Benefits of Buying a Car Lease

• Posted on Autos.com Editor
• in Car Buying
• on October 7, 2013

If you are looking for an affordable way to lease a car, then you may want to consider trying to buy a car lease. There are many benefits to taking over someone else’s lease. While taking over a lease may seem difficult and confusing, it is actually a simple process that can benefit a buyer in a number of ways.

• Many lease takeovers will not only require nothing down but will actually pay cash for someone to take over the terms of their lease. While there are many reasons for doing this, many lessees are simply trying to get out of a high payment and don’t want the critical drop in credit scores that comes from repossession.
• When looking to take over a lease, find the one that has the lowest mileage and be sure to check how many miles are left on the contract as well as the associated fees for going over those limits.
• Most car lease payments will be significantly lower than purchase payments, while taking over someone’s lease also allows you to forgo the down payment and other fees associated with leasing a new car from a dealership.
• Most people who lease a car keep the wear and tear on the vehicle to a minimum to avoid being charged for extra damages; this in turn is beneficial to buyers, as the vehicles should be in excellent condition and have been well cared for.
• Many leases include maintenance on the vehicle that transfers from lessee to lessee. This is important, as many higher-end luxury vehicles can have exorbitant maintenance fees.

In closing, remember to weigh the benefits of taking over a lease with the drawbacks to be sure you are getting the right vehicle at a price you can live with.