Are you searching for a pre-owned vehicle with near-new mileage and features? Or, do you need affordable short-term transportation to get around North Charleston? In either situation, a car lease takeover might be an ideal solution. What is a lease takeover? A car lease takeover would involve you assuming the existing lease of another driver who, for their own reasons, is looking to get out of their lease early.
Like any financial decision, there are some factors you need to consider before you start looking for car lease takeover deals in Charleston. The finance center at Rick Hendrick Chevrolet tells you everything you should know in the guide below!
If you’re familiar with new car leasing, a car lease takeover is pretty similar in a few ways:
However, when you assume the car lease of another driver through a car lease takeover deal, you have a little less agency in the lease terms. You’ll inherit the previous lessee’s mileage limit without the option to change it, as well as the monthly payment amount. When you reach the end of the lease, you’ll return the vehicle to the dealership, just as if you were the original lessee.
If you need short-term transportation in Mount Pleasant or you want to lease a near-new vehicle with the intention of buying out the lease later on, you may find that the benefits of a lease takeover are considerable. With that said, there are some potential drawbacks to consider as well. Review some quick pros and cons of car lease takeover deals to better understand if this option suits you:
Benefits of a Lease Takeover
Drawbacks of a Lease Takeover
James Island drivers who are interested in a car lease takeover can learn more about their options at Rick Hendrick Chevrolet. We’ll help you determine if a lease takeover is really right for you or help you explore other avenues if needed. Contact us with any questions and explore our other car-buying tips while you’re here, like how to lease a car with bad credit.
The first-ever all-electric Chevy Silverado will come out in the Fall of 2023, but we’ve learned plenty of details about this amazing pickup, and we’re eager to share them with you. There are plenty of reasons why North Charleston drivers will want to get behind the wheel of this truck. We’re especially impressed by the…
Looking into the 2021 Chevy Tahoe as your North Charleston family’s next three-row SUV? The spacious, well-equipped Chevy Tahoe interior makes the new Tahoe an easy choice when you’re ready for an upgrade, but before you secure the keys, you’ll need to settle on one of six available trim levels! Rick Hendrick Chevrolet is here to help make…
Need a tough new pickup truck that won’t break your budget in North Charleston? For budget-oriented pricing that doesn’t require any sacrifice in power or performance, there’s no better truck lineup than the Chevy Silverado selection at Rick Hendrick Chevrolet. The new Chevy Silverado 1500 starts at a mere $29,300 MSRP, but there are also Silverado HD…