Is a Car Lease Takeover Possible?

A lease takeover is a good solution if you’re interested in leasing a car but don’t want to sign a long-term contract. Taking over the remaining months of a friend or family member’s automobile contract is called a lease takeover. For short-term use near %%target city 1%%, this may be a viable alternative to obtaining a car loan. However, there are a few things to consider before committing to a lease takeover. Get in touch with the finance team at %%di name%% to learn more about the available car lease takeover deals or discussions regarding your credit.

How Does a Car Lease Takeover Work?

A lease takeover is comparable to a new automobile lease in that you’re not purchasing the vehicle. Rather than buying the car outright, you pay for a set number of miles or time behind the wheel. However, this number might vary widely depending on how many miles the prior driver put on the car. Estimated vehicle depreciation at lease expiration is added to the interest rate to arrive at the monthly lease payment. After the lease, you can either return the car to the dealership in %%target city 2%% or purchase it via an auto loan.

Pros & Cons of Car Lease Takeover Deals

Just like every other choice in the car-buying or -leasing process, taking over a lease is not without its advantages and disadvantages. To help you determine whether or not taking over a car lease takeover is the right choice for you, here are some of the benefits and drawbacks of doing so:

Pros

• Less money upfront to obtain the vehicle
• You don’t have to worry about vehicle depreciation and additional costs associated with owning a vehicle.
• You could potentially benefit from the previous owner’s incentives

Cons

• Transfer costs associated with a car lease takeover
• Dealing with pre-existing mileage or other wear on the car
• You could satisfy mileage limits faster than normal

A vehicle lease takeover can be a good solution if you need a short-term transportation solution for your daily commutes and weekend excursions in %%target city 3%%. Even if you avoid paying some fees at the outset of the lease, you may still be responsible for them later. Check out %%di name%% today to learn more about your alternatives or a fantastic deal on a car lease takeover.

Browse Our Car Lease Takeover Deals and More at Bettenhausen CDJR

Find out more about your financing and leasing choices, including our lease takeover specials at %%di name%%. Come see us at %%di name%% or contact us online for a quick response!