How To Takeover A Lease

Step By Step Guide On How To Takeover A Lease

Step 1

Search For A Vehicle

Searching for the perfect vehicle is hard, there are so many options out there and it can be overwhelming. We are here to make it easy for you, search the best lease deals in Canada from the comfort of your home through our advanced search platform.

Step 2

Contact The Buyer

Found the perfect vehicle? contact the seller and get all the details. The major things to consider are the transfer and licensing fee, so make sure you agree on who’s going to pay what fee beforehand.

Step 3

Fill Out The Credit Application

When you are ready to takeover the lease, you need to fill out the credit application. This can be usually found on the dealerships website and can be found under the “finance” or “apply now” tab. After filling out the application make sure you email the dealership letting them know that you filled out the application and are looking to takeover a lease “include the seller in the email”. Keep in mind that credit applications can be done both online and in-person however due to Covid dealers are moving to an online process.

Step 4

Go To The Dealer

Once you are approved and get the confirmation from the dealership, both you and the seller will need to sign some paperwork. This usually happens in-person at the dealership and takes 15-30 minutes depending on how busy the dealership is.

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