To buyout a Chrysler lease, contact lease-end servicing for the purchase option price and arrange financing or payment to finalize the ownership transfer.
To buyout a Chrysler Capital Lease, first contact the lease-end servicing department to inquire about your purchase option price, which includes the residual value and any applicable fees. Then, arrange financing or make the necessary payment to complete the buyout, transferring ownership of the vehicle to you.
buyout allows you to purchase your leased Chrysler, Dodge, Jeep, RAM, Fiat, or Alfa Romeo at or before the end of your lease.
To buy out your Chrysler Capital lease, check your lease agreement, then contact the Chrysler Capital Allegiance Team.
Lease buyout pricing is calculated at the beginning of the lease.
A lease buyout can help you plan ahead and estimate costs, but it may not be the best option if your leased vehicle has sustained damage.
There are two kinds of lease buyouts
Whichever type of buyout you choose, the buyout price will be calculated at the beginning of the lease. The price you receive will be based on the car’s estimated value with normal wear when you’re scheduled to return it.
These are the two kinds of lease buyouts:
Lease-end buyout: Instead of returning your car, you can purchase it shortly before the lease is set to expire. A majority of drivers prefer this option.
Early lease buyout: If you don’t want to waste any more time renting your car, you can buy it out before the end of your lease.
How a Chrysler Capital lease buyout works
Still want to drive your car once your lease runs out? If you’re a lessee with Chrysler Capital, follow these steps to see how a Chrysler Capital lease buyout works.
Check your Chrysler Capital Lease Agreement: Look for the residual price plus any taxes, fees, and other additional charges on your contract. Add them together to arrive at the total amount you’ll need to pay to buy out your Chrysler.
Contact the Chrysler Capital Allegiance Team: Call (855) 383-0558 and let a representative know about your intent to purchase your vehicle.
through ChryslerCapital.com or check to see if you can qualify for better rates or lower monthly payments with a private lender, bank, or credit union. Eligibility may vary.
Sign the Leased Vehicle Odometer Disclosure Notice and Statement: You and your Chrysler Capital representative need to fill out the
through Chrysler Capital, consult credit unions, banks, or other lenders to compare rates. Covering all your bases will mean more savings for you!
Pro Tip: Have your Social Security number, monthly rent/mortgage, and income information ready to speed through your financing application.
Is a Chrysler Capital lease buyout worth it?
If you’ve been enjoying your leased Chrysler so far and see yourself being its owner, a lease buyout could be the next step. However, plan ahead and estimate how much you’ll end up paying for your lease buyout versus purchasing a new vehicle.
How to calculate Chrysler Capital lease buyout fees
Once you know your leased vehicle’s residual value—which should be listed on your Chrysler Capital lease agreement—you can estimate your buyout fees:
Estimate your car’s actual value: Use an online service like
to complete a self-inspection by checking for issues like dings, worn tire treads, and adherence to your mileage allowance.
You haven’t kept up with vehicle maintenance during your lease term
You’re hesitant about settling on your current vehicle
You can’t get approved for a low-interest rate or affordable monthly payment
If you’re struggling to decide if you want to keep your current vehicle or you just haven’t had the greatest driving experience, a lease buyout may not be for you. Keep in mind that if you choose to turn in your leased vehicle due to damage or excess wear, you should expect to see some added fees on your Vehicle Return Invoice.
You can either test drive a new model and start a new lease with Chrysler Capital or buy a brand-new car from your dealership. In the end, letting time pass will allow you to further build your credit score and land an even better interest rate when you are ready to buy something.
Bottom line: If you love your car, and its residual value is lower than its current actual value, a Chrysler Capital lease buyout is something you should consider.
4.7/5 rating on the App Store | Trusted by 5+ million customers and 7 million cars
