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07-26-2013, 11:30 AM
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#1 | | Even when im right, revscene.net is still right!
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| Lease Takeover
I'm looking to do a lease takeover to avoid upfront costs (e.g. Admin fees, security deposit, extended care fees)
Mainly looking at A4/A5, 3 series, and c class and I have no plans to keep it.
Do accidents matter in a lease takeover? Other than mileage and term, assuming the existing lessee takes care of the transfer fees and have extended care plans, what should I look for?
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07-26-2013, 12:28 PM
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#2 | | Rs has made me the man i am today!
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Anything that could be deemed excess wear and tear upon returning the car at the end of your lease term - body damage, curbed wheels etc.
The dealer would charge for any excess items when you drop off the car. Think of it kind of like the walk-around that is done when you drop off a rental car.
Kev
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07-26-2013, 01:20 PM
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#3 | | RS has made me the bitter person i am today!
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If you take over someone's lease, there's usually a dealer fee that ranges from $300-$800, you would have to negotiate with the seller who will be paying this fee.
Accidents do not matter as long as you don't write off the car and what Kev said, any damage to the car when you give it back, they will charge you for it.
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07-26-2013, 02:13 PM
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#4 | | I contribute to threads in the offtopic forum
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Make sure u know what ur getting urself into, open or closed lease (most are closed end), wear and tear expectations (I had a $2000 insurance policy for 'additional wear and tear' when I did a lease takeover - original lessee paid for this insurance... Not something I'd pay for, but nice to have for free)
Also, see what they put down, the person u takeover from should pay all fees and induce u to do the takeover, either super low mileage, big downpayment they're walking away from, or cash upfront
If u just do a straight takeover without an inducement, ur doing it wrong
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07-26-2013, 02:15 PM
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#5 | | I contribute to threads in the offtopic forum
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I think Mercedes charge $1500 or something stupid for lease takeover fees ( I could be wrong, as I didn't pay it, so didn't care what it was)
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07-26-2013, 02:25 PM
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#6 | | Rs has made me the woman i am today!
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wanna lease take over my x3?
half a year lease left, 20k mileage remaining
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07-26-2013, 03:56 PM
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#7 | | Even when im right, revscene.net is still right!
Join Date: Jan 2013 Location: Vancouver
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Damn, the listing is gone.
I was looking at a Mercedes C300, the existing lessee:
- $13k down payment, asking for $5k back
- $550 per month
- 24 months left on a 36 month lease
- MB wear and tear plan
- $2k damage deposit back to the new lessee at the end of term
I looked at it last night and thought it was a good deal. Too bad it's gone within a day.
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07-26-2013, 05:26 PM
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#8 | | 14 dolla balla aint got nothing on me!
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If you saw it on Craigslist, then I've seen a car with similar details posted a long time ago at least a few months.. I think the person deletes the ad and repost it to make it look like a new ad.
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Last edited by MTV Cribs; 07-26-2013 at 05:34 PM.
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07-26-2013, 05:56 PM
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#9 | | I contribute to threads in the offtopic forum
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| Quote:
Originally Posted by Special K  Damn, the listing is gone.
I was looking at a Mercedes C300, the existing lessee:
- $13k down payment, asking for $5k back
- $550 per month
- 24 months left on a 36 month lease
- MB wear and tear plan
- $2k damage deposit back to the new lessee at the end of term
I looked at it last night and thought it was a good deal. Too bad it's gone within a day. | WTF? Why do ppl put down 13k on a LEASE?
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07-26-2013, 07:03 PM
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#10 | | 14 dolla balla aint got nothing on me!
Join Date: Jun 2002 Location: Vancouver
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Because they can so the payments are lower.
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07-27-2013, 01:30 AM
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#11 | | Even when im right, revscene.net is still right!
Join Date: Jan 2013 Location: Vancouver
Posts: 1,386
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| Quote:
Originally Posted by MTV Cribs If you saw it on Craigslist, then I've seen a car with similar details posted a long time ago at least a few months.. I think the person deletes the ad and repost it to make it look like a new ad.
Posted via RS Mobile | Might be a troll ad. I don't know. He didn't reply any of my emails tho. Oh well onto the next one. Posted via RS Mobile | |
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