Can You Take Over a Lease?

Finance Paperwork with Glasses

When you lease a car in the Normal area, you’re essentially paying to drive the vehicle for a certain amount of time. Within that time frame, you pay a certain amount each month and stick to some restrictions like mileage. But, can you take over someone else’s car lease? The short answer is yes!

If you don’t want to commit to a full lease, or if you know someone who needs to offload their lease due to a change in circumstance, you can take it over. However, there are some important things to keep in mind regarding car lease takeover deals. The finance team at Leman's Chevrolet City Llc has got everything you need to know in the guide below – check it out!

How a Car Lease Takeover Works

When you take over a car lease from someone else, you commit to paying off the lease each month for the remainder of the lease term. You’ll also be beholden to the same lease restrictions – usually, you’re restricted to around 1,000 miles per month, but this varies from case to case. Your monthly lease payment is determined by the estimated depreciation of the vehicle by the time the lease is up, plus interest. When your lease takeover is up, you can either renew the lease, return the car to the dealership, or buy it outright.

Car Lease Takeover Pros & Cons

There are some benefits and drawbacks associated with a lease takeover that you’ll want to be aware of before making a commitment. The first thing you should do is carefully go over your financial situation to make sure that a car lease fits into it. Then, keep these pros and cons in mind:


  • No down payment
  • No new-car upfront depreciation and other costs
  • Likely still under warranty
  • Possible cash incentives from the original lease


  • Transfer fees
  • You inherit the monthly payment as it is
  • Possible wear and tear from the previous owner
  • Mileage restrictions

A car lease takeover is a great option for a driver who’s looking for something temporary to drive around Decatur while looking for a longer-term ride. Be aware that just because you don’t pay any initial costs up front doesn’t meant that you won’t end up paying other fees down the road and at the end of the lease, particularly if you incur any fees over the lease period.

Lease Your Next Ride With Leman's Chevrolet City Llc

If you have any questions about car lease takeover deals or want to learn more about the leasing process, feel free to contact our office! You can also stop by our dealership near Springfield to talk to a member of our finance team in person, and we’ll be happy to help you with whatever you need. If you’d prefer to buy your next car rather than lease it, you can apply for financing from our website!


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Leman's Chevrolet City Llc 40.4594, -88.9703.