Lease takeovers, or lease transfers, are the process in which someone puts their leased vehicle up for someone else to pick up the remainder of the lease. There are some unique benefits to seeking out a lease takeover. Here are some of the reasons you should choose a lease takeover.
You Can Negotiate Fees
Unlike with new cars you can negotiate it so someone else pays the transfer fees. Often times those who are putting their vehicle up for lease transfer need it to be done promptly and as such will be willing to pay the fees in order to get the
transferred. You can also negotiate the safety deposit in order to save money.
There are more people than you can think who are looking to get out of their leases. For them, it is easier to have someone else take over the lease than to default on it. If you look around the internet you will find plenty of websites dedicated solely to the purpose of connecting people who are
interested in lease transfers
. With all of these options you will be able to find years and models that you might not have been able to find at a dealer.
Shorter Lease Periods
Because the leases of the vehicles you are looking at have already been underway for some time you will have options for shorter lease periods than you normally would have. This can be great if you are looking for a vehicle for a shorter period of time or you are interested in changing vehicles regularly.
Car Companies Don’t Mind It
You would think that a car company would mind letting
someone out of their lease
but they have come to realize it benefits them to do so. If they don’t let someone out of their lease they are left with someone who will default on their lease and might not, or will not, pay the rest of their payments. By transferring the lease they have someone who is going to continue to make regular payments on the vehicle.
Up-Front Incentive Payments
Some people are so eager to get rid of their vehicle that they will offer you an up-front incentive payment that will reduce the cost of the future lease payments. This means you get the car you want at a price you didn’t even think was possible.
With these benefits how could you not at least consider a lease transfer? You not only benefit yourself but you help someone else out in the process. Go out there and look for the car of your dreams as a lease takeover; you never know what is waiting for you.