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Lease Buyout Auto Loans

With a vehicle lease buyout from PNC Bank, you can make your ride your own.[1,2]

Have questions? 1-888-370-7344

Check Current Auto Loan Rates*


Named Best Overall
Auto Loans From a Bank
— Bankrate, 2023


Key Features of a Lease Buyout Loan

Apply Today

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


Get 0.25% Off Your Rate

Interest rate discount comes with maintaining automated payment with a PNC checking account.[3]

Close the Loan Fast

A check will be sent to the creditor to pay off the existing loan.[4].

How a Lease Buyout Loan Works

Step 1 — Research

Research how much car you can afford by reviewing rates and estimating a monthly payment. Find the accurate value of your car according to J.D. Power here.

Step 2 — Apply

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

Step 3 — 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[2,4].

View Important Disclosures »

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

Click here for more information


Tools & Calculators

Looking for how much car you can afford? Comparing the costs of a new vs. used vehicle? Use our auto loan calculators to understand your options and help you decide.

How to Apply for an Auto Loan

Find out what's involved in the car buying process — from the ways you can apply, to a list of what you'll need for your application.

What You Need to Know After Closing the Auto Loan

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.

Click here for more information


Learn More

How to Buy A New Car

Shopping for a new car can be a complicated experience, especially these days. Make sure you're prepared to get the best deal with these tips from PNC.

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How to Buy A Car Online

Car buyers can now complete much of the transaction without leaving home. Learn how to navigate the online car-shopping experience with this guide from PNC.

4 min read

How to Buy a Used Car

Shopping for a used car can be an overwhelming experience. Make sure you're well prepared for every step of the process with this detailed guide from PNC

5 min read

Car Warranty Scams: What to Watch For & How to Avoid Them

Whether through a phone call, text, email or letter, you've likely experienced a car warranty scam at some point. Get tips from PNC on how to deal with them.

3 min read

Lease Buyout Explained: Should You Buy Your Leased Car?

When the end of an auto lease period comes up, it's not always a given that you need to trade your wheels in for something new. While there are advantages to trading in your car, there may be benefits to buying your leased car.

4 min read

Paying Off Your Car Loan Early: Things to Consider

Thinking of paying off your car loan? While there’s the benefit of reducing your debt, take time to assess your personal financial position before making a decision. In this article, we highlight some of the important considerations to keep in mind.

3 min read

Important Legal Disclosures and Information

  1. Credit is subject to approval.

  2. Certain restrictions and conditions apply.

  3. Automated payment must be set up at loan closing from a PNC checking account to qualify for the 0.25% discount. If automated payment is discontinued at any time, you may no longer receive an automated payment discount and your rate will increase 0.25%

  4. May exclude weekends and holidays.

*Check Auto Loan Rates: APRs that will display include a 0.25% discount for automated payment from a PNC checking account. The lowest rates are available to well-qualified applicants. Your actual APR will be based upon multiple factors. Refer to “Important Disclosures" under “Get Rates” for more details. 

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