Take Over a Lease
Dealerships offer brand new cars for lease. Why shouldn't I just go and get it that way?
I really like the car available, can I just buy it?
If I take over a lease, can I change the specifics of the lease?
What happens if I want to take-over a lease of a vehicle located far away from me?
Get Out of a Lease
How long will I be listed for?
What increases my chances of getting out of my car lease?
How can I determine what a good incentive is?
What happens if I don't want to use your service and just terminate my lease?
General Questions & Answers
AND Remember:
We are here to help! Please contact us if you are unsure or require any assistance. We always urge you to contact your lessor and ask them directly any specific questions you have if you are unsure of anything. We can give you general advice on most of your queries but lease details, and questions pertaining to specifics of your lease agreement you have signed with your lessor MUST be directed and discussed with your lessor directly.
For any other questions/comments/concerns please email us.
For clients who want to take-over a lease
Dealerships offer brand new cars for lease. Why shouldn't I just go and get it that way?
Although you could do that, utilizing LeaseRelease will get you the same top of the line car with a lease that suits your needs! In addition, depending on the incentives offered by the client who owns the lease, you might wake away with cash to help you start off with your lease payments! Also, you can find a unique car lease, structured to you and your lifestyle, perhaps taking over a car lease with only 5 months left on it.
New cars for lease don't come cheap; you still have to pay the deposit, freight, and P.D.I. along with various other administrative charges and a signed lease for 12 to 72 month periods.
How will this benefit you?
Find the best deal on a vehicle and lease that suits you and your lifestyle
Get access to the best vehicles on the market along with free CarProof™ reports
Get incentives from members who want out of their contracts (i.e. complementary payments, cash etc.)
Get out of your lease quickly, easily and efficiently
Save thousands of dollars in early lease termination fees or unreasonable buyout options
I really like the car available, can I just buy it?
Yes. All vehicles on lease agreements are available for purchase prior to expiry of the agreement. Both parties (listing and interested) must contact the lessor to determine the buy-out price and go forward with a purchase plan.
Please note: The lease take over party, and lease posting party must work directly with the Lessor of the vehicle to make this happen.
What happens if I want to take-over a lease of a vehicle located far away from me?
The listing party must take all appropriate measures to deliver the vehicle they offer on their listing to the taking-over party. Both parties must agree on terms of how this delivery will take place. LeaseRelease is not responsible for any losses, defective or lost/stolen vehicles.
For clients who want to get out of their car lease
How long will I be listed for?
Listings are valid until the expiry of your Lease. For example, listings are basically good "forever" but they expire when your lease comes up for renewal with your lessor. You cannot be trying to get out of your lease if it has expired and you don't have one anymore.
At this time your listing will officially be removed from LeaseRelease.
What increases my chances of getting out of my car lease?
This is a very good question and one that you will have to end up answering on your own. The offering of incentives is the best way to ensure a smooth and prompt transfer. The offering of cash is the most popular, paying any transfer fee's for the take-over party, offering to pay an "X" amounts of the lease for the take-over party etc.
How can I determine what a good incentive is?
The best way to answer this question is by taking a look at your current agreement with your lessor and determining what the termination fee is.
For example if you have 24 months remaining on your lease and after inquiring with your lessor you find out it will cost you $200 per month remaining on your lease agreement to cancel your lease. To be released from liability from your lessor, this means it would cost you a total of $4800. ($200 x 24 months = $4800)
Perhaps an appropriate incentive would be offering $750 cash and to pay any transfer fee's to be incurred by the take over party.
How much does it cost?
Free for parties who are interested in taking over a car lease.
For persons who are offering a lease:
You can opt to list flat out on LeaseRelease for the low price of $39.99. Or, you can opt to utilize our risk free service mailbox unlocking feature and list your lease for free. When interested parties contact you (leads), the cost to unlock your mailbox will be a one time payment of $59.99.
Also you have the option to advertise your listing on LeaseRelease with numerous different marketing plans to highlight and make your posting "stick out" for an additional fee(s). Please check back often as these prices fluctuate due to bargain sales and promotions!
What happens if I don't want to use your service and just terminate my lease?
Although not recommended, this also is very possible. When you notify your lessor that you want to early terminate your lease they will charge you depending on how many months remain on your lease agreement along with an early termination penalty. This option can cost the lease owner thousands of dollars depending of course, on the specifics of his or her lease as well as the rules and penalties set in place by the lessor for early termination of a lease.
What is your refund policy?
Payments, (refunds) will be issued only to persons who have been victims of fraud. This has to be proven in writing by your financial institution and/or your local law enforcement agency and sent to LeaseRelease's offices.
Accidental "double postings" are eligible for a refund. Please allow up to 10 business days for this to reflect on your credit card statement.
Please be careful and patient when clicking "submit", you only need to click it once.
General questions and answers pertaining to both parties
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