# Lease takeover? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [February 20, 2007, 4:17pm UTC](https://forums.speedlife.net/t/lease-takeover/24841 "2007-02-20T16:17:08Z")\ **Posts on this page:** 18\ **Page:** 1
**Author:** ![vq30de](https://avatars.discourse-cdn.com/v4/letter/v/9dc877/32.png) [@vq30de](https://forums.speedlife.net/u/vq30de)\ **Post date:** [February 20, 2007, 4:17pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/1 "2007-02-20T16:17:08Z")
I need to get a car very soon, and have been looking at [leasetrader.com](http://leasetrader.com) > **[2004 GMC Envoy SLE lease $191.47 - Chestnut Ridge, New York 10977](http://www.leasetrader.com/2004_GMC_Envoy_SLE_Sport_Utility_103001.xhtml)** > > 2004 GMC Envoy SLE car lease $191.47 - Chestnut Ridge, New York Black color, Graphite interior. Outstanding condition vehicle. Auto lease takeover, no down payment. Used GMC Envoy short term lease take over with 59500 miles. 0 month lease remaining. Something like that. My question is, is the lease transfered to me, in my name then? Also, im curious if anyone has done it before, and can give some insight as to whether or not it is worth it… Thanks… ---
**Author:** ![Justin](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justin/32/7459_2.png) [@Justin](https://forums.speedlife.net/u/Justin)\ **Post date:** [February 20, 2007, 4:28pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/2 "2007-02-20T16:28:49Z")
Yes it does. The whole process take about a month to complete though. Ask (Joe) here on the boards, he got his GTO from lease trader. Great place. ---
**Author:** ![ryanmcell](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ryanmcell/32/7510_2.png) [@ryanmcell](https://forums.speedlife.net/u/ryanmcell)\ **Post date:** [February 20, 2007, 4:42pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/3 "2007-02-20T16:42:49Z")
Wow thats a pimp deal, however who gets the right at the end for buyout or re-lease? The original owner or you the new owner? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [February 20, 2007, 5:28pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/4 "2007-02-20T17:28:04Z")
I did it, on leasetrader. If there’s any way you can get a hold of the guy outside of there, do it, because they charge each side $100 and don’t really do much, other than giving you each other’s contact info and giving you the paperwork that you can get from GMAC. It’s a great deal, and totally worth it. The only thing is, don’t do it if you’re in a hurry. GMAC only makes 595 off lease transfers so they take their sweet ass time, mine took 6 weeks. If you can wait for it it’s usually a hell of a deal though. I’m probably getting my next car on there as well. The lease is transferred to your name, assuming you’re credit qualified, and you get buyout rights. PM me if you have any more q’s ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [February 20, 2007, 6:23pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/5 "2007-02-20T18:23:31Z")
i transfered my jag lease…it was the biggest pain in the ass…a lot of paper work being sent back and forth…I would never do it agian. but thats just me. ---
**Author:** ![Anonymity](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/anonymity/32/7215_2.png) [@Anonymity](https://forums.speedlife.net/u/Anonymity)\ **Post date:** [February 20, 2007, 6:41pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/6 "2007-02-20T18:41:57Z")
why would you want to do this? ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [February 20, 2007, 6:47pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/7 "2007-02-20T18:47:51Z")
> **[2004 Ford Mustang Cobra Coupe lease $549.81 - Dallas, Texas 75224](http://www.leasetrader.com/2004_Ford_Mustang_Cobra_Coupe_82365.xhtml)** > > 2004 Ford Mustang Cobra Coupe car lease $549.81 - Dallas, Texas Silver color, Black interior. Outstanding condition vehicle. Auto lease takeover, no down payment. Used Ford Mustang short term lease take over with 11500 miles. 0 month lease... hmmmmmmm OT, who in the hell leases a car for 6 years? ---
**Author:** ![RobtC](https://avatars.discourse-cdn.com/v4/letter/r/51bf81/32.png) [@RobtC](https://forums.speedlife.net/u/RobtC)\ **Post date:** [February 20, 2007, 10:44pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/8 "2007-02-20T22:44:47Z")
towne auto group has some pretty sweet deals on brand new leftover 06 models, they have an ad in sunday’s auto section in the buff news. ie 06 mazda6speed with nav for 22k, some decent trucks, etc… ---
**Author:** ![Bacon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bacon/32/7230_2.png) [@Bacon](https://forums.speedlife.net/u/Bacon)\ **Post date:** [February 21, 2007, 12:05am UTC](https://forums.speedlife.net/t/lease-takeover/24841/9 "2007-02-21T00:05:55Z")
[quote=“dreid,post:7,topic:24841"”] > **[Short Term Car Lease and Used Auto Lease at LeaseTrader.com](https://www.leasetrader.com/auto/lease/search/2004_Ford_Mustang_Cobra_Coupe_82365.xhtml)** > > Get a Short Term Car Lease with no money down. Search for used car leases and for a short term auto lease hmmmmmmm OT, who in the hell leases a car for 6 years? [/quote] The same people that get a 52-year loan on a house. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [February 21, 2007, 6:05am UTC](https://forums.speedlife.net/t/lease-takeover/24841/10 "2007-02-21T06:05:03Z")
that seems like a real shitty deal it only has 10k miles remaining, and its for a full 15 months, leaving you less then 800 miles a month… yea i know he is giving you 2k, but he takes that “incentive” outta the montly payment, so in reality he is giving you a free 13k miles but your payments are going to be 378 a month, which is higher then most “new” advertised leases ive seen out there, shit u can lease a brand new infinity fx35 for 379 a month ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [February 21, 2007, 7:28am UTC](https://forums.speedlife.net/t/lease-takeover/24841/11 "2007-02-21T07:28:08Z")
:jawdrop: [quote=“FuzzyFish,post:9,topic:24841"”] The same people that get a 52-year loan on a house. [/quote] ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [February 21, 2007, 10:08am UTC](https://forums.speedlife.net/t/lease-takeover/24841/12 "2007-02-21T10:08:29Z")
[quote=“Viper966,post:10,topic:24841"”] that seems like a real shitty deal it only has 10k miles remaining, and its for a full 15 months, leaving you less then 800 miles a month… yea i know he is giving you 2k, but he takes that “incentive” outta the montly payment, so in reality he is giving you a free 13k miles but your payments are going to be 378 a month, which is higher then most “new” advertised leases ive seen out there, shit u can lease a brand new infinity fx35 for 379 a month [/quote] Not with 0 down, and not for that short of a term. ---
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [February 21, 2007, 10:29am UTC](https://forums.speedlife.net/t/lease-takeover/24841/13 "2007-02-21T10:29:10Z")
:word: ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [February 21, 2007, 11:47am UTC](https://forums.speedlife.net/t/lease-takeover/24841/14 "2007-02-21T11:47:49Z")
Seemed like alot of shitty deals on that site. I guess leasing anything just isn’t my thing. I did a search, there are alot of people that are upsidedown, and over on their mileage, they practically give you the car for free just to take over the lease, and pay 20 cents a mile i’d assume. ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [February 21, 2007, 11:55am UTC](https://forums.speedlife.net/t/lease-takeover/24841/15 "2007-02-21T11:55:36Z")
I take my previous comment back. It seems like a good way for someone who is a car junkie or whatever to get a different toy every year and not worry about selling a car, etc. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 21, 2007, 12:16pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/16 "2007-02-21T12:16:27Z")
For every good deal on [leasetrader.com](http://leasetrader.com) there are 10 people trying to dump an awful mistake they made. Just have to be patient. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [February 21, 2007, 12:28pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/17 "2007-02-21T12:28:24Z")
\<~~~Got the good deal. If you’re not in a hurry and you can wait on a deal and jump on it when it comes up, you can do great. It took me about 6 weeks to find a deal for me, and there were 48 people that tried to get it after I did. [swapalease.com](http://swapalease.com) is another one, same concept. ---
**Author:** ![Slopoke](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slopoke/32/7248_2.png) [@Slopoke](https://forums.speedlife.net/u/Slopoke)\ **Post date:** [February 21, 2007, 12:33pm UTC](https://forums.speedlife.net/t/lease-takeover/24841/18 "2007-02-21T12:33:58Z")
[quote=“RobtC,post:8,topic:24841"”] towne auto group has some pretty sweet deals on brand new leftover 06 models, they have an ad in sunday’s auto section in the buff news. ie 06 mazda6speed with nav for 22k, some decent trucks, etc… [/quote] good deal if you want to buy for $450/MONTH.MAzda will NOT lease 06’s i dont know why they just wont:(