Many buyers looking for a used car neglect to browse the thousands of cars that are currently available in a lease takeovers. Sometimes a person will lease a car but then his needs change or his/her finances leaving them in a lease that they no longer need or want.
Auto Lease Takeovers that are available sometimes offer the buyer or takeover person a cash incentive to take over the person’s lease. The original person signing the lease may have made a downpayment and also several monthly lease payments into the deal that they are willing to walk away from.
In a lease advertised takeover, you will or should see the following info: example only
|Model||RDX SH AWD w/Tech Pack.|
|Body style||SUV Sport|
|Lease Take-Over details|
|Leasing company||Honda Canada Finance|
|Monthly payment, before taxes||$637.63|
|Monthly payment, incl. taxes||$719.72|
|Original down payment||$0.00|
|Purchase Option at end of lease||$19,355.60|
|Total Kilometre allowance||96000|
|Excess km charge||0.12|
|Original lease term (months)||48|
|Lease expiry date||03/12/20xx (M/D/Y)|
The details at the bottom will give you the original lease term, the lease payments, and a lease take over summary.
|Lease Take Over Summary|
|Take over this lease for 26 months for only $637.63 per month plus taxes and receive $1,500.00 as a cash incentive paid directly to you. It currently has 38000 km’s and you can drive it up to 96000 km’s at no extra cost|
Now you know that you have another option when buying or leasing a new or used car, you can do an auto lease take over!