04.03.08
Posted in General Leasing, Transfer a car lease, Auto lease, Terminate a car lease at 2:38 pm by LeasingRus
What better reason to lease when you discover your the vehicle you bought last year is in the top 10 of vehicles that depreciate the fastest. Like the US housing market, these cars values drop so quickly, you’ll be scrambling to sell it to the next buyer. Then again, the alternative to vehicle financing you could have opt for was to lease, giving you safety of not owning a depreciating vehicle outright, with the added benefit of trading in the vehicle for the next latest model on the market. Alternatively, rather than waiting for the lease contract to expire after 3 to 5 years, you could have sought to terminate a car lease early, through such lease assumption services from AutoLeaseBreakers.com.(Forbes) Some cars just don’t age well. Even a great value buy in the new-car market can bomb in the used-car market with low resale values.
Vehicles like the Kia Sedona minivan and Lincoln Town Car look good, perform well and often are purchased new at bargain prices. But take a closer look at them three years later, and their value has decreased at an accelerated rate. By the time a car owner is ready to unload one of these vehicles, the owner is often surprised to learn that the car has lost more than 50% of its value. Read the rest of this entry »
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10.26.06
Posted in General, Car Leasing, Auto lease, Auto leasing UK, Terminate a car lease at 1:48 pm by LeasingRus
Talk about an expensive auto lease. A Swedish former videogame executive appeared in a LA court yesterday charged with grand theft auto of his auto lease and embezzlement after stealing a rare $1 million dollar Ferrari Enzo that was later written of in a high-speed car crash.
According to the Australian News site, Stefan Eriksson, 44, stole two of the coveted Ferrari Enzos and a Mercedes Benz from a British car leasing company before shipping them off to the US, breaking the terms of his auto leasing arrangement which stated that the cars should remain in the UK. The cars were reported as stolen when Mr Eriksson stopped paying the lease on the vehicles. His lawyers admit that he had fallen behind on the payments, but deny that he had stolen the car.
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09.22.06
Posted in General, Swap a lease, Auto lease termination, Terminate a car lease at 2:06 pm by LeasingRus
Is terminating a car lease before year end a good thing, or bad thing? For some who are considering getting into the 2007 models, or even get into a different 2006 model, now may be a timely opportunity to terminate your auto lease.
As the newer models of automobiles roll into the market, you can expect dealers to lower their prices on ‘06 models still in their inventory. Same for leases….so if you’re currently tied into a 3 or 4 years auto lease agreement, terminating your car lease early by swapping the lease with someone to take it over, may be a good time….that is if you’re considering to take advantage of the deals of this time of season.
But terminating your car lease can happen at any time. Returning the auto lease to the leasing company (which can be very costly) may not be the advantageous approach for the consumer. However, if you consider breaking your auto lease early by finding another individual to take over the car lease (known as swap an auto lease), then this time of season may be a good time to put your lease on the market for take over. Check first with your leasing company to can be a lease busters and ensure you’re able to swap a lease to terminate your auto lease first. Not all leases are transferrable.
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