07.30.08
Posted in General, Car Leasing, Transfer a car lease, Take over a car lease, Buying versus Leasing, Financing, Swap a lease, Auto lease, Auto lease swap, Auto lease termination at 4:22 pm by LeasingRus
If you want to lease one of Detroit’s big vehicles, things just got a lot more complicated. Is it worth it anymore
With so many auto financing companies getting out of the leasing business, you might think they don’t want you to lease anymore.
Leasing really makes sense if you’re absolutely sure you don’t want to keep a vehicle longer than the term of the lease (leasing terminology). It’s sometimes even sold as a way to “try out” a car before buying it (bad idea).
But if you want to hold on to a vehicle for a while, it makes more sense to buy one with traditional financing. That’s because the total cost of purchasing a vehicle after you’ve leased it will be a lot higher. Read the rest of this entry »
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02.01.07
Posted in General, Car Leasing, Buying versus Leasing, Auto lease termination at 7:55 pm by LeasingRus
Considering to get into a car lease this year? With all the new models on the market, there’s a large selection to choose from. Though before you quickly jump into the decision to lease a car this year, consider the options between auto leasing versus buying a new car.
Which is the better approach - to lease a car or buy a car? The notorious debate. Whether to buy a car lease get into a car lease, the decision comes down to your own personal financial preference. Is ownership important to you, or maybe not. Maybe you prefer to drive the latest model, but can’t afford to buy it out right. Possibly, having lower monthly payments is the biggest win for you. Whatever your reason is will dictate the financing option you should take with your new vehicle. And yes, if you do opt to lease a car, your financial or personal situation may change throughout the year(s) and you may decide to get out of your lease. You can return your leased vehicle and trade it in towards the purchase of a new car - or yet another auto lease, or pay the lease contract out and any penalties associated. Alternatively, maybe your situation involves getting out of driving a leased vehicle all together - such as the need to free up the money for that new house, or tuition for university. Whatever the case, some leasing companies do provided you the option to swap a lease to someone wiling to take over the remainder of the lease agreement. This is commonly known as lease assumption and is offered through lease assumption services as AutoLeaseBreakers.com, AutoLeaseBusters.com, Swap a Lease and Lease Trader. Learn more about assuming a used lease, or how to terminate a car lease.
Compare the difference between leasing vs. buying from both a financial perspective, and obligation perspective.
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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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