The lease buyout process
GM Financial makes ownership simple. If you’re interested in purchasing your leased Chevrolet, you have several options. Whether you prefer to meet with someone in person or complete the process online, you can choose the path that fits your needs and comfort level. Each option is designed to give you flexibility, so you can move forward at your own pace and with the level of support that works best for you.
You can work directly with your dealership if you’d prefer in person guidance, or complete your lease buyout online through Mode by GM Financial for a convenient, self service experience. If you'd like to request your Purchase Option Price, you can log in to MyAccount. No matter which route you choose, you’ll have access to the information and support you need to take the next step toward ownership. This flexibility makes it easier to make your current vehicle yours for good.
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What is a lease buyout?
Capture the value of your Chevrolet
A lease buyout allows you to pay off the remaining value of your leased vehicle, securing ownership of the Chevrolet you’ve come to rely on. At the end of your lease, choosing to buy out your vehicle means you can maintain the connection you’ve built, avoid mileage restrictions, skip disposition and excess wear fees, and enjoy all the practical benefits of having a Chevrolet that’s truly yours.
Chevrolet vehicles are designed with unmatched reliability and enduring quality, giving you confidence in every mile. By buying out your lease, you're making an investment in a vehicle that’s built to go the distance, promising performance, utility and lasting value for years to come.
Chevrolet lease buyout guide and options
Learn how to transition from leasing your Chevrolet to ownership with GM Financial's streamlined lease buyout process.
The benefits of a lease buyout
Owning a Chevrolet means saying goodbye to mileage restrictions, repair limitations and excess usage fees. It offers financial clarity, empowering you to personalize your vehicle as you see fit.
Beyond practicality, owning your trusted Chevrolet means building equity in a vehicle known for performance, reliability and value retention. Whether it’s sturdy utility, fuel efficiency or classic design, being the owner of a Chevrolet makes every drive better, on your terms.
Lease buyout FAQ
For even more answers to frequently asked questions regarding
buyout costs, disposition fee waivers, purchase options and
dealership processes, visit our FAQ page.
Lease Buyout
A lease buyout is the process of purchasing the vehicle you’re currently leasing, allowing you to keep it instead of returning it at the end of your lease.
This option is typically available at the end of your lease, though you may be able to buy out your lease earlier. Once the buyout is complete, the vehicle is yours, and you transition from leasing to ownership.
Check your lease contract for more information on the lease buyout option, or contact us by logging in to MyAccount online or in the GM Financial Mobile app.
The cost to buy out a lease is usually based on your vehicle’s residual value, plus any remaining lease payments, taxes and applicable fees.
Your residual value is outlined in your lease agreement and represents what the lender estimated the vehicle would be worth at lease end. If you buy out early, your payoff amount may also include remaining monthly payments. Additional costs can include sales tax, title and registration fees, and a purchase option fee, all of which can vary by state.
When you purchase through GM Financial, you can avoid third-party charges and documents fees. Log in to MyAccount to request your purchase option price. This quote is good for up to 10 days.
Buying out your lease can be a good idea if your vehicle’s buyout price is lower than its current market value or if you simply want to keep a car you know and trust.
Many customers choose a lease buyout to avoid mileage overage or wear charges, or because they’re happy with the vehicle’s condition and history. It can also make sense in strong used‑vehicle markets, where resale prices are higher than expected. Comparing your buyout cost to what a similar vehicle would sell for elsewhere can help you decide if it’s the right move.
Yes, you can finance a lease buyout with a loan, which allows you to spread the cost of purchasing your vehicle over time instead of paying the full amount upfront.
Lease buyout loans work similarly to traditional auto loans. The loan typically covers the buyout price along with taxes and fees. Your monthly payment will depend on factors like loan term, interest rate, and credit profile.
Mode by GM Financial offers lease buyout financing you can trust from a provider you’re used to working with. And, when you finance your lease buyout through Mode, you can avoid third-party charges and document fees that might be applicable through other companies.
Lease buyout options built for you
Financing your Chevrolet lease buyout should feel just as easy as your drive. With GM Financial, you’ll find flexible financing options designed to fit your budget and what matters most to you. You can apply to prequalify through Mode by GM Financial in just a few clicks to see competitive rates and terms; no guesswork required.
As a trusted partner in auto financing, GM Financial is here to support you every step of the way. From leasing to ownership, we make the transition simple so you can move forward with confidence.
Your trusted partner
Buying out your Chevrolet lease is a big decision, and GM Financial is here to help make it easier. Our Customer Experience team is ready to answer your questions and walk you through the lease buyout process, whether you’re exploring financing options or connecting with your Chevrolet dealership to take the next step.
We’re committed to clear, dependable support you can count on. When you’re ready to move from leasing to ownership, GM Financial is here to help.
Own the Chevrolet you love
Turn your lease into lasting ownership.
Your Chevrolet isn’t just a vehicle; it’s your trusted companion on life’s journey. You already trust its dependability, admire its craftsmanship and experience its durability every day. If you’re not ready to say goodbye, let us guide you in taking the next step to keep what you love.
GM Financial offers flexible financing options and expert support to make the transition from leasing to owning effortless, empowering you to confidently move forward with a vehicle that continues to inspire.