Pros and Cons of taking over a lease?

Rox335i · 08-12-2018, 01:39 PM

I was just browsing sites for lease takeovers and i'm wondering what is the point of taking over a lease? The only pro I can think of are the cash incentives and a shorter period of lease. I also see lease takeover for 33 months with no cash incentives? Couldn't I just lease my own and get a brand new instead of taking over a lease that has 33 months left?

IK6SPEED · 08-12-2018, 02:10 PM

Quote:

Originally Posted by Rox335i

I was just browsing sites for lease takeovers and i'm wondering what is the point of taking over a lease? The only pro I can think of are the cash incentives and a shorter period of lease. I also see lease takeover for 33 months with no cash incentives? Couldn't I just lease my own and get a brand new instead of taking over a lease that has 33 months left?

Yes.

With G20 coming soon, some might like shorter lease.

TheBingoBalls · 08-12-2018, 02:10 PM

You could but if you're going to lease anyway and you find a spec that you would take over, why bother wasting time at the dealership trying to negotiate the same monthly payment (assuming the monthly payment is either what you're looking for and/or it's a good monthly payment that would require some negotiating)?

Also, if you're looking for a used car, finding a lease that has a year or less still under warranty is a excellent way to gauge its reliability. If you encounter issues, you were only responsible for the remaining payments. If everything is good, you know what the buyout amount is and there's no hassle.

08-12-2018, 01:39 PM	#1
Rox335i First Lieutenant 142 Rep 379 Posts Drives: 14' 335i, 17' X6 35i Join Date: May 2017 Location: Ottawa iTrader: (0)	Pros and Cons of taking over a lease? I was just browsing sites for lease takeovers and i'm wondering what is the point of taking over a lease? The only pro I can think of are the cash incentives and a shorter period of lease. I also see lease takeover for 33 months with no cash incentives? Couldn't I just lease my own and get a brand new instead of taking over a lease that has 33 months left?
	Appreciate 0 Tweet Quote

08-12-2018, 02:10 PM	#3
TheBingoBalls Brigadier General 3821 Rep 4,660 Posts Drives: BMW Join Date: Mar 2011 Location: Toronto, Ontario iTrader: (1) Garage List 2018 F36 BMW 440i x ... [0.00]	You could but if you're going to lease anyway and you find a spec that you would take over, why bother wasting time at the dealership trying to negotiate the same monthly payment (assuming the monthly payment is either what you're looking for and/or it's a good monthly payment that would require some negotiating)? Also, if you're looking for a used car, finding a lease that has a year or less still under warranty is a excellent way to gauge its reliability. If you encounter issues, you were only responsible for the remaining payments. If everything is good, you know what the buyout amount is and there's no hassle.
	Appreciate 0 Quote