When was the last time you were paid money to lease your vehicle?
If you are in the market for a car lease and would like some extra money in your pocket, think about taking over an existing lease.
The savings can be significant, and at times include cash incentives from individuals looking to get out of their lease contract.
Assuming an existing lease can help you save in a couple ways:
- Avoid up front lease cost’s which can add up to thousands of dollars.
- Benefit from lease take over incentives, often people are willing to pay a Cash incentive to get out of the lease (hundreds to thousands of dollars depending on the value of the vehicle.
By assuming an existing lease, simply pay the monthly fee, adhere to the mileage restrictions and you can save a significant amount of money and, perhaps even get some cash back.
If you pick the right lease you might even make more money by purchasing the vehicle at the end of the lease period. Depending on the resale value of the vehicle and the cost to buy the vehicle at the end of the lease, you may benefit from a vehicle that can be worth a few thousand dollars more than it will cost you to buy it from the leasing company.
With the right lease deal, you can actually come out ahead on your vehicle rather than ripped off, like most people do when it comes time to get a new car.