Everything about a lease takeover
Transferring or taking over a lease contract raises the same questions for everyone. Here are the answers, including when the answer is that it cannot be done.
A lease contract usually runs for 48 or 60 months. A business changes faster than that. Transferring it to someone who can actually use the car is almost always cheaper than terminating — but it does not happen by itself.
Read the guideGuide on the costGetting out of your lease contract early: what does it cost?Ending a lease contract early is expensive, and usually more expensive than people expect. This is how that bill comes about, and what you can set against it.
Read the guideGuide for those taking overTaking over a running lease contract: what to watch out forTaking over a running contract means: a car that is already on the road today, at a price fixed earlier, for a term shorter than a new lease. That is attractive — provided you check what you are taking on.
Read the guideGuide on the approvalWhat your leasing company thinks of a takeoverTwo companies agreeing on a car have nothing yet. The leasing company owns that car and is a party to that contract, and without its signature nothing changes. This page explains how that approval works — because no leasing company explains it publicly.
Read the guideGuide on returningReturning your lease car: what you can and cannot doReturning is the word everyone uses, but a lease car is not something you simply hand back. Giving up the keys does not end your contract. Here is what actually happens, at the end and in between.
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