Legal Terms Of Car Lease Takeover & Their Meaning

Legal terms are always hard to understand, even when it comes to car lease takeover! But you’ve got swallow this painful part if you wanna take over a leased car. Otherwise, you dive into a bad contract which costs you more than a brand new car!

So to avoid the bad contract, let’s dive into it let’s learn them.

Adjusted Capitalized Cost

Adjusted capitalized cost is the cap cost minus the cap reduction (you will read about both below) 

This is the figure that the leasing company will use to define your monthly payments.

Acquisition Fee

Continue reading “Legal Terms Of Car Lease Takeover & Their Meaning”

Car Lease Takeover; Why And Where?

Due to Covid-19 and its consequences, which are yet to come, unfortunately, the lease “buyers” were no longer able to afford the costs and meet the condition of the lease “sellers.” This is where car lease takeover comes to rescue. 

But why you should take over a lease car? Isn’t it better to buy a new car?

Well, I am about to go through that, so stick around!

Continue reading “Car Lease Takeover; Why And Where?”