Car Lease Takeover at Bush Auto Place

Interested in leasing a vehicle in the Washington Court House area but hesitant about committing to a full lease? A lease takeover might be the perfect option for you! A car lease takeover is when you take responsibility for another driver’s remaining car lease. This is an excellent short-term financing option if you’re looking for a Sabina ride for low commitment, however, there are some important things to keep in mind before opting for a lease takeover. 

Find out more about how to take over an existing lease and what car lease takeover deals are available at Bush Auto Place with our finance team below! 

How Does a Car Lease Takeover Work? 

Curious as to how exactly a car lease takeover works? The process is very similar to leasing a new vehicle in that you’re not buying the vehicle directly, but instead paying to drive the vehicle for a predetermined amount of miles or time. The normal limit is about 1,000 miles per month, however, this number can fluctuate based on the car’s previous ownership history. 

Your monthly lease payments would be calculated by the estimated depreciation of the car at the end of the previous lease term, including interest rates. You can also return the vehicle to our Wilmington dealership at the end of your lease term or buy the vehicle outright, just like with a regular lease. 

Why Pursue a Car Lease Takeover?

 When it comes to the car purchasing and leasing process, there are benefits and downsides to a lease takeover. To help you decide if taking over a car lease is the best financing option for you, here are the benefits and disadvantages of taking over a lease at Bush Auto Place: 

Car Lease Takeover Benefits

• Possible cash incentives from the previous lease
• Highly likely that the vehicle’s still under warranty
• No new vehicle upfront depreciation
• No down payment

Car Lease Takeover Costs

• Mileage restrictions
• Potential wear and tear from the previous owner
• Inherit the monthly payment as it currently is
• Transfer fees

Make no mistake, a car lease takeover is a great option for Waynesville drivers looking for a temporary vehicle for a weekend trip or to help get a handle on a busy schedule. However, it’s critical that you keep in mind the other fees you’ll pay later down the road for your lease takeover, even if you don’t pay initial costs up front. 

Explore Car Lease Takeover Deals with Bush Auto Place!

Here at Bush Auto Place we are committed to helping you get the best car lease takeover deals, explore your buying and leasing options, and stay informed about every step of the car-leasing process. Reach out to us online to find out more about how financing a car works, how to get a car with bad credit, or any further questions you might have!