Consult our experts online or call 787-294-2568.

Receive a personalized service from the experts at Popular Auto and get the monthly payment you are looking for.

What is a lease?


A type of contract for vehicles that helps you find financing that meets your needs. You can choose between a contract with or without residual value for a term between 12 and 66 months1, or a contract without residual for a term between 12 and 72 months2.

Obtain benefits, such as:

  • Personalized service from an account executive
  • The residual value helps reduce the monthly payment
  • Financing for your auto insurance
  • 20% discount on daily rental of cars and trucks from Popular Auto3

Manage and pay your lease in:

  • Mi Banco
  • Popular Auto office in Caparra, Isabela and Ponce. Make your service appointment here

Greater accessibility and offers:

  • Visit our dealers across the island

How to apply?

Types of leases

Choose the one that’s best for you.


  • Open-end lease: A lease contract with residual value for a term between 12 and 66 months, and without residual up to 72 months. You’re responsible for the value of the contract during its duration and for the residual value at completion.
  • Closed-end lease: A lease contract for a term between 12 and 36 months. You’re responsible for all the monthly payments stipulated in the contract, but not for the residual value. Excess mileage, excess use, and damage fees may apply.
  • Step-up: A lease contract for up to 60 months that gives you a lower payment during the first year in exchange for a higher payment for the remainder of the contract.
  • Step-down: A lease contract for up to 60 months with a higher payment during the first year that decreases every 12 months thereafter.
  • Buy-back: Popular Auto purchases a new or used unit at market value and leases it to a third party.
  • Sale and lease-back: A transaction by which Popular Auto purchases a vehicle or fleet of vehicles and leases it back to the seller.

Calculate your monthly payment


Approximate payment*

$0.00/month


Start now

* The example does not include fees such as: origination, registration, license, maintenance, ACAA, or any other type of insurance premiums. Application subject to credit approval.

* The example does not include fees such as: origination, registration, license, maintenance, ACAA, or any other type of insurance premiums. Application subject to credit approval.

* The example does not include fees such as: origination, registration, license, maintenance, ACAA, or any other type of insurance premiums. Application subject to credit approval.

How to apply?

Online

Apply quickly and easily and get pre-approved before visiting the dealer.

Apply online

Call

Consult our experts and receive assistance in the application process to obtain a pre-approval.

Call
787-294-2568

Contact your dealer

Contact the dealer of your choice and identify the car of your dreams.

View dealers

Documents required to request Popular Auto credit

Frequently Asked Question

To learn about our list of frequently asked questions access our Resource Center.

Learn more

Discover everything Popular Auto has to offer you

Vehicle Rentals

Our car and truck rental service is available on a daily, weekly or monthly basis. Visit any of our locals throughout the Island.

Equipment Financing

Get the equipment you need either for personal or business use.

Auto Insurance

Learn more about the different types of coverage available.

Starting Connection

If you don’t have credit history, Starting Connection allows you to apply for a car or lease loan and choose the car you want.

1Subject to credit approval. Certain restrictions apply. The maximum term of a new car lease is 72 months for customers with a credit score of 795 or more. The interest rate of 4.95% APR applies after a 0.25% discount when enrolled in Direct Payment Program. The interest rate will be determined based on the credit score and credit history. The interest rate shown may not reflect the total cost of the lease. Cannot be combined with other offers or discounts. Offer does not apply to refinancing or tittle transfers. No down payment or security deposit required. At the end of the lease, an additional charge may be imposed based on the current value of the leased property and the residual value. New Car Leasing Example: Price: $ 22,500; Balance to be financed: $ 2,500; 72 payments of $ 361.84 at 4.95%. Example does not include origination and registration fees, license plate, maintenance, ACAA, or any type of insurance.

2Subject to credit approval. Certain restrictions apply. The maximum term of a used car lease is 72 months for customers with a credit score of 795 or more. The interest rate of 5.99% APR applies after a 0.25% discount when enrolled in Direct Payment Program. The interest rate will be determined based on the credit score and credit history. The interest shown rate may not reflect the total cost of the lease. Cannot be combined with other offers or discounts. Offer does not apply to refinancing or tittle transfers. No down payment or security deposit is required. At the end of the lease, an additional charge may be imposed based on the current value of the leased property and the residual value. New Car Leasing Example: Price: $ 22,500; Balance to be financed: $ 2,500; 72 payments of $ 372.78 at 5.99%. Example does not include origination and registration fees, license plate, maintenance, ACAA, or any type of insurance.

3Discount applies only to daily or weekly rates. Does not apply to fuel, mileage, collision damage waiver, or other charges.

Banco Popular de Puerto Rico (BPPR) provides access to translation services only in Spanish. Access to Spanish translation services is limited to: collection letters and the option to receive customer service from a Spanish-speaking bank representative. The corporate website is also available in Spanish.

A translation and description of commonly-used debt collection terms is available in multiple languages on the New York City Department of Consumer Affairs’ website: www.nyc.gov/dca.