With Vehicle Age Reaching 12.6 Years, Lease Buyouts Offer a Smarter Alternative
In 2024, rising car prices and market uncertainty led more drivers to explore lease buyouts as a practical and financially sound option. Today, Lease End—a tech-driven company reshaping the auto lease buyout process with proprietary innovations, AI-powered efficiency and driver-focused solutions—announced that they delivered $75.7 million in consumer savings in 2024 alone, setting a new standard for transparency and convenience in the auto industry.
“Lease End is redefining what it means to navigate the end of a car lease, which has historically been an inefficient and confusing process for lessees,” said Zander Cook, co-founder and CRO of Lease End. “In 2024, as vehicles leased during the pandemic reached the end of their terms, our consumer-focused approach drove a 150% growth in sales volume and revenue. This proves that putting drivers in control with transparent tools and support isn’t just innovative—it’s transformative.”
Helping Consumers Navigate the Road to Ownership
In a year of financial challenges and shifting auto trends, Lease End’s tools and support simplified the journey—guiding drivers from confusion to clarity, and from leased vehicles to owned ones delivering real savings and tangible value to drivers:
- Meaningful Savings: Lease End drivers avoided over $75.7 million in fees by retaining vehicle equity and avoiding lease buyout fees, including avoiding more than $26 million in over-mileage fees.
- Average Savings Per Driver: Drivers saved an average of $5,328 by buying out their leases instead of returning vehicles.
- Unlocking Equity: On average, Lease End customers realized $6,864 in equity, turning lease payments into ownership.
- Simplified Financing: With tailored loan options provided through trusted partners like Ally Financial and JP Morgan Chase, Lease End facilitated over $390 million in financing, enabling drivers to complete lease buyouts in minutes—stress-free and without the hassle of a dealership.
“Looking ahead, 2025 is poised to be the year of lease buyouts,” said Cook. “With the average vehicle age hitting a record 12.6 years and used car values remaining high, buyouts are becoming the most practical and cost-effective choice for drivers. In a volatile market shaped by rising residual values, slowing EV adoption and the growing challenge of upside-down leases, Lease End’s streamlined, consumer-first approach is designed to provide stability and financial confidence. We’re excited to continue making this process seamless, transparent and accessible in 2025—helping consumers take ownership of their vehicles with confidence.”
To learn more about how Lease End is helping drivers take control of their lease-end experience or to take steps toward a buyout, visit www.leaseend.com.
About Lease End
Based in Burley, Idaho, Lease End is a fintech company empowering auto lessees with the technology to easily and confidently exit their leases. Founded in 2020 with a mission to simplify the lease buyout process, Lease End provides drivers with the tools and resources to make decisions that are truly best for them. By replacing the dealership-driven leasing cycle with a transparent and accessible alternative, Lease End delivers a modern, driver-first experience. Through seamless technology, competitive financing options, and trusted support, Lease End helps drivers avoid unnecessary fees, unlock equity, and transition from leased vehicles to ownership—without the headache.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250123786830/en/
Contacts
Joshua Heath
Ampliphi Communications
josh@ampliphicommunications.com
