What is a Car Lease Takeover?

If you are interested in leasing a vehicle in Manhasset, but you aren’t ready for a full lease, then a lease takeover could be the perfect compromise for you. Car lease takeover deals allow you to take on the remainder of another driver’s lease. This is a great temporary option if you only need a vehicle for a short period of time, or you need more time to decide on your next vehicle purchase. There are a few things to consider before committing to a lease takeover, so take the time to get a basic understanding. Then, contact Rallye Acura when you are ready to find your next lease with Rallye Acura. 

How Do I Get a Car Lease Takeover? 

A lease takeover is pretty much the same as a regular lease. You aren’t buying a vehicle out right, but paying to drive for a certain period of time or number of miles. Typically, the restriction is about 1,000 miles per month. This may depend on how many miles the previous person accumulated on the lease. A monthly lease payment is determined by the estimated depreciation of the vehicle at the end of the term and the interest rates. You can return your vehicle at our dealership near Garden City once you’ve finished the lease term, or you have the option of buying the vehicle. 

Car Lease Takeover Deals: Pros & Cons

There are benefits and drawbacks to leasing a car, as with any other option, and it’s important to consider these and determine whether leasing is a good option for you. Take a look at the pros and cons to help determine if a lease will suit your Glen Cove lifestyle: 

Pros: 

• No down payment
• No upfront depreciation and associate costs
• Likely still under warranty
• Possible cash incentives from the original lease

Cons: 

• Transfer fees
• You inherit the monthly payment 
• Possible wear and tear from the previous owner
• Mileage restrictions

Drivers in Glen Cove looking for a temporary vehicle for commutes and weekend travels may find a car lease takeover to be a great option. It’s important to be conscious of the fact that just because you don’t have initial costs upfront, you may have other fees later on during the lease. Chat with our finance team at Rallye Acura to determine if this option is a good idea for you. 

Lease a New Car at Rallye Acura in Roslyn

Our team at Rallye Acura can help you find a great car lease takeover deal and explore your buying and leasing options. Come visit us in Rallye Acura or contact us to schedule an appointment by calling 516-508-9147. Explore our vehicle inventory while you’re at it, and don’t forget to read our guide on leasing with bad credit or our overview of returning a leased car!