What are the advantages and disadvantages of taking over someones car lease?

Answer 1

The disadvantages are you will be paying the same rental rate on a used car that the current lessee was paying on a new car. You will have to accept the vehicle as is. You become responsible for the vehicle condition at the end of the lease. Finally there are transfer fees. General Motors charges $600 to transfer a lease. I consider that theft.

The advantages are, you do not have to lease for a lengthy period. If the previous lessee made a large down payment, your lease payments may be much lower than financing the purchase of the vehicle.