![]() Your monthly payment will be determined by the estimated depreciation of the vehicle at the end of the lease term plus the interest rates. Generally, you’re restricted to 1,000 miles a month, but this can depend on how many miles the previous driver racked up before you decided to take over the lease. Instead, you’re paying to drive a certain amount of miles or to use a vehicle for a set period of time. Finance Department Contact Us How Does a Car Lease Takeover Work?Ī lease takeover is very similar to a new car lease in the sense that you’re not buying the vehicle outright.
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