Buyers guide
The benefits of a lease transfer
The most common benefits of a lease transfer include; zero down, short-term lease, cash incentives and remainder of manufacture warranty.
Zero down: The original lease holder has already paid the down payment. You would just have to continue making the monthly payments. Dealers may offer zero down on a new car lease but, the monthly payments would be higher.
Short-term lease: You have the opportunity to take over a short-term lease which most leasing companies don't provide. Even if a leasing company would provide you with a short term lease, the monthly payments would be much higher.
Cash incentives: There are many sellers that are motivated to exit their lease. Sellers may offer you a variety of incentives to take over their lease. Such incentives may range from; pay the lease transfer fees, free shipping, offer to pre-pay a couple lease payments or give you cash upfront.
Remainder of manufacture warranty: You can still enjoy the benefits of the manufacture warranty when you take over a lease, since the majority of manufacture warranties are transferable.
Next section: Lease transfer process
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