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Can You Take Over a Lease?

2022 INFINITI QX60 parked in a driveway

Interested in the idea of leasing a vehicle but don’t want to commit to a full lease? A lease takeover might be a great option for you and your San Francisco commutes. So what is a car lease takeover and how does it work? A car lease takeover is when you take on the remainder of another driver’s lease. This can be a great temporary option to give you an idea of what the vehicle is like. Learn more about the basics of taking over a lease with our finance team at INFINITI of San Jose.

How Does a Car Lease Takeover Work? 

When you opt for a lease takeover, it’s similar to a lease on a new vehicle in the sense that you’re not buying the vehicle outright. Instead, you pay to drive the car for a certain amount of miles or time. Typically you’re restricted to about 1,000 miles a month, but this will depend on how much the previous driver drove the vehicle before you. The monthly lease payments are determined by the estimated depreciation of the vehicle at the end of the lease term plus interest. And at the end of the lease, much like that of a regular lease, you can bring the vehicle back to your local Walnut Creek dealership.

Car Lease Takeover Pros & Cons

There are both pros and cons to the car buying and car leasing process. In order to help you decide if a car lease takeover is right for you, we’ve put together a list of the pros and cons:

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

Lease a New Car with INFINITI of San Jose 

When the time comes to lease a new car, check out our car lease takeover deals at INFINITI of San Jose. We can help you get behind the wheel of your favorite model near Pleasanton. Contact our team in the meantime with any questions.

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