Want out of your lease?
Does your car lease seem like it lasts forever? Would you like to get out of your lease but don't know how? Swap it! Lease swapping, often called "lease assumption" or "lease transfer", can allow you to effectively break your current lease without penalty.
Exactly how do you get out of a lease? It works like this:
- You want to switch cars but feel locked into your current lease
- You list your car on a website that caters to lease-swappers to find someone who is interested in your car
- You legally transfer your lease to them
- You take a vacation, go find a new car, or /price/usedcars/takeoveralease.html take over someone else's lease
Lease assumption lets you transfer the liability of the lease onto someone else. They become responsible for the remaining lease payments, and they benefit by assuming a short-term lease without having to make a down payment. You get out of a lease legally, without penalty. Lease swapping is a true win-win situation.
90% of major leasing companies now allow lease transfers.
To reprise the benefits of lease swapping:
- For The Buyer:
- no down payment
- short lease terms
- no hidden charges
- For The Seller:
- no large payment to get out of the lease
- credit not affected
- no penalties
- legal lease exit
Get out of an auto lease legally by initiating a lease transfer with an interested party. You'll unburden yourself, and the buyer will avoid a hefty down payment.
|