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Are you interested in leasing a vehicle, but you don’t want to commit to a full lease? If so, a lease takeover would be a great option for you! A car lease takeover involves taking on the remainder of another driver’s lease. This a good alternative to a full lease, especially for drivers simply looking for a car to drive around Ridgeway. However, there are some factors that you should consider before opting for a lease takeover. Learn the ins and outs of the lease takeover process with the finance team at Gunter CDJR Martinsville.
A car lease takeover is similar to leasing a new car in that you’re not buying the vehicle outright. Instead, you’re paying to drive the vehicle for a certain period of time or miles–typically 1,000 miles a month but it ultimately depends on how much the car was previously driven. Your monthly lease payments are determined by the estimated depreciation of the vehicle at the end of the lease term plus the interest rates. Similar to a regular lease, you can either return the vehicle to your nearest Martinsville dealership at the end of the lease term or purchase it.
Buying or leasing a car in the Danville area has its pros and cons. To help you decide if a lease takeover is the best option for you, we’ve listed some of the benefits and downsides to taking over a car lease:
Bottom Line: A car lease takeover is a great option if you’re needing something temporary for your Reidsville, NC commute. However, it’s important to keep in mind that just because you don’t have to pay any initial costs upfront, you have to pay other fees during the lease. If you’re struggling to parse through your options, or if you’d like to explore car lease takeover deals, visit Gunter CDJR Martinsville today.
At Gunter CDJR Martinsville, we’ll walk you through your buying and leasing options as well as help you secure some great car lease takeover deals. Stop by our dealership in Ridgeway or contact us to get all of your questions answered today!
Drivers around Martinsville know they can turn to the 2021 RAM 1500 for powerful towing capabilities and payload capacity, but what you should also know is that the RAM 1500 provides variety across its seven trim levels, so you can find the truck that fits your driving experience. Follow along with Gunter CDJR Martinsville as we…
Some Martinsville drivers love the Jeep Renegade for its fuel-efficient performance and state of the art technology. Others love it for its outstanding style. With the iconic Jeep grille and fun geometric lines, the Jeep Renegade color selection tops off this stylish compact SUV. With eleven vibrant, expressive Jeep Renegade exterior colors and a trio…
RAM trucks have long been go-to vehicles for Martinsville drivers who need their vehicle for daily driving and heavy-duty jobs. And if you’re shopping for the RAM 2500, you can enhance your utility with the RAM Mega Cab, with its extended length for your passengers and cargo. Gunter CDJR Martinsville gets a lot of questions about…