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HomeDriver's ResourcesThe Best Car Lease Takeover Deals in Ontario

If you’re looking for the best car lease takeover deals in Ontario, there are a few ways to go about it.

  1. Why Lease Takeovers are Beneficial:
    • For the original lessee: They can get out of a lease without incurring hefty penalties or buyout costs.
    • For the person taking over: They can secure a shorter-term lease, often without a down payment and possibly at a better rate than starting a fresh lease.
  2. Platforms to Check:
    • Lease Busters: One of the most popular platforms for lease takeovers in Canada. It provides a wide selection of vehicles, and you can search by make, model, monthly payments, and lease-end date.
    • LeaseCosts Canada: Another platform that provides information on current lease deals, including lease takeovers.
  3. What Makes a Deal “Best”:
    • Low Monthly Payments: Look for deals where the monthly payment is favorable based on the car’s value and original lease terms.
    • Short Duration: The shorter the remaining term, the more flexible the lease.
    • Incentives: Some leaseholders might offer cash incentives to make their deal more attractive.
    • Low Mileage: Ensure the car hasn’t exceeded its mileage limits, or you could face penalties.
  4. Inspect the Vehicle: Before finalizing the takeover, always inspect the vehicle or get it inspected by a trusted mechanic. Check for any damages or issues that could incur penalties at the end of the lease.
  5. Transfer Costs: While taking over a lease can be more economical, there may be associated costs, like transfer fees. Factor these into your total expected costs.
  6. Negotiate: Don’t hesitate to negotiate the terms with the current lessee. Sometimes, you can get better terms or incentives by discussing them directly.
  7. Understand the Terms: Read all lease terms carefully. Ensure you understand the restrictions, mileage limits, wear-and-tear guidelines, and end-of-lease obligations.
  8. Location-Specific Advantages: Sometimes deals in specific areas, like Toronto, Ottawa, or other cities in Ontario, can offer unique advantages based on the local market. Research and compare to get the best lease takeover deal for your situation.

In conclusion, finding the best car lease takeover deal in Ontario requires a mix of research, negotiation, and understanding of the leasing process. Always remember to read the fine print and understand the terms before committing to any deal.

List of vehicles that have historically been favorable for lease takeovers


Below is a list of vehicles that have historically been favorable for lease takeovers. I’ll provide a brief description, some details, and reasons why they might be considered among the best:

  1. Honda Civic:
    • Description: A compact sedan known for its reliability and efficiency.
    • Details: Often equipped with modern tech, safety features, and fuel-efficient engines.
    • Why Best: Honda Civics tend to have lower depreciation and are known for their long-lasting performance.
  2. Toyota Corolla:
    • Description: Another compact sedan with a long history of reliability.
    • Details: Comes with advanced safety features even in base models and offers a hybrid variant.
    • Why Best: Toyota’s reliability reputation means lessees are more likely to want to take over these leases.
  3. BMW 3 Series:
    • Description: A luxury compact sedan with sporty handling.
    • Details: Features powerful engines, high-quality interiors, and cutting-edge tech.
    • Why Best: Offers a taste of luxury and performance without the longer-term commitment.
  4. Tesla Model 3:
    • Description: An all-electric sedan with impressive range and acceleration.
    • Details: Minimalist interior with a large touchscreen, autopilot capabilities.
    • Why Best: Electric vehicles (EVs) are trending, and many want to try them without the long-term commitment.
  5. Ford F-150:
    • Description: A full-size pickup truck known for its capabilities and versatility.
    • Details: Multiple engine options, high tow ratings, and a user-friendly infotainment system.
    • Why Best: Trucks hold their value well, and an F-150 lease takeover can offer utility without the full lease duration.
  6. Lexus RX:
    • Description: A luxury midsize SUV known for comfort and reliability.
    • Details: Quiet and upscale interior, impressive safety features, and a smooth ride.
    • Why Best: Offers luxury and space without the commitment of a brand-new lease.
  7. Audi Q5:
    • Description: A luxury compact SUV combining performance with premium amenities.
    • Details: Quattro all-wheel drive as standard, upscale interior, and tech-rich features.
    • Why Best: Premium brand appeal and performance combined with the option for a shorter lease term.
  1. Chevrolet Equinox:
    • Description: A compact SUV with a spacious interior and user-friendly technology.
    • Details: Offers multiple engine choices, including a fuel-efficient diesel, and comes with modern safety features.
    • Why Best: Reliable and versatile, the Equinox presents a good balance of space and features for families.
  2. Mercedes-Benz C-Class:
    • Description: A luxury sedan offering a blend of performance, style, and comfort.
    • Details: Features plush interiors, advanced tech, and a range of powerful engine options.
    • Why Best: Those looking for luxury without the long-term commitment might be attracted to the prestige of the C-Class.
  3. Hyundai Tucson:
  • Description: A compact SUV with a comfortable ride and modern design.
  • Details: Offers intuitive technology, a long warranty, and a roomy interior.
  • Why Best: Hyundai’s improved reputation for reliability and the appeal of a compact SUV make Tucson a favorite.
  1. Jeep Wrangler:
  • Description: An iconic off-roading SUV known for its rugged capabilities.
  • Details: Distinctive design, removable top, and a history of adventure.
  • Why Best: Offers a unique driving experience, and a lease takeover can be a way to enjoy it temporarily.
  1. Mazda CX-5:
  • Description: A compact SUV praised for its driving dynamics and upscale design.
  • Details: Comes with a sharp design, intuitive tech, and a fun-to-drive nature.
  • Why Best: Combines affordability with a more premium feel, making it an attractive option for many.
  1. Volkswagen Tiguan:
  • Description: A compact SUV known for its spaciousness and refined interiors.
  • Details: Offers third-row seating, advanced tech features, and a smooth ride.
  • Why Best: European styling and practicality can attract those wanting a taste of both.
  1. Acura RDX:
  • Description: A luxury compact SUV with a blend of performance and comfort.
  • Details: Features a turbocharged engine, spacious interiors, and advanced tech.
  • Why Best: Offers a luxurious experience at a potentially lower cost compared to its European counterparts.
  1. Subaru Outback:
  • Description: A wagon-SUV crossover known for its all-weather capabilities.
  • Details: Comes standard with all-wheel drive, spacious interiors, and rugged design elements.
  • Why Best: For those seeking adventure and practicality, the Outback is an attractive option without the long lease term.

Remember that the appeal of a lease takeover largely depends on the specifics of the deal: remaining duration, monthly payments, mileage allowance, etc. Always analyze these aspects when considering a lease takeover, regardless of the car model.

Lastly, while these models are commonly sought after, the best car lease for takeover for you might be entirely different based on your individual needs and market conditions at the time of your search.

List of Websites for finding The Best Car Lease Takeover Deals


Finding the best car lease takeover deals in Ontario can be more manageable with the right online resources. Here’s a list of reputable websites that specialize in lease takeovers or have dedicated sections for them:

  1. Lease Busters:
    • Website: leasebusters
    • Description: As one of Canada’s largest and most popular lease takeover platforms, Lease Busters provides an extensive list of available leases and even offers assistance with the takeover process.
  2. LeaseCosts Canada:
    • Website: leasecosts
    • Description: This platform not only offers lease takeovers but also provides valuable information on current lease deals, making it a comprehensive resource for lease shoppers.
  3. Canadian Black Book:
    • Website: canadianblackbook
    • Description: While best known for providing car values, Canadian Black Book also has a lease takeover section where users can browse available deals.
  4. Kijiji:
    • Website: kijiji
    • Description: As one of Canada’s largest classified websites, Kijiji often has individuals listing their leases for takeover in the automotive section.
  5. Auto Lease Takeover:
    • Website: autoleasetakeover
    • Description: A platform specifically tailored for Canadians looking for lease takeovers or wanting to get out of their current lease.
  6. Trade a Lease:
    • Website: tradealease
    • Description: Another Canadian-centric platform that focuses on connecting individuals looking to exit their lease with those looking to take one over.
  7. Car Lease Canada:
    • Website: carleasecanada
    • Description: Offers both new car lease deals and takeover options, making it a one-stop resource for lease shoppers.

Always ensure to do your due diligence when navigating through these platforms. Read reviews, understand the terms, and preferably have any vehicle inspected before committing to a lease takeover.


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