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90% of the time you can transfer a car lease. It is dependent on your leasing company. You will have to find someone that is interested in taking over the remaining lease term. They will have to go through a credit check precess with the leasing company. If they are approved there will be final documents to sign and then the lease is in the new parties name and you are out.
What else can I help you with?
Is it possible to find a lease trader for a year-old car?
leasetrader.com is your answer. This website can find someone you can transfer your lease to so you can save yuorself from thousands of early return fees. It is an auto lease transfer marketplace that has thousands of customers willing to negotiate for a good deal.
Is there a difference between a term business car lease and a commercial auto lease, or are they one and the same?
A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.
If you are taking over a car payment lease this month how long would it take for you to let someone else take over your lease car payments?
If you're going a dedicated car lease transfer website, the timeframe can usually vary from 10 days to 6 weeks. This is because there is paperwork that needs to be transferred and disseminated between at least three parties - the lease seller, the lease buyer, and the finance company.
What if your husband files bankruptcy and you have a leased car?
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How do you get out of an auto lease that has two years to go?
The best way to get out of your car lease it to use a car lease exchange marketplace and find someone to take it over. Some of these you could use are swap a lease or the newest www.carleasedepot.com. The process is simple. Go to the website and post up your car lease details. You will then start to receive messages about your car from interested lease buyers. If you negotiate an agreement with the buyer then he/she would fill a credit request from the leasing company(ex.GMAC). If approved the buyer would fill out the lease transfer application form and get approved for the lease transfer. Exchange keys and you are done. Normally you would add a cash incentive to spice up the deal but if you put a large enough down payment and your car lease is attractive then it is not necessary. Also make sure that your car leasing company allows full transfer of contract responsibility. 80% allow full transfer of the lease agreement but some do not and if the new lease buyer fails to pay the monthly payments, the leasing company would return to you for payments so double check. Other than that, there is no "out" from a lease ... check ALL the fine print of your agreement, and if there is a "clause" for termination, read it very very carefully and understand every single word. Chances are good that you would still have to fulfill the monetary obligations of the lease, even if you turned the car back in early. Hard to believe a lease at $800 per month when one can be bought outright for about $400 per month.
Can you pick up payments on a car?
Yes, it is possible to take over payments on a car, but it typically requires approval from the lender and a transfer of the loan or lease agreement.
Can you cosign a car lease for me?
I am unable to cosign a car lease for you.
Does a job transfer get you out of your rental lease?
A military transfer will allow you to break a lease because of the Soldiers and Sailors Civil Relief Act, but otherwise, not unless it is written in the lease.
Can you add a name to a car lease?
can a name be added to a car lease
Can you turn a car lease in early?
Depends on verbage original contract, but you may be held liable for the balance remaining on term. If you need to exit a Car Lease in the UK the early termination costs can be extremely expensive, some companies want the full lease paid off, others want 50%, but it can vary a lot as there is no consistency. As an alternative you can consider novating the lease (getting someone else to assume it ie take the car off you and take on the remaining payments). It will be stipulated in your contract if you can do this, under terms such as "Novate", "Assume" or "Transfer". The finance company lending the money to fund the car lease will be the ones who actually transfer the lease. After transfer you can still be liable if the other party breaks the contract, so you much confirm this so you understand before doing so. This will still cost a few hundred pounds but can be a lot cheaper. For example if you have £300 pcm to pay for another 20 months and no longer need the car, this could be a total liability of £3,000 to £6,000. You might be able to transfer the lease for around £300-£600.
Where can one compare car lease quotes?
One can compare car lease quotes at the website Lease Compare. Leases can also be compared at Car Lease Deals, Cars Below Invoice, Top Car Lease Deals and M oney Supermarket.
Can you sale or transfer your car to somebody else name when its on lease under your name?
You should be able to if the leasing company clears the lien on the vehicle.
