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Chevrolet Lease Buyouts: Why It Might Be Time to Put a Ring on Your Ride
Published 11/20/25
Estimated Read Time: 5 minutes
TL;DR: Thinking about a Chevrolet lease buyout? Whether you’re driving a Silverado, Equinox, or the zippy Bolt, buying your leased Chevy could be the smartest move you make.
You've had your Chevy for a few years. You've grocery-shopped together. Road-tripped together. You've yelled at traffic together. Now the lease is ending, and you're faced with a decision:
Return it? Or make it yours forever?
If you're leaning toward the “put a ring on it” option, welcome to the world of Chevrolet lease buyouts.
It’s less complicated than it sounds—especially if you're using Lease End to handle the paperwork, financing, and DMV shuffle for you. Let’s break it all down.
What Is a Chevrolet Lease Buyout?
A lease buyout is when you decide to purchase your leased Chevrolet instead of turning it back in. You can do this at the end of your lease, or early if you’re ready to commit before your term is up.
It’s like skipping the whole dating pool and just marrying the car that’s already been loyal to you. No test drives. No awkward small talk. No suspicious smells from previous owners.
Chevrolet Lease Buyout Statistics
Here at Lease End, we've done more than 45,000 lease buyout loan transactions, including hundreds of Chevrolet lease buyouts. While the following numbers are averages, they can give you an idea of what you might expect for your new monthly payment for your particular model. (Of course, loan terms are highly dependent on credit score, down payment, and several other factors.)
For the most accurate estimate on your new payment, check out our AI-powered lease buyout calculator.
| Model | Average Monthly Buyout Loan Payment | Average Retail Book Value | Average Mileage at Lease End |
| Blazer | $545.72 | $30,560 | 30,769 |
| Camaro | $535.32 | $37.586 | 27,490 |
| Colorado | $536.11 | $34,099 | 36,236 |
| Equinox | $431.75 | $24,150 | 31,040 |
| Malibu | $327.98 | $20,013 | 37,299 |
| Silverado | $659.77 | $39,270 | 39,328 |
| Suburban | $803.96 | $53,251 | 51,620 |
| Tahoe | $841.33 | $55,161 | 40,494 |
| Trailblazer | $399.83 | $24,221 | 32,102 |
| Traverse | $558.88 | $33,012 | 37,128 |
| Trax | $355.94 | $200,601 | 27,698 |
*Data proprietary to Lease End. Please cite this article if referenced.
Why Drivers Are Buying Out Their Chevys
1. You Know the Car’s History
You’ve been the only driver. You know where every scratch came from (don’t worry, we won’t tell your garage wall). That peace of mind? Priceless.
2. Used Car Prices Are Still Wild
The market’s still catching up from pandemic-era shortages, and a lot of Chevy leaseholders are finding their residual value is lower than the car’s market value. (Translation: You might be sitting on instant equity.)
3. You Avoid Extra Fees
Mileage overage? Excess wear-and-tear? Return fees? Not if you buy it out. You skip those costs and keep the car you already love.
How Much Does a Chevrolet Lease Buyout Cost?
Here’s what goes into the total cost of buying out your Chevy:
| Cost Item | What It Means |
| Residual Value | The pre-set buyout price in your lease agreement |
| Remaining Payments | Only if you’re buying out early |
| Purchase Option Fee | Usually $300–$500, depending on GM Financial |
| Sales Tax | Based on your state’s rate—Lease End calculates this for you |
| Title & Registration | Standard DMV costs to make the car officially yours |
To get your exact number, ask GM Financial for a payoff quote—or better yet, have Lease End do it for you. We love that kind of thing.
When Should You Buy Out Your Lease?
End-of-Lease Buyout
The most common route. Your lease term ends, you write a check (or get financing), and the car is yours. Easy.
Early Lease Buyout
If your Chevy’s market value is way higher than the residual value, it might make sense to buy it out early. That equity? You can keep it—or sell the car and pocket the profit.
Just check your lease and make sure the math works for an early lease buyout. Lease End can help crunch the numbers for you.
Can You Finance a Chevy Lease Buyout?
Yep. In fact, most people do. You can go through a bank, credit union, or (our favorite option) let Lease End compare financing offers for you online.
What You’ll Need:
- Payoff quote from GM Financial, also called your residual value
- Basic personal info (income, ID, etc.)
- Down payment (depending on credit)
- Title and registration docs (which Lease End handles!)
Can I Buy Out My Lease Online?
Absolutely. You don’t have to set foot in a dealership—or a DMV (we shudder just typing that). Lease End lets you:
- Get your payoff quote
- Compare lenders
- Handle DMV and title transfer
- Complete everything from your couch
- Compare lenders
- Handle DMV and title transfer
- Complete everything from your couch
It’s the most efficient thing you’ll do all week.
Special Notes About GM Financial
GM Financial (Chevy’s leasing arm) used to only allow buyouts through dealerships. But as of late 2023, they’ve reopened third-party buyouts—meaning platforms like Lease End can handle your lease buyout without dealership involvement.
This means no more pressure from the finance guy, no last-minute upsells, and no "mystery admin fees" to inflate your final price.
Wrap-Up: Should You Buy Out Your Chevy?
You might want to buy out your Chevrolet lease if:
- You love the car and know its history
- The buyout price is lower than market value
- You want to avoid mileage or return fees
- You don’t want to roll the dice on the used market
And if you want the process to be fast, easy, and free of dealership nonsense?
Let Lease End do the heavy lifting.
Let Lease End do the heavy lifting.
We’ll help you buy out your leased Chevy, handle financing, and manage all the annoying DMV paperwork—without you ever needing to put on real pants.
About the author
Adam Broud
Adam Broud is a writer and comedian based out of Salt Lake City, Utah. As a professional stand-up comedian with an MBA, his writing uniquely blends the worlds of business and comedy. Adam's writing for ads and comedy has appeared in places such as Buzzfeed, Vanity Fair, your television, and his mom's box of keepsakes. Feel free to review his writing from any of those places, but just know it's kinda weird if you choose his mom's house.
Lease End's mission is to empower auto lease owners with the technology to easily exit their lease. If you'd like to learn more about the lease-end options available to you, please don't hesitate to contact us. Our expert advisors are always prepared to answer your questions and are committed to finding the right plan for your individual needs.
©2025 Lease End
©2025 Lease End
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