How Does a Lease Takeover Work?
A lease takeover connects a seller who wants out with a buyer who wants to assume the remaining lease.
FAQ
How does a lease takeover work?
The seller shares lease details and vehicle information, the buyer reviews and inspects the car, and the buyer applies with the leasing company. If approved, the transfer is completed through the lender's official process.
Does LookyLeasy complete the transfer?
No. LookyLeasy is a marketplace. The leasing company handles approval and paperwork.