A lease takeover occurs when you take over the payments on someone else’s lease before their lease is over. This means you have the car for the remainder of the lease. This is a great option for those who only need a car for a short period of time, or who just want to try a car out to see if they are interested in it. Here are some things to consider before you do a lease takeover in Los Angeles.
1. The Terms Don’t Change – When you do a lease takeover in Los Angeles, you take it over under the exact same terms. So, if their rate is higher because their credit score isn’t as good, you’re stuck with that monthly payment. If you have a great credit score, you may end up paying a higher monthly payment if you do a takeover.
2. Mileage – You are also beholden to the same mileage limit as the original lessee. If they have used almost all of their allotted mileage and there is still a year left on the lease, you have to work with that. Make sure you check the mileage before you take over someone’s lease.
3. Fees – Check for additional fees you could be subject to, such as lease takeover fees, special taxes, and other charges that could be associated with a lease takeover. This could add to your total payment, so you’ll want a heads up.
If you are still interested in a lease takeover, there are a lot of options waiting for you Studio Motors. Visit their website at https://studiomotors.com today to learn more about how they can help you.