Car Leasing 401 - Transfer a Car Lease

Benefits of Transferring a Vehicle Lease to Terminate Your Lease Agreement

• When you transfer a car lease to another consumer, the other consumer assumes the entire lease – your name is off the contract
  
• It can be a win-win – the person seeking to get into a car lease is essentially getting into a short-term car lease agreement, so they’re not stuck with a standard long-term lease contract as if they were leasing a new car lease from the leasing company or dealer.
  
• No early lease termination penalties to you
  
• Your credit should not be affected if you find someone to take over the vehicle lease
  
• It costs less to transfer your car lease to another person, even if you have to pay an incentive. It will save you thousands in terminating the lease with the leasing company.
  
• You are avoiding any potential costs incurred when the vehicle is returned to the leasing company at lease termination.

  
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Part V: Responsibilities at Lease-end