Benefits of an automible Term Mortgage Buyout Buyout Compared to. Refinancing A great buyout transmits your loan to a different lender, usually leading to ideal payment terms minimizing rates dos . Throughout the a good buyout, the brand new lender takes care of your existing title financing and takes fingers of your vehicle's term once the collateral until the the financing try totally paid back 1 . Refinancing, likewise, renegotiates this new terms of your current financing unlike moving it to a different lender. 11036