Advertise to get out of your auto lease for free

[RU482]

http://www.autoleasemarketplace.com/

If you want or need to get out of a lease, this may be a cheap way for you to advertise.

 

[Andrax]

Interesting...

I think they stole the G in GO from Google though

 

[exhume]

This idea has been around for a while on http://www.swapalease.com - my wife's been beggin to get out of her lease for at least 2 years and when I spotted the swapalease.com I thought I was saved. I chickened out though because they make it seem like if someone takes over my lease and trashes the car, the original lessee (me) could be held responsible.

 

[Wah]

I think you are right... you can never really completely get out of a lease. If you transfer the lease, and the person doesn't make his payments, then the bank will come knocking on your door.

 

[Morpheux]

That sounds true, but that's not the way it works. What you would be doing is transfering the lease to another person. With GMAC it's a $700 fee, but after 6 months, you are able to do it with and GM vahicle.

 

[jma007]

I want to transfer my IS300 but I thought if you transfer the lease to someone else it goes thru the auto maker or the bank who does the lease. For my lease it goes thru Lexus Financial so they will run the take over person's credit can prepare a new least contract for that person and I will fill out an exit lease agreement. So how can transfering a lease be still under my responsibility when we new contract is created.

 

[mikeford]

Simple, when you do it fully legit through the company you leased the car from, you are fine, otherwise its a LOT of maybe and hope so's.

A lease on a new car typically has MUCH better terms (rates etc.) than for a used car, even if the car is just weeks old, so a transfer could be very attractive. OTOH many leases only make sense on the day you buy the car and the day you return it due to the massive loss in value that occurs the moment you drive it off the lot. The only people with any interest in taking over a lease before it ends are those who have NO CREDIT ability, but do currently have the cash to make a payment. The lender isn't going to cut you free if they don't absolutely have to, so I would worry that you still might have some liability reqardless of what the paperwork says.

 

[vetteguy]

Originally posted by: Wah
I think you are right... you can never really completely get out of a lease. If you transfer the lease, and the person doesn't make his payments, then the bank will come knocking on your door.

Very true...I started a new job 45 minutes away from where I live (as opposed to 1 mile away at my old job) so suddenly my leased Grand Cherokee wasn't such a good deal. I looked at swapalease, but I don't like the idea that if I "sell" my lease to someone, and they stop making payments, then I'm still responsible. Then I have no car AND payments...no thanks.

 

[UDT89]

i use leasetrader.com