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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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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05.16.06
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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05.06.06
Posted in Transfer a car lease, Car lease calculator at 4:53 pm by LeasingRus
Many consumers who’ve financed their vehicle through leasing that I’ve spoke to have eluded to the fact they’ve considered transferring their car lease. But why? Well, not for the fact that car leasing is a bad option, in fact it’s their preference of choice over buying with todays depreciating value of automobiles. Their main reason for wanting to transfer a car lease is due to personal or family obligations. I’ve heard people talk about transferring their lease because of wanting to save more money with considerating of purchasing a new home, or for a new baby is on the way, or simply financial obligations have popped up where the need for the money is needed. Then again, there are those people who simply want to upgrade to a newer model of vehicle part way through their lease.
Car Lease Transfer - Consider This First
Before considering to transfer a car lease, do the math first. Use one of the many online car leasing calculators to figure how much it will cost you if you transfer your car lease, or how much a new lease will be if you’re considering upgrading to a newer lease. To exit a car lease, or break a lease, its important for the consumer who’s taking over the lease to understand the benefits, and disadvantages of why they should take over a car lease. But before a consumer considers terminating a lease, they should understand any stipulations by the leasing company and if any penalties are required to be paid. Though to avoid any problems in the future from paying stiff penalties from exiting your auto lease early, ensure you consider all the options why you first negotiate the car lease.
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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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