05.02.06
Get Out of That Car Lease
TheSteet.com; Lose That Car Lease - You leased a car, and now you hate it. Or you can’t afford it. Or you just found the car of your dreams, but your current car lease runs for two more years. That’s the great disadvantage of leasing a car: You’re stuck.At least, you were stuck, until a few online companies came along to provide a marketplace to help people get out of their car leases - LeaseTrader, Swapalease and Auto Lease Busters.
These online marketplaces for car leases helping people get out of existing car leases and transfer a car lease. On the other side of the transaction, people looking for a shorter-term lease, with no down payment, can find good deals by taking over an existing lease.
These car leasing websites work in a similar model - and as Terry Savage put it, they ”work something like a dating service”. Those people looking to take over a car lease can search for free on either site. You can search in multiple ways, such as by model, dollar amount of the lease or geographic location. Once you’ve found a car lease and want to contact the seller of the lease (some sites charge a fee for this, while others do not).
That’s basically the concept if you’re seeking to get rid of your car lease and find others to take over the lease. A great online model that applies to many other businesses - bringing buyers and sellers together with similar needs.