Whether you are looking for a short term vehicle or you're simply not ready to be responsible for a full-time car lease, a car lease takeover could be the right option for you. What is a lease takeover though? How does it work? Green Dodge is here to help you understand how to take over the remainder of another driver's lease. While this temporary solution may be ideal for some drivers around Chatham and Rochester, there are a few factors to consider before choosing a car lease takeover. The finance department at Green Dodge has the details, which you can contact if you have any questions about the process. 

The Lease Takeover Process 

Just like with a new car lease, when you opt for a car lease takeover, you are not buying the car outright. With a lease, you pay to drive the vehicle for a certain amount of time or miles. In many cases with a lease takeover, you are limited to driving approximately 1,000 miles a month, as mileage limits still apply. Keep in mind that the amount you are allowed to drive with a lease takeover depends on how much the previous driver drove the vehicle before you. As far as the monthly payments go, the amount is determined by the estimated depreciation of the vehicle at the end of the lease term plus the interest rates. When the terms of the lease are complete, all you have to do is bring the vehicle back to the dealership, as you would with a new car lease. 

Car Lease Takeover: Advantages and Disadvantages 

Not sure whether a car lease takeover is the best option for you? Below, we have compiled a list of pros and cons to help you make a more informed decision. 

Pros: 

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

Cons: 

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

Along with available car lease takeover deals, this may be a convenient and affordable option for some Decatur drivers. If you are interested in a car lease takeover, we would be more than happy to discuss the option further with you. 

Lease a Vehicle with Green Dodge

If you're ready to take over the lease of another driver, then let the team at Green Dodge not only take care of all of your paperwork, but also take care of you by making sure that you're taking home the right vehicle that fits your needs. From leasing to financing a new car, our finance department knows how to handle just about everything that you need!