Lease Buyout Auto Loans

With a vehicle lease buyout
from PNC Bank, you can make your ride your own.[1]

Check Current Auto Loan Rates*

Lease Buyout Loan Key Features

Apply Today

Apply for an auto loan online, by phone or at a branch.[1]

Get 0.25% Off Your Rate

Interest rate discount comes with maintaining automated payment with a PNC checking account.[2]

Close the Loan

A check will be sent to the creditor to pay off the existing loan.[1,3]

Bankrate Awards - 2023 Best Auto Loans From a Bank

Named Best Overall

Auto Loans From a Bank

— Bankrate, 2023

How It Works

View the lease buyout auto loan process.

Apply

Apply for an auto loan online, by phone or at a branch.[1]

Buy Your Existing Car

Once you close at a PNC branch, a check will be sent to the creditor to pay off the existing loan.[1,3]


Reminder: Important Title Information

Reminder: You will be responsible for transferring the vehicle’s title to your name and placing PNC’s lien on the title.

Steps when transferring ownership of title: 

  1. You need to be listed as a registered owner on the vehicle title.
  2. Have PNC Bank be listed as lienholder on the title.

How To Apply for a Lease Buyout Auto Loan

View the lease buyout auto loan process.

The essentials:

  • The dollar amount that you would like to borrow
  • One form of photo ID (driver's license, state-issued ID or U.S. passport)
  • Current address and previous, if less than two years
  • Current employer and previous, if less than two years
  • Previous address, if at current address less than two years
  • Previous employer, if with current employer less than two years
  • Your annual income and any other income to be considered

If you are applying with a co-applicant, you will need their:

  • Current address and previous, if less than two years
  • Current employer and previous, if less than two years
  • Annual income and any other income to be considered

Prior to Applying for the Auto Loan:

You will need to obtain the actual purchase price of the vehicle. At that point, you may want to review your vehicle lease contract as well as contact your state Department of Motor Vehicle or comparable agency for additional information around where to go to complete the title transfer, fees, and taxes, and additional information required by your state to complete the title transfer. You are responsible for paying these expenses. You may want to consider including these fees and/or taxes into the requested loan amount.

By Phone

Mon - Fri: 8am to 9pm ET
Sat - Sun: 8am - 5pm ET

Upon closing the auto loan, responsibility falls on you and the leasing company to make the changes to the title. Title could be sent to PNC Bank from prior lienholder. If that happens, you will be contacted by a representative from PNC Bank. They will send the title and all paperwork from prior lienholder to you to get the transfer completed. Additionally, any fees all taxes incurred during this transaction are your responsibility to pay. PNC Bank is not responsible to pay or reimburse you for those fees or taxes.

Additional items may be required: Clean Title, State Department of Motor Vehicle form, Odometer Reading, Proof of Insurance, Notarized Bill of Sale, Copy of Driver's License, Power of Attorney Form, etc. Each state's requirements may differ, recommend contacting your state Department of Motor Vehicle for what is required.

Steps when transferring ownership of title: 

  1. You need to be listed as a registered owner on the vehicle title.
  2. Have PNC Bank be listed as lienholder on the title.

More Information about Lease Buyout Titles

The SCRA provides financial relief and protections to eligible servicemembers and their dependents. PNC is grateful for your service and we would like to help you understand your benefits and protections under SCRA as well as other similar benefits that PNC may be able to provide to you.

To find out more, please contact us at:

Phone: 844-PNC-SCRA (844-762-7272)

Fax: 855-568-4532

Email: Servicemembers@pnc.com

PNC Bank
Servicemembers Operations Center, BR-YB58-01-U
PO Box 5570
Cleveland, OH 44101-0570

Monthly Payment Estimate Calculator

The tools and calculators provided are for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. Please consult your financial, tax or legal advisor regarding your unique situation.

Insights

Utilize PNC's Insights articles to help you make an informed auto-buying decision.

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When is the Best Time to Buy a Car in 2023?

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