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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04.21.06
Posted in General, Get out of a car lease, Transfer a car lease, Car lease calculator at 3:09 pm by LeasingRus
The Dollar Stretcher: Gary Foreman - Linda has asked a question that I get regularly. How can I get out of a car lease? Anyone who is already leasing or thinking about leasing should consider how they would answer Linda’s question. Linda needs to recognize that a car lease is fundamentally different from buying a car and making payments. When you buy a car you own it and have agreed to pay a certain amount for it. You can sell the car. Typically you can pay your loan off early. When you lease a car you’ve agreed to keep it and make payments for a certain period of time. You do not own it. So you can’t sell or trade it.
Ok - so our take on this is if Linda is currently leasing and deciding what are the options to get out of a car lease, well, there are a few. Linda can simply return the lease at the end of her lease contract, she can buy out her lease and the end of the lease agreement, or an alternative, which is growing in popularity, is to find someone to transfer a car lease too. In other words, bust out of the car lease during the current auto lease agreement and transfer the car lease to another consumer who’s seeking to take over a car lease for a short-term.
Though before she does, it’s best to use some form of car lease calculator to determine which option is finanicially best for her. In my opinion the best option is what best suites Linda’s financial situation and personal goals. If she has a baby on the way, or a new home purchase, or needs the money for school but still requires a car, her decision as to what financial option is best for her and the car lease depends on her situation - everyone is different.
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04.19.06
Posted in General, Get out of a car lease, Transfer a car lease, Take over a car lease at 2:04 pm by LeasingRus
I like this - it’s short, brief and covers all the main points of how to get out of a car lease, as well leads you to a few sources for additional information on car leasing. Hey - they even include a link to us, so I gotta give them some props.
AutoLeaseBusters.com provides an overview of how to exit a car lease, how to break a car lease, transfer a car lease and assuming a car lease. While the read is not as easy as most, there are industry news topics placed among the car leasing information. While the site looks new, we can only assume thier soon to come online with a solid background on exiting a car lease. We’ll keep an eye on this one - and any others - like LeaseTrader, EasyRelease, Swapalease, Leaseboys., etc.
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