07.20.06
Q. Stuck with a Car Lease? A. Auto Lease Swap
Q. I leased a car two years ago and still have two years left on my auto lease. I have been having financial problems and wanted to cancel the lease. When I leased the car, I was able to afford a more expensive lease. When I contacted the lease company, I was told I would be penalized if I wanted to terminate the car lease. I am writing to you because I was told that there are companies that legally arrange for people to sublease a car lease, something like swap an auto lease? Are you aware of these companies and is it legal?
A. Yes, it is 100% legal. Thousands of consumers legally transfer their car lease or swap an auto lease to another individual each year. Some use Web sites such as AutoLeaseBreakers.com and other lease market place sites as Swap a lease and Lease Trader that faciliate the means to terminate a car lease and swap the auto lease.
While it is legal to transfer a car lease, there are leasing companies that prohibit it. You need to read your lease to determine whether or not there is a clause that prohibits you from transferring your lease.
You can learn more details on how to get out of a car lease and swap an auto lease to another individual through the free ebook on how to swap an auto lease.