Taking over a car lease can be a smart move. Lease transfers can save you money and give you greater flexibility and choice when it comes to leasing terms.
There are a few things you need to do before taking over a car lease, though. By checking on the following three items before signing off on a lease transfer, you can ensure that you are getting a great deal.
- Make sure there are enough miles remaining on the contract. Automotive leases are set up so that the car can be driven a set number of miles over the length of the contract. These terms are often stated in miles per month. When taking over a car lease, your available miles per month could be higher or lower than the original terms, depending on whether the previous driver averaged more or less miles than allowed by the contract. So you need to know how many miles you tend to drive and find a car with the appropriate number of miles remaining.
- Check the warranty coverage. One big benefit of driving a newer car is that repairs tend to be free since they’re covered under warranty. When taking over a car lease, you’ll want to check the fine print to see whether the warranty coverage still applies and whether it will last through the end of the lease.
- Get a vehicle history report. If the car has been totaled or if the odometer has been tampered with, the warranty can be voided. It could also cost you money at the end of the lease, as vehicle damage or mileage overages can result in unwanted fees. You can avoid this problem, though, by getting a vehicle history report based on the car’s VIN.
At Swapalease.com, we make it easy to search through available car leases to find the one that’s right for you. You can easily see details such as the number of miles remaining and click through to see the vehicle’s history. If you have any questions about taking over a car lease, please contact us at Swapalease.com.
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