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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!
Thinking of getting the new 2021 Jeep Gladiator? It’s one of the trucks many drivers have been looking forward to test driving since its release. You might be wondering how big the Gladiator is, specifically its length, bed size, wheelbase, and all of its measurements. Let our team at Gunter CDJR Martinsville walk you through the…
Three rows of seating? Check. Expansive cargo space? Check. Advanced comfort and interior features? Check. Everything you’ve wished the Jeep Grand Cherokee cabin had, you can have it in the new 2021 Jeep Grand Cherokee L! Discover more about the Jeep Grand Cherokee L beyond its overview and into its interior cabin below with Gunter CDJR Martinsville….
The Jeep Grand Cherokee has been one of the most revolutionary SUVs on the market and Jeep is here to show how they can make a great SUV even better in the all-new 2021 Jeep Grand Cherokee L! Whether you are looking for more seating, more towing capacity, or just more features in your Martinsville…