Do you love your leased vehicle, but now it’s time to turn it in?

Harvard FCU can help you stay in your car and buy out your lease! We offer loans with competitive rates and flexible repayment terms, up to 72 months.

How it works:

  1. Approval. Getting approved is easy! Complete our simple online application in just a few minutes. We’ll get back to you within 1 business day to let you know if you are pre-approved and to outline next steps for your application.
  2. Gather your documents.
    • Official lease buyout letter from leasing company
    • Odometer disclosure from leasing company
    • Title Release Letter from leasing company (if applicable)
    • Registration and Titling Form from your insurance company, sign and stamped
    • Insurance binder listing Harvard FCU as the lienholder from your insurance company
  3. Close on your loan. Your loan closing can be done remotely or in -person with one of our representatives. We will reach out to you once it’s time to schedule your loan closing, and you can select the option that works best for you.
  4. Receive your title and register your vehicle. Once your loan is closed, payment will be sent directly to the leasing company by Harvard FCU. You will receive the title and bill of sale in the mail, which you will need to register your vehicle.

Note: Harvard FCU does not finance lease buyouts outside of MA.

1. The Green Auto Loan discount is only available to members that purchase a hybrid or electric (all-electric or battery-electric) vehicle.

2. Certain credit restrictions apply. 110% financing on auto loans is subject to credit review and a down payment could be required.

3. No Payment for 60 Days – Qualifying members may select to defer their first payment for 60 days from the loan funding date. Interest will accrue during deferral period and this offer is subject to credit union approval. This is optional, you may start paying your loan off right away. This option is only for automobiles.

Loan Example: $1,000.00 loan at 7.99% for 72 months. Monthly payment is $17.53 with total finance charges of $262.04 and total repayment of $1,262.04.