Exit A Lease

Understanding Lease Transfers

Leases are a great way to get the most car for your money.

But what if you are in a lease and happen to stumble upon the car of your dreams? Or perhaps your living situation changes and that shiny red roadster you leased can't accommodate say, newly arriving twins?

Ordinarily, the only way to exit your lease early is by paying off the rest of the lease payments or buying the vehicle outright - two very costly options. Recently, people have been discovering the benefits of lease transfer, where someone else takes over the remaining months of your lease.

You walk away from your lease with no penalties and no negative effect on your credit.

How Lease Transfers Work

The concept of lease transfer has been around for some time, although now large online marketplaces, such as Swapalease.com, are facilitating this process by bringing interested buyers and sellers together from all over the country. The lease seller simply lists their vehicle in an online ad. Interested buyers browse the inventory and select the vehicle they like.

The buyer and seller then negotiate the details of the transfer such as transportation, condition or warranty of the vehicle. After the buyer is credit approved from the leasing company, the transfer paperwork is signed. The new lessee's name now replaces the original lessee. Both parties then arrange for the physical transfer of the vehicle.

A Win-Win Situation

If you need to exit a lease, a lease transfer is your fastest and most cost-effective option. If you are a lease buyer, you have the flexibility of entering a very short term lease with no money down. This provides a win-win situation for both parties.

Lease Transfer Tips

So what is the best way to start exiting your lease? First find a large and reputable lease transfer marketplace such as Swapalease.com.
The larger the marketplace, the more interested buyers your vehicle will receive. Swapalease has helped thousands of people all over the country successfully transfer their vehicle lease.

Swapalease.com's customer service representatives will walk you through the entire process and they are available online or toll-free for questions or comments. Second, be sure to include in your ad as much detail as possible. Be sure to take clear pictures of your vehicle that conform to the image dimension and size restrictions of the site you are using. Finally, respond to buyer inquiries as soon as possible. Providing the most information to buyers promotes a faster transfer.

About Swapalease

Founded in 1999 Swapalease.com was developed to allow consumers to easily step in and out of their leasing obligations. Swapalease has transferred over $400 million worth of vehicle leases across USA and Canada. As the world's largest lease marketplace, Swapalease has been featured in The Wall Street Journal, MSNBC, CNN, and Time.

Lease Transfer in Action