05.28.07
Posted in General, Car Leasing, Get out of a car lease, Car lease assumption at 9:18 pm by LeasingRus
That’s our bet over the next 2-3 years. With the large growth in environment conscious consumers, we’ll soon see more auto leases by dealers available for eco-friendly fuel cell hydrogen cars. As the climate and energy challenges in todays market lead auto manufacturers to make a solid contribution to the consumer industry for eco-friendly automobiles, those consumers who prefer the advantages of leasing a car will have a direct result on the increase in the already popular concept of auto lease assumptions (car lease take overs).
The age of the hybrid fuel cell car has arrived. As the vehicles see a solid improvement in fuel mileage, and the rising cost of oil and gas, more consumers will be opt to take on the new concept cars.
It’s still unknown how this will affect the industry of vehicle financing, but one can assume any increase in consumer consciousness of global warming will impact their vehicle purchasing / leasing decision, and those who go the green route will see an increase in these eco-friendly vehicles.
Our call is that we see more consumer understanding the benefits of leasing a car, we’ll see an increase in these fuel cell vehicle leases hit the market, and soon after the increase availability of eco-friendly hydrogen fuel cell car leases for lease assumption.
Do you have a Hydrogen vehicle you’re seeking to get out of a car lease? Let’s hear your comments - is the vehicle worth the hype?
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01.02.07
Posted in General, Car lease assumption, Auto lease swap at 1:44 pm by LeasingRus
CNN Money reports car leasing makes a comeback.
Those interested in leasing a car this year, with interest rates rising, more car shoppers are attracted to low monthly payments, but be careful.
Auto leasing is, once again, becoming popular. The number of car leases is up 21 percent compared to last year, according to data from the automotive Website Edmunds.com.
“As interest rates rise, leasing is becoming a more attractive option for consumers,” said Alex Rosten, Manager of Pricing and Market Analysis at Edmunds.com. “Leasing allows car buyers to have lower monthly payments and get better ‘bang’ for their buck.”
In a lease, the car is actually purchased by a finance company. The “owner” of the car, meaning the person who keeps and drives it, only pays for the dollar value the car is expected to lose during the period of time he has agreed to keep it.
That amount is divided into monthly payments and, in some cases, an initial down payment.
Leasing typically costs less money per month than a typical auto loan. But its important to note that if you decide to keep the car after the lease term is over, it will cost you more. Leasing, and then paying to purchase the car costs more, in total, than simply purchasing the car with an auto loan from the very start. Read the rest of this entry »
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10.06.06
Posted in General, Car Leasing, Car lease calculator, Car lease assumption, Auto lease, Car trade, Auto lease swap at 6:34 pm by LeasingRus
The new vehicle leasing market is heating up as leasers offer more options and new car sales decline due to rising interest rates.
Zero percent financing and large cash rebates were the bait that brought car shoppers into dealerships the past few years. Now, instead of cut-rate financing, cut-rate leases are the attraction. Read the rest of this entry »
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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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05.26.06
Posted in Get out of a car lease, Car lease assumption at 4:46 pm by LeasingRus
What is an auto lease assumption? I’ve heard this question a few times by owners of car leases. It’s actually quite straight forward. A lease assumption is a 3rd party who takes over a lease from the original lessee, under the same terms and conditions outlined in the original car lease agreement. So basically, if you currently lease a car and seeking to get out of a lease, you may want to consider a lease assumption. To find someone to “assume” your car lease, there are a few good online auto lease markplaces where you can post your lease for take over, and contact lessors to take over the lease. Typically, an auto lease assumption means the original lessee walks away from the vehicle lease without any future liability. The person taking over the lease, assumes total liability for the new lease contract. And still, at the end of the car lease term, the new lessee may have the option to buy-out the car lease agreement.
So when someone talks to you about lease assumption, remember, it’s simply an option where another individual can “assume” or take over your car lease agreement.
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