• Lacombe Ford Sales Ltd
  • 5610 Highway 2A
  • Lacombe AB
  • T4L 1A3 Canada
  • Toll-Free: 800-782-5755
  • lacombefordsales.com


Leasebreaker Takeovers

Lease-Take-Over

The process & checklist

Checklist Note: Please carefully read this guide every time you make an appointment to view a prospective vehicle in order to have all of the necessary information available to make a lease-take-over deal.

Taking over an existing lease package is a simple process that combines formal new car dealer leasing and the traditional elements of a private used car purchase. At Lacombe Ford we make it easy for you.

Here is a list of what to expect throughout this process:

  • Print out a copy of the Details Pages of your shortlist of subject vehicles
  • Make an appointment with dealership to view the car
  • Be certain to call should you have to cancel or postpone your appointment
  • Upon visual inspection of the vehicle; request a test drive/road-test
  • Lacombe Ford to supply details on lease contract

If the vehicle has met or exceeded your expectations and you would like to move to the next phase of the process simply follow the next series of steps:

Add a checkmark after the task has been completed

  • Lacombe Ford completes a leasing company credit application with you
  • Complete credit application process and sign in appropriate area(s)
  • Lacombe Ford's Financial Services Officer will submit credit application
  • Lacombe Ford will contact you when complete

The lease-take-over transaction is fully predicated on the leasing company's credit approval of the new customer (assignee). Both the original lessee and new customer must be fully aware that a deal will not occur without credit approval.

A lease-take-over "offer-to-lease" should be made if both original lessee and new lessee are ready to make a deal (subject to credit approval). The next set of checkboxes outlines the recommended pre-delivery steps which are the essential components of the "offer-to-lease".

Add a checkmark after the task has been completed

  • Vehicle inspection by Lacombe Ford to be arranged
  • Vehicle passes inspection performed by Lacombe Ford (copy provided)
  • Credit approval has been granted to the new customer by leasing company
  • A delivery date is arranged for the vehicle exchange and document execution
  • Lacombe Ford will perform licensing duties if requested

Delivery of your leased vehicle will be arranged by Lacombe Ford and all necessary paper work, registration, cash exchange will be completed at this time.

The Summary

  • Vehicle Selection
  • Vehicle Viewing and Road Test
  • Offer-To-Lease
  • Credit Application: Submission and credit decision
  • Successful Vehicle Inspection
  • Financials (lease transfer fee, cash incentive, etc)
  • Lease Transfer Contract Execution
  • Delivery of Vehicle

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