: Once approved, both parties sign documents to legally transfer the lease.
: You take over the keys and registration (which may require new license plates) and begin making the remaining monthly payments. Where to Find Lease Takeover Deals buy someone's car lease
: The seller must confirm their leasing company (the "lessor") allows transfers. Some companies, such as Land Rover and Jaguar, do not. : Once approved, both parties sign documents to
Buying someone else's car lease, also known as a or lease assumption , is a way to get a relatively new vehicle with a shorter commitment and often lower upfront costs than a traditional lease or purchase. You essentially step into the original driver's shoes, inheriting their monthly payments, remaining mileage, and lease terms until the contract expires. The Lease Takeover Process Most lease takeovers follow these standard steps: Some companies, such as Land Rover and Jaguar, do not
: Use dedicated marketplaces to find someone looking to exit their lease.
Several specialized websites connect lease sellers with buyers: How To Take Over A Lease On A Vehicle - JD Power
: Always inspect the car in person or hire a pro for a pre-purchase inspection.