you.

See My Lease Buyout Options

_{*Receive $50 when you finance $20,000 or more with a new direct member loan. Offer excludes refinancing of current member loans.}