How a lease takeover works
The seller lists their lease on Swapalease, LeaseTrader, or QuitALease. The buyer applies through the captive lender for credit approval. After approval and a transfer fee, the buyer assumes responsibility for all remaining payments and end-of-lease obligations.
Why people offer cash to be taken over
If the seller's circumstances changed (job loss, move, divorce), they often sweeten the deal with $1,000-$5,000 cash to escape monthly payments.
Brands that allow lease transfers
Most major brands except Tesla, Cadillac, and (recently) GM. BMW, Mercedes, Honda, Toyota, and Audi all allow transfers with proper credit approval.