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Swapping a lease is a great way to get out of a lease without penalties. It is also a great way to get a short term lease, by finishing up a lease that someone else started.
Wiki User
∙ 12y ago
There are several reasons why someone might want to swap a lease. It could be because their financial situation has changed and they can no longer afford the payments, they no longer need the vehicle, or they simply want to get into a different car. Swapping a lease allows them to transfer the remaining lease term and payments to someone else, relieving them of the financial responsibility.
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Where are some of the places that one can find a car swop or swap?
There are several places that one can find a car swap. Online options include Swap My Whip and Swap A Lease. The website Collector Car Swap Meet is a site that one can meet people that want to swap cars and then swap in person.
How can you get information about swapping a lease?
The first step would be contacting the place you have a lease with. You would need to consider their policy on swapping leases and what they require. In situations where the lease holder may not agree to let you swap your lease, you will need to contact a local attorney who can help you with this matter.
How does a person swap a lease?
Different services exist to match leasees with people who want to take over those leases, such as swapalease and leasetrader. There is, however, a transfer fee based on the credit of the person swapping the lease.
How does a lease swap for automobiles work?
A lease swap transfers a lease (and vehicle ownership) from one individual to another. The new owner is now responsible for making payments and the original owner relinquishes responsibility. This is essentially a way for an individual to get rid of a car if they can no longer afford payments. However, some companies may charge a fee or penalty for such a swap.
Can you swap a lease within a month of signing?
After registering your car online, and someone is interested in taking the lease off your hands then there wouldn't be a problem with swapping the lease within a month.
How much is it to lease commercial property?
It just depends how much you want to lease it. You don't need to lease it at such a high price nobody would want to buy it. If someone offers you a decent amount of money close to your price I would take it.
Why would you want to lease a BMW?
I personally would not want to lease a BMW. I imagine some people would say because BMW are expensive and show social status. But if you are looking for a status symbol I would go with something more unique.
In what circumstances is a capital lease better than an operational lease?
You want to use a capitol lease on big items that are not going to be obsolete in a hort period of time. For instance if you owned a tow truck company a capitol lease would be ideal for the trucks. An operational lease would be good for the computer system, and office equipment you would need.
How long do you have to wait after signing to be able to swap a lease?
Depends on where you live. Each province has their own rules.
I want to move but have a 1 year lease which doesn't expire till may 2010. My landlord advised me that if I move I would be liable for remaining time on lease but it doesn't say that on lease. What can I do?
i would fine a way to see if he is braking the lease in any way and than take that to a judge and have him sign you out of your lease but you have to have proof the your landlord is braking hin lease with you
What is the correct word to use when you want to rerent an apartment that you are leaving before your lease is up?
To lease the remaining term of your lease agreement is known as a sublease. You would remain on the "hook" for the balance of the term with your existing lease while the sublease tenant would then be obligated to you. You may want to find a replacement tenant and see if the landlord would cancel your lease and then execute a lease directly with the tenant you identified. This would relieve you of any potential liability. Just remember that the landlord is not obligated to do so nor are they obligated to allow your sublease. Check with an attorney to clarify your rights under the existing lease agreement.
How can you find another person to take over their car lease?
If one is looking to get out of their car lease, they may trade it back to the dealer for another car. There are websites such as Swap A Lease or Lease Trader that may find someone interested in taking it over. It is possible to post on eBay Motors.
