Why Taking Over A Lease Is Better Than Getting A New One
**Article Based on Video Transcription:**
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### Thursday Boot Company: High-Quality Boots at an Affordable Price
Thank you for tuning in today. Today’s video is sponsored by **Thursday Boot Company**, a brand dedicated to men who value quality and are unwilling to pay high retail markups for stylish, durable boots. These boots are not only comfortable but also versatile and built to last.
Thursday Boot Company uses 100% Tier One USA bovine leathers, ensuring superior durability and style. Their boots are handcrafted using the **Goodyear welt construction**, a premium method that adds an extra layer of leather and stitching. This construction makes the boots more comfortable, water-resistant, and long-lasting—so much so that they can easily be resoled for years to come.
One of their standout products is the **Safari suede Captain boot**, part of their rugged and resilient collection. These boots are designed to withstand wear and tear while looking great for years. They’re versatile enough to be worn at both casual events and formal gatherings, making them a must-have addition to any wardrobe.
Thursday Boot Company offers a wide range of boots in various colors, starting from just $149. Whether you're looking for high-quality, comfortable, and durable footwear that also looks great, Thursday Boots has you covered. Click on the link below in the description to explore their collection, and enjoy free shipping and hassle-free returns if you’re not satisfied or need a different size.
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### Rob Ferretti’s Guide to Leasing a Car Without Hidden Costs
Hello, everyone! It’s **Rob Ferretti**, here to share with you the best way to lease a car without getting caught up in unexpected surprises. A car payment should give you value for your money, not just something you can afford. Many people compare cars based on superficial factors like wheels or features, only to realize that a $50/month difference could add up to $600 annually—money that could be better spent elsewhere.
For example, Rob’s wife wanted a Subaru Ascent, which came with a $330/month payment and a $6,000 down payment. When amortized over three years, this turned into an effective monthly cost of $600—a price he deemed too high for the vehicle. Instead, he opted for his **Chevy Volt**, which required no down payment and came with a manageable $273/month lease.
Rob emphasizes that when leasing, it’s crucial to compare everything **apples-to-apples**—from the down payment to the lease terms. Simply looking at the monthly payment isn’t enough; you need to factor in all costs, including registration fees and potential mileage charges.
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### The Hidden Costs of Car Leasing
Rob shares an anecdote about a colleague, Kylie, who wanted to spend around $250-$275/month on a car. When she visited the dealership, they quoted her $400+ for the same vehicle. Despite her efforts to negotiate, there was no way to get the car for the initial low price advertised online. This frustrating experience highlights how dealerships often set unrealistic expectations, such as offering a car “for just $199/month” with features like crank windows instead of electric ones—a difference that could cost hundreds annually.
This is why Rob advises against relying solely on dealership quotes. Instead, he suggests exploring alternative options like **leasing platforms** (e.g., Swap.com or LeaseTrader), where individuals and dealerships list available leases for you to take over.
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### Leasing: A Smarter Financial Choice
Leasing can be a smarter financial decision for those who don’t plan to keep a car for decades. It fixes depreciation costs, keeps maintenance expenses low (since the car is always under warranty), and offers predictable payments. For someone like Rob, who prefers driving premium cars but doesn’t need them full-time, leasing allows him to enjoy high-end vehicles without the long-term commitment.
One of Rob’s tips is to look for **lease takeovers**—where someone else is exiting their lease early. This can be a great opportunity to get a car at a discounted rate, especially if the original lessee has driven more miles than allowed or wants cash incentives. For example, if a lessee offers to lower their $450/month payment by $800 in exchange for taking over the lease, you could effectively reduce your monthly cost to $350.
However, it’s essential to read the fine print and understand any mileage restrictions or additional fees. If you don’t plan to use all the allocated miles, this could still be a viable option.
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### Adventure Drives: Fall Getaways Made Easy
Before wrapping up, we’d like to mention **Adventure Drives**, a company offering curated travel experiences for those who love adventure and discovery. Originally planned for Scotland in October, they’ve had to postpone their trip due to unforeseen circumstances. Instead, they’re exploring the beautiful fall foliage across the Northeast.
Their next adventure starts on October 20th in Lake George, with plans to visit destinations like WhistlePig Farm in Vermont, Mount Washington, and the Maine coast for whale watching, lobster rolls, and a visit to the Cliff House. If this sounds like an unforgettable trip, prices start at $2,500. Visit **AdventureDrives.com** to learn more and book your spot.
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### Conclusion: Making Informed Decisions
In summary, whether you’re looking for high-quality boots or the best way to lease a car without hidden costs, it’s all about doing your research and making informed decisions. Thursday Boot Company offers premium footwear at accessible prices, while Rob Ferretti’s insights into leasing highlight the importance of exploring alternative options like lease takeovers to maximize value.
Thank you for watching, and we hope you enjoyed this video! If you have any questions or want to share your experiences with leasing or boots, feel free to leave a comment below. Until next time—stay informed and make smart choices!
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This article captures the essence of the provided transcription while maintaining readability and flow.
"WEBVTTKind: captionsLanguage: enthank you today's video is sponsored by Thursday Boot Company Thursday boots are designed for guys who understand quality and don't want to pay a high retail markup for a great looking pair of boots that are built to last they're comfortable versatile and durable and they just look great they're made with 100 tier one USA bovine leathers and they hand craft all their boots with the gold standard of shoe making Goodyear welt construction not to be confused with the Tire Company Goodyear well construction is a more costly way to make boots with an extra layer of leather and stitching it makes the boots more comfortable water resistant and lasts for years and years because you can easily resole them I have the Safari suede Captain boot it's part of their rugged and resilient collection of boots so they're built to take a beating and look great for years I went with these ones because they look weathered right out of the gate which is great and on top of that you can wear them to either a casual or a formal event and not look out of place Thursday boots offers a wide range of boots and colors starting at 149 if you're looking for high quality comfortable and durable boots that look good too Thursday boots has you covered so to experience the quality and get your next pair of boots click on the link below in the description to try them out they're giving you free shipping and free returns so if you don't like them or you need to switch sizes you can do that at no cost all right everybody rob Ferretti here and I'm going to tell you the best way to lease a car without getting caught with all the surprises now a car payment shouldn't be what you can afford right that you should get your values worth out of it a lot of people look at something as like I can afford X so I'm going to spandex but you don't realize when you're leasing a car just saying like well if I get that one with that Wheels versus this one with this Wheels it's only 50 bucks a month difference on your payment yes you can afford it but 50 a month difference is 600 bucks a year is eighteen hundred dollars for a different color wheel or something like that so you have to realize that and sort of amortize everything if you get my wife Subaru for example the payment is 330 bucks a month and I had to put six over six thousand dollars down but I would never have done it but at the time she wanted that vehicle so I got that vehicle but adding another six thousand dollars straight up front amortized over the three years you know what now I'm spending like 600 bucks a month for a Subaru Ascent totally not worth it there's other cars that you can get you have to look at everything Apples to Apples how much you're putting down amortized over the term of the loan or the the lease and then you have to look at what the actual lease payment is my Chevy Volt is perfect because it was zero down 273 a month and that's something that you can sort of look into you have to add all it up and and put it in not like well that's registration fee that it all counts and there's a good way to get around this stuff now uh the girl in the office Kylie was looking to get a car she's like I want to spend whatever 250 275 a month went to the dealership and found the same car and they're like all right it's four something a month it's like well you got to do better than that she negotiated on the price of the car tried to get the lease to the same rate and she couldn't she couldn't get it anywhere near it the closest thing they're over two hundred dollars a month off and she walked out and that's frustrating because that's frustrating for both the sales guy who can't really do anything and then for you who've now just wasted two or three hours of your time haggling back and forth on something where you there was zero chance of it ever going to live up to the expectation they always put these cars oh 199 a month is going to get you this car and you can never find that car for 199 a month or it's like crank windows or something you want the electric windows that's going to be 279 a month so now you're like is it worth spending an extra whatever 800 a year for crank Windows versus electric windows it just it's nonsense now the best way if you're going to lease something I support leasing cars if it's more predictable on the depreciation so if you're not the guy that wants to buy something and keep it for 40 years then you should lease a car if you're going to buy a car and sell it every couple of years you're usually better off leasing because it fixes the depreciation schedule right your car is always going to be under warranty and that so you have zero maintenance expense and you have a fixed depreciation schedule now because it's your depreciation is limited to your payment or if you go over on Miles you have to cough up a couple extra bucks for the miles now there's a good way to get into cars and avoid all the nonsense because everything is right there on the table once you get past these individual um persons games it's something like swap police or lease Trader there's sites out there where people can sell their leases to you now like that sounds scary to a lot of people like why would I buy somebody else's lease you're not you are the the bank is allowing somebody else to transfer the lease to you and they are completely off the hook they are out of it they will inspect the car you will now take over the car at the current condition so if they damage the bumper they got to fix the bumper and all of that but you are now taking over the remainder financial obligation on that lease till the end now here's where the trick comes in you'll go look at that and you'll see like oh okay uh F-150s are 450 a month but this one's 319 a month I'll just get that might not be the color you want but you have to read the fine print because some people are like well I want you to also throw me two grand or like I put five grand down I want you to give me that five grand or half of that and you then are right back in the position where you have to amortize that down payment but there's also the flip side of it is that if you are a person that always that never uses all the miles on the lease like me I think it's time to get rid of my my daily Mercedes it's been perfectly fine I had that one little snafu and it fixed itself just by turning it off leaving it there for the night and then going the next day and I put probably 1500 miles on it since with zero issues and for me I was like all right you know what I keep borrowing pickup trucks because I'm building my house right now and I gotta move something and my dad is a pickup truck but going to drop off my car get his truck then go switch back and forth sort of a pain in the butt and it's going to happen more and more as I start moving into my house in the next month or two so now I'm like you know what maybe I'll just go scoop up the tail end of somebody's lease right if I were to rent a pickup truck for a few months it would be pretty expensive but if I was going to pick up somebody's lease I can shop and look exactly for the the prime lease for me and the prime lease for me is a guy who may have a 450 a month payment but he's got a cash incentive he is saying I've only got like where at least would usually come with about a thousand miles a month maybe this guy has driven well over and he's way ahead of his mileage schedule so now at least to if you're going to amortize the amount of miles left on that there may only be 200 miles a month that you can drive before you go over when you go over you have to pay a per mile because usually like a quarter so even if you go an extra thousand miles of 250 bucks it's not the end of the world but you have to factor all this in so I may be able to go scoop up one of those leases because that guy's saying look my payment's 450 I've got four months left but I'll give you whatever I'll give you 800 bucks in cash and that will effectively lower the the four months with eighteen hundred dollars fourteen hundred dollars and now it's 350 a month uh instead of 450 a month and that's for me perfect because I'm not going to be using all the miles I'm just going to be driving to and from if it's nice out I'll take the NSX I'll take the Ferrari so I'm not worried about going over miles or maybe I'm just only driving it from my house to my office office and back and forth and that's like nine miles each way so I'm a prime example of somebody who can jump on an opportunity like that where you'll never get that anywhere else you're not going to go find a guy with a truck and say hey can I just borrow it for a few months I'm not going to really drive it very much even a rental company the best way to get into a situation like that is just to scoop it up now these leasing sites have Every Which Way they've got retail companies trying to sell you leases on there because they know you're looking it's nice that you can select virtually everything about the lease you can select the term you can see who's got less than like six months five months you can get a car with two months left on the lease is it worth it at that point in time I don't know but for you for the guy who needs a vehicle for two months it could be it's a good stop Gap why would somebody get out of a lease there's got to be something fishy right no somebody may have died somebody may have uh joined the military somebody may have moved and they don't want to ship the car over there because it's only a couple of months left on the lease so they'll just get another car while they're over there they may be moving to a city where they're not going to have a car that's going to take public transportation there's a hundred different reasons people might want to get out of a lease they may just not be able to afford it anymore oh yeah you know what I bought this it was 600 bucks a month and you know I really the novelty wore off and I rather put most of that elsewhere and go get a cheaper lease so you can capitalize on these opportunities now I even think there may be an opportunity there most cars when you lease a car the bank is trying to match what they expected value of the car is then add interest on it so like say you buy a 40 000 car they think it's going to be worth 20 at the end of the lease they want to make their payments and that's how they come up with the payment amount they want to make the payments cover that twenty thousand dollars over the three years plus on top of that they want to add interest and whatever fees they want to add just to get you there and that's where there's situations where like a Tesla where you may lease it there's tax credits there's all sorts of stuff and then the the bank depreciates it down to 25 Grand from 40 but in actuality it's really worth like 33. so you can go scoop up a car drive it for six months and then sell it then you'd have to buy it at the end of the lease but buy that buy out for the residual the 25 000 and then sell it for 30. and now you got a free car you made a couple of bucks on it and you got to drive a Tesla for six months so there's all sorts of different ways to attack it uh I this is not sponsored by anyone but check out swapale police or lease Trader the only thing that I've realized I've tried already to scoop up a couple of the pickup trucks I've been looking at F-150s and everybody that I've reached out to thus far I registered on the site and everybody I text or email or call hasn't gotten back to me which is weird because like you're out there to get rid of a lease and you're not even responding to people saying I would like to take over your lease how do we get the ball rolling and that's slightly frustrating so I'll pick up the search you'll see what I scoop up pretty soon but I am looking for a pickup truck or if you have a lease that you want to transfer to me you give me a call I want a cheap pickup truck for a couple of months to move stuff to and from my house and that will make me a happy guy so I hope you learned some tips and tricks of Leasing and why going to a dealership and scooping up a brand new lease may not be the best move maybe better off taking over somebody else's lease and that is just the financial play don't just look at it like I can afford this now so I'm just gonna I'm gonna spend the maximum I can afford for a lease because as these sites prove the novelty will wear off and then you realize you're spending a lot of money for something that doesn't bring you as much joy as it did when you initially got it Financial advice from Rob Ferretti thanks for watching I'll see you tomorrow all right thank you for watching the whole video now it's time to talk about Adventure drives I bet you know we were supposed to be going to Scotland this October well for obvious reasons we pushed that off till the spring what are we doing now in October well glad you asked we're going to be doing a trip checking out the Fall Foliage starts in Lake George on October 20th Works its way up through WhistlePig stove Vermont over to Mount Washington all the way over to the coast checking out some whales working our way down having some lobster rolls going to the Cliff House in Maine working our way through Boston and into Newport if that sounds like a good time to you prices start at twenty five hundred dollars visit adventuredrives.com and we hope to see you out therethank you today's video is sponsored by Thursday Boot Company Thursday boots are designed for guys who understand quality and don't want to pay a high retail markup for a great looking pair of boots that are built to last they're comfortable versatile and durable and they just look great they're made with 100 tier one USA bovine leathers and they hand craft all their boots with the gold standard of shoe making Goodyear welt construction not to be confused with the Tire Company Goodyear well construction is a more costly way to make boots with an extra layer of leather and stitching it makes the boots more comfortable water resistant and lasts for years and years because you can easily resole them I have the Safari suede Captain boot it's part of their rugged and resilient collection of boots so they're built to take a beating and look great for years I went with these ones because they look weathered right out of the gate which is great and on top of that you can wear them to either a casual or a formal event and not look out of place Thursday boots offers a wide range of boots and colors starting at 149 if you're looking for high quality comfortable and durable boots that look good too Thursday boots has you covered so to experience the quality and get your next pair of boots click on the link below in the description to try them out they're giving you free shipping and free returns so if you don't like them or you need to switch sizes you can do that at no cost all right everybody rob Ferretti here and I'm going to tell you the best way to lease a car without getting caught with all the surprises now a car payment shouldn't be what you can afford right that you should get your values worth out of it a lot of people look at something as like I can afford X so I'm going to spandex but you don't realize when you're leasing a car just saying like well if I get that one with that Wheels versus this one with this Wheels it's only 50 bucks a month difference on your payment yes you can afford it but 50 a month difference is 600 bucks a year is eighteen hundred dollars for a different color wheel or something like that so you have to realize that and sort of amortize everything if you get my wife Subaru for example the payment is 330 bucks a month and I had to put six over six thousand dollars down but I would never have done it but at the time she wanted that vehicle so I got that vehicle but adding another six thousand dollars straight up front amortized over the three years you know what now I'm spending like 600 bucks a month for a Subaru Ascent totally not worth it there's other cars that you can get you have to look at everything Apples to Apples how much you're putting down amortized over the term of the loan or the the lease and then you have to look at what the actual lease payment is my Chevy Volt is perfect because it was zero down 273 a month and that's something that you can sort of look into you have to add all it up and and put it in not like well that's registration fee that it all counts and there's a good way to get around this stuff now uh the girl in the office Kylie was looking to get a car she's like I want to spend whatever 250 275 a month went to the dealership and found the same car and they're like all right it's four something a month it's like well you got to do better than that she negotiated on the price of the car tried to get the lease to the same rate and she couldn't she couldn't get it anywhere near it the closest thing they're over two hundred dollars a month off and she walked out and that's frustrating because that's frustrating for both the sales guy who can't really do anything and then for you who've now just wasted two or three hours of your time haggling back and forth on something where you there was zero chance of it ever going to live up to the expectation they always put these cars oh 199 a month is going to get you this car and you can never find that car for 199 a month or it's like crank windows or something you want the electric windows that's going to be 279 a month so now you're like is it worth spending an extra whatever 800 a year for crank Windows versus electric windows it just it's nonsense now the best way if you're going to lease something I support leasing cars if it's more predictable on the depreciation so if you're not the guy that wants to buy something and keep it for 40 years then you should lease a car if you're going to buy a car and sell it every couple of years you're usually better off leasing because it fixes the depreciation schedule right your car is always going to be under warranty and that so you have zero maintenance expense and you have a fixed depreciation schedule now because it's your depreciation is limited to your payment or if you go over on Miles you have to cough up a couple extra bucks for the miles now there's a good way to get into cars and avoid all the nonsense because everything is right there on the table once you get past these individual um persons games it's something like swap police or lease Trader there's sites out there where people can sell their leases to you now like that sounds scary to a lot of people like why would I buy somebody else's lease you're not you are the the bank is allowing somebody else to transfer the lease to you and they are completely off the hook they are out of it they will inspect the car you will now take over the car at the current condition so if they damage the bumper they got to fix the bumper and all of that but you are now taking over the remainder financial obligation on that lease till the end now here's where the trick comes in you'll go look at that and you'll see like oh okay uh F-150s are 450 a month but this one's 319 a month I'll just get that might not be the color you want but you have to read the fine print because some people are like well I want you to also throw me two grand or like I put five grand down I want you to give me that five grand or half of that and you then are right back in the position where you have to amortize that down payment but there's also the flip side of it is that if you are a person that always that never uses all the miles on the lease like me I think it's time to get rid of my my daily Mercedes it's been perfectly fine I had that one little snafu and it fixed itself just by turning it off leaving it there for the night and then going the next day and I put probably 1500 miles on it since with zero issues and for me I was like all right you know what I keep borrowing pickup trucks because I'm building my house right now and I gotta move something and my dad is a pickup truck but going to drop off my car get his truck then go switch back and forth sort of a pain in the butt and it's going to happen more and more as I start moving into my house in the next month or two so now I'm like you know what maybe I'll just go scoop up the tail end of somebody's lease right if I were to rent a pickup truck for a few months it would be pretty expensive but if I was going to pick up somebody's lease I can shop and look exactly for the the prime lease for me and the prime lease for me is a guy who may have a 450 a month payment but he's got a cash incentive he is saying I've only got like where at least would usually come with about a thousand miles a month maybe this guy has driven well over and he's way ahead of his mileage schedule so now at least to if you're going to amortize the amount of miles left on that there may only be 200 miles a month that you can drive before you go over when you go over you have to pay a per mile because usually like a quarter so even if you go an extra thousand miles of 250 bucks it's not the end of the world but you have to factor all this in so I may be able to go scoop up one of those leases because that guy's saying look my payment's 450 I've got four months left but I'll give you whatever I'll give you 800 bucks in cash and that will effectively lower the the four months with eighteen hundred dollars fourteen hundred dollars and now it's 350 a month uh instead of 450 a month and that's for me perfect because I'm not going to be using all the miles I'm just going to be driving to and from if it's nice out I'll take the NSX I'll take the Ferrari so I'm not worried about going over miles or maybe I'm just only driving it from my house to my office office and back and forth and that's like nine miles each way so I'm a prime example of somebody who can jump on an opportunity like that where you'll never get that anywhere else you're not going to go find a guy with a truck and say hey can I just borrow it for a few months I'm not going to really drive it very much even a rental company the best way to get into a situation like that is just to scoop it up now these leasing sites have Every Which Way they've got retail companies trying to sell you leases on there because they know you're looking it's nice that you can select virtually everything about the lease you can select the term you can see who's got less than like six months five months you can get a car with two months left on the lease is it worth it at that point in time I don't know but for you for the guy who needs a vehicle for two months it could be it's a good stop Gap why would somebody get out of a lease there's got to be something fishy right no somebody may have died somebody may have uh joined the military somebody may have moved and they don't want to ship the car over there because it's only a couple of months left on the lease so they'll just get another car while they're over there they may be moving to a city where they're not going to have a car that's going to take public transportation there's a hundred different reasons people might want to get out of a lease they may just not be able to afford it anymore oh yeah you know what I bought this it was 600 bucks a month and you know I really the novelty wore off and I rather put most of that elsewhere and go get a cheaper lease so you can capitalize on these opportunities now I even think there may be an opportunity there most cars when you lease a car the bank is trying to match what they expected value of the car is then add interest on it so like say you buy a 40 000 car they think it's going to be worth 20 at the end of the lease they want to make their payments and that's how they come up with the payment amount they want to make the payments cover that twenty thousand dollars over the three years plus on top of that they want to add interest and whatever fees they want to add just to get you there and that's where there's situations where like a Tesla where you may lease it there's tax credits there's all sorts of stuff and then the the bank depreciates it down to 25 Grand from 40 but in actuality it's really worth like 33. so you can go scoop up a car drive it for six months and then sell it then you'd have to buy it at the end of the lease but buy that buy out for the residual the 25 000 and then sell it for 30. and now you got a free car you made a couple of bucks on it and you got to drive a Tesla for six months so there's all sorts of different ways to attack it uh I this is not sponsored by anyone but check out swapale police or lease Trader the only thing that I've realized I've tried already to scoop up a couple of the pickup trucks I've been looking at F-150s and everybody that I've reached out to thus far I registered on the site and everybody I text or email or call hasn't gotten back to me which is weird because like you're out there to get rid of a lease and you're not even responding to people saying I would like to take over your lease how do we get the ball rolling and that's slightly frustrating so I'll pick up the search you'll see what I scoop up pretty soon but I am looking for a pickup truck or if you have a lease that you want to transfer to me you give me a call I want a cheap pickup truck for a couple of months to move stuff to and from my house and that will make me a happy guy so I hope you learned some tips and tricks of Leasing and why going to a dealership and scooping up a brand new lease may not be the best move maybe better off taking over somebody else's lease and that is just the financial play don't just look at it like I can afford this now so I'm just gonna I'm gonna spend the maximum I can afford for a lease because as these sites prove the novelty will wear off and then you realize you're spending a lot of money for something that doesn't bring you as much joy as it did when you initially got it Financial advice from Rob Ferretti thanks for watching I'll see you tomorrow all right thank you for watching the whole video now it's time to talk about Adventure drives I bet you know we were supposed to be going to Scotland this October well for obvious reasons we pushed that off till the spring what are we doing now in October well glad you asked we're going to be doing a trip checking out the Fall Foliage starts in Lake George on October 20th Works its way up through WhistlePig stove Vermont over to Mount Washington all the way over to the coast checking out some whales working our way down having some lobster rolls going to the Cliff House in Maine working our way through Boston and into Newport if that sounds like a good time to you prices start at twenty five hundred dollars visit adventuredrives.com and we hope to see you out there\n"