If you like your vehicle and want to keep it on the road rather than buying or leasing a new vehicle – you may want to do a lease buyout. On top of having to find or accept dealer financing for the remaining purchase price of your vehicle, many leases also have a large balloon payment at the end of the lease that can be more than two times the cost of an average payment. Gravity Lending can help you buyout your lease by refinancing your vehicle, skipping the large balloon payment, and giving you the ability to pay over a longer period of time with a payment and interest rate that works for you.
You can buyout your lease at any time.
In a lease, you essentially are paying for expected depreciation as well as rental costs. The good news is, as soon as you know you plan to keep the vehicle, you can buyout your lease at any given time during the lease period. There may be some leases with limitations to this option – but most vehicle owners will be able to buyout the vehicle’s lease. The advantage of this is lowering your monthly payments and interest rate.
How does the buyout lease process work?
Our Gravity Lending loan officers are standing by to walk you through the process and take care of all the heavy lifting! Even if you’re at the end of your lease and don’t have much time to make a buying decision, we can help you!
Call Gravity Lending at 888-602-1125 or request more information here. Our team will work to find you the best possible offer available. We can answer any questions you may have and provide loan estimates with no impact on your credit score!
1835 Kramer Ln.
Building B Ste 2-150
Austin, TX 78758
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