What Is a Lease Takeover?

The Dixie auto leasing team at Dixie Buick GMC is dedicated to matching drivers with the right car and the right financing options. We’ll help you at every stage of the vehicle leasing process, and we’re sharing everything you need to know about your end-of-lease options. Learn about the lease takeover process at our dealership today.

Lease Takeover Explained

There are many reasons to consider leasing a vehicle, like the savings on the down payment and monthly payments and the access to the newest models on the market. It’s also easy to return your vehicle at the end of the lease period and to pick out your next great car. If you don’t want to wait until your lease comes to an end, however, you do have the option of a lease takeover.

A lease takeover occurs when a driver wants to terminate their lease early, and to avoid early termination fees, transfers the lease to a new person. When this occurs, the contract remains intact, and the new driver takes possession of both the vehicle and the remaining payments. There are benefits for both the original driver, who can pick out a new car, and the new leaseholder, who has a temporary vehicle with fewer upfront costs.

What Are My Other End-of-Lease Options?

A lease takeover may be the right choice for you if you want to terminate your lease early. If you reach the natural end of your lease, you have a few other choices to pick from. You’ll want to consider buying out your vehicle if you really love it and the finances balance in your favor. If you’re exciting about a new model, trading in may be the right choice for you.

Learn More About Dixie Auto Leasing in Fort Myers, FL

When the time comes for a new vehicle, Dixie Buick GMC is the dealership you can trust. We make leasing easy from the first drive to the day you trade in. Visit our dealership to learn more about lease takeovers today!