Lease Buyout

A lease buyout is when you purchase your leased vehicle at the end of your lease term. The purchase price is based on the residual value — the amount listed in your original lease contract. You're not negotiating that number from scratch. It was set when you signed your lease. There are two types of buyouts: an end-of-lease buyout (the most common) and an early buyout, which happens before your term ends. At Earnhardt Hyundai San Tan, we'll walk you through whichever path applies to your situation, clearly and without pressure.

Why Buying Out Your Lease Can Make Sense

There are several good reasons to consider buying out your lease rather than returning the vehicle.

• You know the car. You know how it was driven and maintained. There are no surprises.

• Avoid return fees. Returning your lease may come with a disposition fee and charges for excess mileage or wear. A buyout eliminates those costs.

• Your residual value is fixed. The buyout price in your contract doesn't change based on market conditions. That's a real advantage when used vehicle prices are strong.

• Market value may work in your favor. If your Hyundai's current market value is higher than your residual value, you're buying below market.

For many Gilbert-area drivers, these factors add up to a decision that makes financial sense.

How the Lease Buyout Process Works at Earnhardt Hyundai San Tan

The process is simpler than most people expect. Here's how it works:

1. Review your lease agreement. Find your residual value and the total buyout amount. This information is in your original contract.

2. Contact our finance team. Reach out to Earnhardt Hyundai San Tan's finance department to discuss your options. We'll answer your questions and outline next steps.

3. Apply for financing. You can finance your buyout through Hyundai Motor Finance or another lender we work with. The application process is similar to financing a used vehicle purchase.

4. Sign and drive. Once your financing is approved and paperwork is complete, the vehicle is yours. You leave as the owner.

There's no pressure to rush. We recommend reaching out at least a few months before your lease-end date so you have time to review your options.

Financing Your Lease Buyout

Earnhardt Hyundai San Tan works with multiple lenders to help you find a financing option that fits your budget. Hyundai Motor Finance is the captive lender for Hyundai leases, and they offer buyout financing directly. Your credit profile, loan term, and rate will vary based on your individual situation.

Financing a buyout works similarly to taking out an auto loan on a used vehicle. Our finance team can help you compare options and understand your monthly payment before you commit. We recommend contacting us before your lease ends so you're not rushed.

Apply for financing today and take the first step toward owning your Hyundai.

Serving Gilbert, Chandler, Queen Creek, and Beyond

Earnhardt Hyundai San Tan is the closest Hyundai dealership for drivers in Gilbert and the surrounding East Valley communities, including Chandler, Queen Creek, and San Tan Valley. We're part of the Earnhardt Auto Centers family, which has been serving Arizona drivers since 1951. That history means something to us. We're not going anywhere, and we treat every customer the way a locally rooted dealership should.

If you're approaching the end of your lease and want to explore your options, our team is ready to help. Contact us today. 

Ready to Start Your Lease Buyout in Gilbert, AZ?

Ready, set, go!  Talk to our finance team to start your lease buyout in Gilbert, AZ. We'll review your lease details, walk you through financing options, and answer any questions you have — no pressure, no runaround.

Use this online contact form to get started any time.  Or call (480) 608-2684 during business hours.

Looking for something new instead? Explore our new Hyundai inventory or pre-owned vehicles to find the car you want, if you're weighing all your lease-end options.