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How do Lease-Take-Overs work?

Why would I want to take over a lease?

LeaseBusters - Instructional Video

Taking over someone else's lease is a great way to lease an almost new car and get a great deal at the same time.

Remember, when you lease a new car, it's only new on the first day. Therefore if you can find a deal where someone else has paid all of the upfront fees associated with a new lease (commonly $1000-$3000) and simply take over the payments from there, that would be good deal, right? What if that person would be willing to give you 1, 2, 3 or more payments for free? Now that's a great deal. That's what we're all about.

Why would someone want to pay me to take over his or her lease?

People want to get out of their leases for a million different reasons. Getting married, getting divorced, losing a job, getting a new job, getting a company car, moving out of the country etc. The list is endless.

Until Lease Busters came along most people would be faced with huge early lease termination expenses that could easily get into the thousands of dollars. Our clients would rather give you 1, 2 or 3 payments free than have to deal with the potential of thousands of dollars in early termination expenses.

What if I find a vehicle from another province or distant city?

Leasebusters and Searail "The Careful Car Movers" have recently partnered to bring an added dimension to the Leasebusters experience and product offering. Whether you are searching for a lease-take-over or trying to get-out-of your lease, you now can expand your market search to all of canada. As an added enticement, all the manufacturer's leasing companies (GMAC, Ford Credit, Chrysler Financial, Toyota Credit, Honda Credit, etc) allow lease-transfers from one province to another.

How does it work?

  • Go to "Lease Take-Overs" to find your ideal vehicle and lease term.
  • Click on the photo of any of the vehicles to see all of the details. Click here to see a sample
  • Take note of expiry dates. How much time is left on the lease?
  • Take note of kilometre limits. How many km's will you put on the vehicle?
  • Take note of the down payment or cash incentive. Will our client pay you to take-over their lease or is there a down payment?
  • Who will pay the lease transfer costs? See the comments area.
  • Is there a requirement for a security deposit? See the comments area.

Once you've narrowed down your choices, please feel free to contact our client directly to answer any questions, arrange to see the vehicle and to negotiate the terms of the lease take-over. Great, now what?

  • Confirm that the information here is the same as the actual lease contract
  • Confirm that all service required is up to date
  • Confirm who pays for vehicle inspections, lease transfer fees, license transfers etc.
  • Do you have to pay a security deposit or is the existing one being transferred to you?
  • You will need to fill out a credit application and submit it to the original selling dealer and or leasing company for credit approval.
  • They will process all necessary paperwork and make arrangements to finalize the lease transfer.
  • That's it!

Sounds simple enough, right?

Let's get started, Go to "Lease Take-Overs" to find your ideal vehicle and lease term.

 

NEW: For your convenience and to ensure that your Lease-Take-Over transaction experience is easy and seamless; simply download the all new Leasebusters Process Checklist and Offer-To-Lease prior to meeting with one of our lease-take-over customers.

 

Thank you for choosing Lease Busters and Good luck with your new car.

For more information, please call our office at 1-888-357-2678

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