What is a Lease Takeover?

Leasing an Alfa Romeo vehicle is a great option for many people, as it’s generally cheaper than buying and there may not be a long-term financial commitment. However, sometimes people who start a lease realize they won’t be able to continue with it, in which case an Alfa Romeo lease takeover could be a good choice. Here Helfman Alfa Romeo goes over what this entails.

Taking Over an Alfa Romeo Lease

Basically, with a lease takeover, this is completely passed over to another person. For example, if you no longer want to keep leasing your car, you may be able to find somebody willing to take it for you. At that point, you will both need to coordinate with the leasing company and make any necessary document transfers.

Things to Consider for a Lease Takeover

If you’re thinking about taking over someone else’s lease, there are certain things to keep in mind. First, consider the mileage limit. Every lease comes with a yearly limit, and if you go over it, you will be charged a fee per excess mileage. It’s important to understand how many miles you drive every year and if that will fit the lease.

You also need to consider:

• Costs: Taking over a lease typically comes with a transfer fee, so you should find out what this is ahead of time. You may also need to upgrade your insurance to provide full coverage for the vehicle.
• Condition: If a car has wear and tear that is above normal, you will be responsible for it. You will also need to make sure the vehicle gets the maintenance it needs.

Get Your Lease Takeover Questions Answered in Houston, TX

Any questions or concerns about taking over a lease? Contact Helfman Alfa Romeo. We can also help you make good decisions if you are looking to have someone take over your current lease.