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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07.10.06
Posted in General, Transfer a car lease, Car lease assumption, Swap a lease, Auto lease, Car trade, Auto lease swap, Car lease swap, Auto leasing UK at 6:06 pm by LeasingRus
Auto Lease Insurance Steps When You Need to Break a Lease - Solution: Swap a Lease
So what happens when you lease your new auto, or take over an auto from a swap a lease, and the last thing on your mind is the idea of possibly losing your licence? Didn’t think of that did you?
It could easily happen to you - whether you lose your auto license from a DUI incident, or a medical condition prevents your from driving, or many other person reasons that could put you off the road for a temporary, or permanent amount of time. If any unfortunate incidents put you off the road or an indefinate amount of time - you’re still stuck with you auto lease payments - month after month. This leaves you two options - either return the vehicle back to the leasing company or dealership and break your lease and pay the stiff penalties - or find someone to swap a lease.
Get out of a lease early, or terminating a lease early, simply means you pay the difference between the total remaining car lease payments and the market value of the car. And with the lovely affect of depreciation, leaves you in the hole for a large sum of money. So, the best financial option would be to find someone to take over the lease. Finding someone to swap a lease can not be as difficult as you think. With a few online leasing marketplaces offering the services to find someone to take over auto leases, the option to break your lease early by swapping the lease to another consumer is easier than you think. Some of these auto leasing marketplaces include Auto Lease Breakers, Swap a lease, Lease Trader, Lease Busters. If you’re interested to learn more about auto leasing and swap a lease, take a read of our section on how to get out of a lease, or download our free consumer oriented ebook on how to swap a lease (printer friendly pdf file 
).
In this situation, the first thing you should look at before leasing an auto is if you can purchase “walkaway protection”, or “deficiency insurance” . Some leasing companies offer this as extra protection against your lease agreement. While each walkaway insurance may be different, as a new leasee it’s important you look into this. However, in the case you don’t have this insurance, or your situation doesn’t fall within the guidelines of the insurance policy (ex. typically the walkaway insurance covers loss of driving ability through no fault of your own - so DUI may not cover it), your next best option for your auto lease is to swap a lease.
Walkaway (http://www.walkawayprotection.com) is a Toronto-based firm with a unique form of insurance that allows consumers to end their car lease or loan painlessly should an unforeseen circumstance befall them. While traditional credit insurance has been around for years, it covers only death or physical disabilities. Walkaway covers a plethora of additional real-world situations, including: involuntary job loss, critical illness, loss of driver’s licence due to age or deteriorating health, international employment transfer, and personal bankruptcy of the self-employed.
Remember, bad things can happen to good people, so in the case you don’t have walkaway insurance or any other insurance policies to cover unforeseen circumstances, be sure to seek out the options of swap a lease to get out of an auto lease. Trading a lease to another individual to take over your auto lease is a great alternative to breaking a lease without inflicting the leasing company penalties.
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