Buy the car
No. You're not getting any bargains by buying the car at the end of a lease, rest assured of that.
No, a 17 year old can not legally lease or purchase a car. This is because minors can not legally enter binding contracts.
Lease Busters helps to find someone to take over the lease of your car or for you to find a car to lease without hassle, you can take over someone else's lease. Lease Busters has a thorough Process Checklist and Offer-To-Lease form to help you in your decision for your car.
Most cars that are leased are now availiable with a lease to purchase option. At the end of the contract, you may purchase the car for an agreed amount. But don't forget to look at the depreciation the car has exprienced.
When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.
If one is looking to get out of their car lease, they may trade it back to the dealer for another car. There are websites such as Swap A Lease or Lease Trader that may find someone interested in taking it over. It is possible to post on eBay Motors.
You go to a dealership, just like if you were going to buy one... then you tell them that you want to do a lease deal instead. You can also arrange a lease or a purchase online now.
One can takeover a car lease relatively easily. Usually the person wanting to break their lease is doing this for financial reasons. To takeover a car lease, one needs to amend the lease papers and than they can take over the lease for the rest of the term at the same payment plan as before.
A car lease takeover is when a person takes responsibility of payments on lease for another person. To execute a lease takeover, the new lessee must fill out a credit application and be approved.
If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.
can one take over someones car instalments even when blacklisted and have no deposit?