05.07.08
Posted in General, General Leasing, Take over a car lease at 3:22 pm by LeasingRus
Those worried about ballooning gas prices can whittle their weight, keep their tires properly inflated and avoid long idles.
Or they can head to a Toyota dealer and ask about the Yaris.
The $13,165 subcompact is the most fuel efficient in its class, according to the Environmental Protection Agency. It gets 29 mpg (12.3 km/l) in the city and 36 (15.3 km/l) on the highway. Drivers paying $1.50 a litre can expect to pony up $2,000 a year if driving 25,000 kilometres. Read the rest of this entry »
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08.25.06
Posted in General, Take over a car lease, Swap a lease, Auto lease, Auto lease swap, Lease trade, Lease busters at 6:32 pm by LeasingRus
What You Need to Know After the Vehicle Lease Deal is Done
So you’ve signed your your auto lease agreement with the leasing company or through the dealership, and you’re about to drive out of the lot with your new auto lease. So now all that’s needed is to take care of the vehicle, baby her, keep a watchful eye on the miles or km, and simply return it at lease end (or auto lease swap)…right?…well, sort of…but what happens once the ink dries on the lease contract?
Once the auto lease is signed, this is only the beginning of your car lease. Once the auto lease is signed between the consumer and dealership, the auto lease contract is sent over to the leasing company. Once this happens, any concerns about the auto lease is now between you and the leasing company, not the dealership. Remember, the dealership only functions as an agent.
Well, that’s not totally true. You would want to contact the dealership about your auto lease regarding any concerns you have about the cars condition – ex. Issues related to the vehicles warranty repairs, recalls, parts questions, etc.
There is also the auto lease grace period. Sorry, the rumor of an auto lease grace period just doesn’t exist. If you decide you no longer want your car lease once you’ve signed the lease agreement, unfortunately there is no grace period in which you can cancel. Once you’ve signed the lease agreement / contract – that’s it, it’s legal and binding.
Learn more on auto leasing, what happens after the auto lease is signed, how to auto lease swap and more.
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07.06.06
Posted in Articles, Car Leasing, Get out of a car lease, Take over a car lease at 2:20 pm by LeasingRus
Article: How to Get Out of a Car Lease and Trade the Lease
When Bruce heard about selling her 1987 Porsche 911 Carrera, he couldn’t resist the opportunity to buy it. “I’ve had my eye on it for many years,” says the 54-year-old Milwaukee cardiologist. The only problem: He already had four cars in the garage and one of them, a 2004 Mazda RX8, had nearly two years left on its lease. Understandably, Wilson didn’t want to park the car and have to make payments for the remaining lease term.The article mentions a friend told him about Swap a lease, a web site that facilitates lease transfers by posting ads from drivers who want to get rid of a car leases. While Swap a lease is a good American car lease transfer site, there are others consumers should not neglect as AutoLeaseBreakers.com and Lease Trader. Within a week, he was contacted by an interested driver in Indiana and completed all the paperwork with the leasing company, Wilson drove to O’Hare airport where car keys changed hands. “I was surprised at how easy the whole thing was,” he says. “I was completely unaware that there would be a service that allows you to get out of your lease early. I thought you just had to suffer with your lease until it was over, or pay a huge penalty.”
Terminating a car lease early can be an expensive proposition. Typically, the leasing company will require you to pay all remaining monthly payments, and sometimes even tack on interest or additional fees, according to Tarry Shebesta, vice president of the National Vehicle Leasing Association. That could add up to thousands of dollars to get out of a car lease. But thanks to web sites like Swap a lease, Auto Lease Busters, Auto Lease Breakers and LeaseTrader, consumers willing to get out of their leases early can find others looking to acquire a lease with a shorter term — and forego the hefty penalties. - More from SmartMoney or learn all about car leasing and how to get out of a lease, and transfer a lease.
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05.16.06
Posted in Get out of a car lease, Transfer a car lease, Take over a car lease at 2:13 am by LeasingRus
Question: I still have 15 months left on my lease with the option to buy at the end of the lease. I would like to get out of the lease and trade out now and have found a dealer that is willing to pay the last 15 pmts, the over the mileage the disposition fee and early termination fee. However the lease company will not except that along with the auto they told me if I did the above that It would be like a voluntary repo and would go against my credit. What if anything can I do?
Answer: Dealing with leasing companies can be very confusing. Not everyone you talk to knows the policies of the company they are representing. Furthermore, some differences in state laws come into play. Still, we don’t know why your leasing company would not allow the trade that you have arranged. On the other hand, we don’t know why the dealer would agree to make the last 15 payments and pay the early termination fee. That’s a lot of money just to get you into a new car. Is it possible the dealer is telling you they will do this but they are saying something else to the leasing company?
May we suggest that you speak with a supervisor at the leasing company and verify exactly what it will take to get out of the lease. Get the supervisor’s name and number. Them talk with the dealer and confirm that this is exactly what the dealer is proposing. Or, you can try putting the remainder of your lease on AutoLeaseBusters (to get out of a lease), Lease Trader, Swap a lease, Lease Busters or others to see if someone else will make the remaining payments.
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05.02.06
Posted in Transfer a car lease, Take over a car lease at 6:18 pm by LeasingRus
Recently reported by CNNMoney, new car buyers are taking out longer and larger loans to finance vehicle purchases, according to data from the Consumer Bankers Assoc. At the same time, financing a vehicle through leasing a car is a popular financing option consumers are taking.
The nice option with leasing a car is the ability to transfer a car lease if you opt to get out of a car lease before the contract expires with the leasing company. Transferring a car lease entails finding another consumer to take over the car lease payments from you. This allows the original leasor to avoid any stiff penalties from the leasing company.
Exiting a car lease through transferring a car lease is a great alternative if you get stuck in your current car lease. Auto lease marketplaces online offer help to those consumers who are seeking to trade a car lease or get out of an existing car lease. On the flip side, there are those people who are seeking to take over a car lease for a short period of time. Bringing both of these people together is what these online car leasing markeplaces are about - helping those transfer a car lease, and those take over an exisiting car lease.
It’s a fast growing online business. Some call it trade a lease, swap a lease, bust out of a lease, break a lease, transfer a lease - but whatever it’s called, it’s a great alternative for consumers who lease vehicles.
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