Car Lease Takeovers

CAR LEASE TAKEOVERS - IS IT POSSIBLE?

There are many reasons you may want a lease, but if you aren't fully committed, there is another option that would suit your needs in Broken Arrow. A car lease take over occurs when you take over another driver's lease for the remainder of the lease term. This is a solid option for temporary transportation around Owasso. There are a few things to consider when you are looking for car lease takeover deals. Keep reading to get an idea of how to take over a lease and the advantages of doing so with Jim Glover Chevrolet.

How Does a Car Lease Takeover Work?

Similar to a lease on a new car, a lease takeover works in that you are not buying the vehicle. In this situation you are paying to drive a certain mileage or for a certain amount of time. The typical restrictions on a lease are about 1,000 miles a month. This may vary depending on how the previous driver had taken care of the vehicle. The lease payments are determined by estimating the depreciation of the vehicle at the end of the term plus the interest rates.

Car Lease Takeover: Advantages and Disadvantages

Every time you purchase or lease a vehicle, there are advantages and disadvantages. Here are some of the pros and cons outlines by our team at Jim Glover Chevrolet to help you make the best decision:

Pros:

• Likely still under warranty
• Possible cash incentives from the original lease
• No down payment
• No new-car upfront depreciation and other costs

Cons:

• Possible wear and tear
• Mileage restrictions
• Transfer fees
• You inherit the monthly payment as is

If you need a vehicle temporarily for your Bixby commutes, then a car lease takeover could be a solid choice for you.If you don't pay initial costs upfront, you might end up paying other fees later on during the lease, and this is something worth considering. Visit our team at Jim Glover Chevrolet if you need more help deciding on which option is the best for you.

Check Out Car Lease Takeover Deals at Jim Glover Chevrolet

Our team can help you get the best deal on a lease takeover and get you behind the wheel of a new and safe vehicle. Visit us today in Tulsa or contact us to schedule an appointment with our team.