Can You Take Over a Lease?

If you’re in the market for a new car, you might be wondering what a car lease takeover is. Luckily, we have all the information you need to know compiled in our detailed guide below. For those considering a short-term car ownership option, a car lease takeover can be ideal. To undertake a vehicle lease takeover means you’ll assume the reminder of another driver’s lease. Read on to learn more and feel free to reach out to our Orlando finance center team if you have any additional questions about your purchase options at Maserati of Central Florida. 

How Does a Car Lease Takeover Work? 

A lease takeover works much like a lease on a new car in that you’re not buying the vehicle outright. It allows you to drive a new vehicle for a certain amount of miles, or time. How long? That will depend largely on how much the previous driver used it. Monthly lease payments are determined by the estimated depreciation of the vehicle at the end of the lease term, plus the interest rate. Once the lease is up, simply return the vehicle to your local Windermere dealership or you can buy it outright. 

Car Lease Takeover Pros & Cons

As you might expect, there are benefits and drawbacks to taking over a car lease. Contemplate the following pros and cons as you contemplate how a lease takeover might work for you: 

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

If you’re looking for something temporary for your Winter Park commutes and weekend travels, then a car lease takeover can save you money. However, even though you don’t pay initial costs upfront, you might end up paying other fees later on. To help you decide what options are available and explore some car lease takeover deals, visit Maserati of Central Florida today.

Lease a New Maserati at Maserati of Central Florida 

We offer a wide array of car lease takeover deals, so there’s something here for everyone at Maserati of Central Florida. When you’re ready to add a new Maserati to your Orlando garage, browse our new vehicle specials and then apply for financing with our useful online form. We look forward to helping you find the model that is right for your Orlando lifestyle and budget.