Break your lease the easy way and sell your leased vehicle to Clutch. Fill out a few details about your car, schedule an appointment online and we'll handle your lease buyout - that's it!
Get a firm offer online
We'll buy out your lease for you
No repairs or prep needed
It only takes 1-2 minutes to fill out a few details about your car and get a firm offer. Any difference between that value and the lease buyout goes in your pocket.
We'll pay the dealership out for your lease directly. No need to visit the dealership.
No advance cleaning, repairs, or tune-ups required when selling your leased car to us. We will buy your car just the way it is!
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Sell your leased car to Clutch
Meet our biggest fans
Very pleased with my dealings with Clutch. Easy transaction through the website.
Januka B.
London, ON 4 months ago
Smooth transaction from the start. I sold my Hyundai Accent and I got better price compared when I'm selling it privately. Their website is easy to use and straight forward.
Emma P.
Brampton, ON 5 months ago
Selling my car through Clutch was surprisingly a pleasant experience! The drop-off team was friendly and courteous.
Elizabeth M.
Acton, ON 24 days ago
4.7 stars, 3,000+ reviews
Looking for a lease takeover or lease buyout?
What is a Lease Buyout?
A lease buyout, also known as breaking a lease, is the process of purchasing your leased vehicle from the leasing company. Instead of returning the car at the end of the lease term, you pay the remaining value of the car, known as the residual value, along with any applicable fees. This allows you to own the vehicle outright.
How does a lease buyout work?
A lease buyout involves paying the leasing company the residual value of the vehicle, plus any remaining payments and a purchase option fee if applicable. The residual value is predetermined at the start of the lease and reflects the car’s estimated worth at the end of the lease term.
How is a lease buyout different from a lease takeover?
A lease takeover involves transferring your existing lease to another person, who then takes over the remaining payments and terms of the lease. In contrast, a lease buyout means purchasing the leased vehicle outright, either at the end of the lease term or earlier.
How is the Lease Buyout Price Calculated?
The buyout price includes:
- Residual Value: The car’s estimated worth at the end of the lease.
- Remaining Payments: Any payments left on the lease term.
- Lease Buyout Fee: A fee charged by the leasing company for the buyout option.
These values can be found on your lease agreement.
At Clutch, we charge a one-time fee of $999 that covers everything involved in buying out your lease, including the lease buyout fee paid to the leasing company.
Understanding Lease Buyouts
At Clutch, we make selling your leased car a breeze. Here’s how:
Simplified Process
Avoid dealing with dealerships, financial institutions, or other parties. You only need to work with us for a seamless experience.
No Cash Needed for Lease Buyout
Don’t worry about buying out your lease before selling. We handle the financial aspects, so you don’t need to come up with the cash.
Tax-Free Lease Buyout
Save money by avoiding the 13% tax normally associated with lease buyouts in Ontario. With Clutch, there’s no tax on the buyout.
We Manage the Paperwork
Leave the lease management and paperwork to us. We handle all agreements and process the necessary documents.
Professional Detailing and Repairs
Forget about cleaning, detailing, or repairing your car. Our in-house professional auto detailers handle everything.
Hassle-Free Safety Certification
Skip the hassle of organizing and paying for a Safety Standards Certificate. We take care of that for you.
Stress-Free Transactions
Experience a laid-back selling process with no last-minute haggling or high-pressure upsells into a new car.
Quick Cash Payout
Receive your payment quickly. We deposit cash into your bank account within hours of selling your car.
Large Lease Buyout Coverage
Here are the makes we acquire for lease buyouts:
- Acura, Genesis, Honda, Hyundai, Infiniti, Kia, Mazda, Mitsubishi, Nissan, Subaru, Toyota, Volkswagen
Choose Clutch for a straightforward, convenient, and customer-focused way to sell your leased car.
Why sell your leased car to Clutch?
Lease Buyout Calculator
Enter your remaining payment total and residual value.
Lease Buyout Amount: $0
How do I sell my leased vehicle to Clutch?
Selling your leased vehicle to Clutch is a straightforward process:
1. Get an Instant Offer: Visit Clutch’s website and enter your vehicle details to receive a firm offer.
2. Accept the Offer: Review and accept the offer if you’re satisfied with it.
3. Provide Lease Information: Supply Clutch with your lease buyout letter.
4. Schedule Appointment: Schedule an appointment to sell your leased vehicle to Clutch.
5. Complete the Buyout: Clutch handles the lease buyout payment directly with the leasing company, covering all remaining payments and fees.
6. Vehicle Transfer: Drop off your vehicle at a designated location or arrange for Clutch to pick it up.
7. Get Paid: Once the buyout is complete and the vehicle is transferred, you will receive your payment via e-transfer.
Get extra cash in your pocket by selling your leased car to Clutch and maximizing the money you get.
