Car Lease Transfer

Some leasees find themselves ready to give up their leased car before their lease period ends. The majority of these leasees are transferring their lease for the first time and it is helpful to know a few important factors that go into transferring a car lease to a new owner. If you fall into this category, read below on how you can successfully transfer your car lease!

Is A Transfer Available?

Leasing companies tend to allow transfers of leases, but there are a few out there who do not have this option available. You should read your lease contract or ask the leasing company if they can transfer. Also, if a company does have the option to transfer, lease transfer must have fallen between a certain time frame after the car has been leased.

Who Can Take Over Your Lease?

Whether the transfer is for a close friend, family member, or some random person who is interested, you should give a detailed explanation of what the terms are of the lease and what payments still need to be made. If you have trouble finding someone to transer your lease to, try posting classified ads in the local newspaper, posting an ad in your local supermarket, or posting on a public online message board.

Found A New Lease Holder, Now What?

Once you have found someone agreeing to take over your car lease, it is necessary for them to complete a credit application, which is available if you call your leasing company and grab a copy of the application or the new lease holder calls and gets one.

Once the credit application has successfully gone through, it is smooth sailing from here. You and the new owner of the leased car will need to complete a short transferral form to complete the process. The leasing company will notify you when the transfer is complete and will give the car to the new owner.

 

The opportunity for you to transfer your lease is an easy process with Swapalease.com! Swapalease.com is the largest online lease marketplace with the best car lease deals. Call to learn how you can have a successful car lease trade at 866-SWAPNOW.

Get Couped Up In These Fuel Efficient Two-Seaters

Summer is blazing away and consumers are in season to trade in their car or lease out a car. Cruising in a two-seater actually sounds pretty nice as your next ride, right? Because of the summer traveling you might do or just want to downsize the size of your car, here are the top three fuel-efficient two-seater coupes and a few features! Dive into their specs and see which one is calling your name!

Mazda MX-5 Miata Sport

Starting: $26,395

MPG: 26 city/ 35 hwy

Engine: 2.0 Liter, 148 lb-ft of torque, 155 horsepower and 6-speed Sport automatic transmission

Features: LED headlights, black drop top with rear glass window, Bluetooth, and dual airbags and side-impact airbags.

Audi TT Coupe

Starting: $43,500

MPG: 23 city/ 30 hwy

Engine: 2.0 Liter. 258 lb-ft of torque, 220 horsepower, 6-speed S tronic® dual-clutch transmission, and quattro® all-wheel drive.

Features: Full LED headlights, rearview camera, Audi Side Assist, Bluetooth, and driver and front passenger dual-stage airbags, front thorax, side airbags, knee airbags, and Sideguard® head curtain airbags.

Porshe Cayman

Starting: $52,142

MPG: Manual 20 city/ 23 hwy | PDK Automatic 22city/ 32 hwy

Engine: 2.7 Liter, 6-cylinder, 275 horsepower, 213 lb-ft torque, and 6-speed manual rear-wheel drive and PDK Automatic.

Features: Low and high beam xenon headlights, ambient dimmable LED lighting, high-resolution 4.6 in. color display, Bluetooth, and full-size front, head, thorax, and knee driver and passenger airbags.

Ready for your dream two-seater coupe? Luckily, Swapalease.com offers all these models you just looked over, and more! Swapalease.com is the largest online lease transfer marketplace and has vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

Upcoming “Gotta Have It” Cars You Need!

With the summer months ready to fly by in an instant, this means dealerships are getting ready to put out new cars in a couple months that are creating a stir, becoming “gotta have it” rides to show off during the remainder of the year. Here are a few of the anticipated cars coming late summer and fall.

Late Summer

2018 Volkswagen Tiguan – Mid-Size Sporty SUV

  • MSRP starting at $24,995
  • Engine 2.0 L 4-cylinder, Standard turbocharged 200-hp engine and available 4MOTION all-wheel drive, 6-speed automatic transmission with Sport mode
  • 40/20/40-split folding, sliding rear seats
  • Rearview Camera System and VW Car-Net® Security & Service

2018 Alfa Romeo Stelvio – Hatchback

  • MSRP starting at $41,995
  • Engine 2.0L Direct-Injection I4 Intercooled Turbo Engine, 280 HP*, 306lb-ft of torque, 8 Speed Automatic Transmission
  • Standard 40/20/40 split fold-down rear seat
  • Integrated Brake System, Standard Backup Camera with Rear Park Sensors, Available Forward Collision Warning Plus

Fall

2018 Ford F-150 – Truck

  • MSRP starting at $27,380
  • Engine 3.3L V6 that generates 282-horsepower and 253 lb-ft of torque, 10-speed automatic transmission
  • Cargo Box Length @ Floor (in) 78 and Cargo Volume (ft³) 62.3
  • 360-degree camera technology helps with parking and connecting a trailer, Segment-first Pre-Collision Assist with Pedestrian Detection, Lane-Keeping System

2018 Buick Regal TourX – Mid-Size SUV

– MSRP starting at $mid-$30,000

  • Turbocharged 2.0-liter inline-four that puts out 250 horsepower and 295 lb-ft of torque. Intelligent all-wheel drive
  • 33 cubic feet of space behind the rear seats, and those seats fold to create a 74-cubic-foot hold
  • Side Blind Zone Alert, Forward Collision Alert with Following Distance Indicator, Forward Automatic Braking, Front Pedestrian Braking and more.

2018 Kia Stinger – GT Concept Sports Sedan

  • MSRP starting $35,000-to-$45,000
  • Turbocharged engines, both matched with an 8-speed automatic transmission. The available twin-turbo V6 engine offers over 360 horsepower
  • 2.0-liter turbocharged 4-cyl engine, 255 hp and 260 lb.-ft. of torque
  • Cargo dimensions not available at this time (But enough to fit even two gold club carriers and more!)
  • Driver Attention Alert (DAA), a Kia first, Forward Collision Assistance (FCA), Autonomous Emergency Braking (AEB), Advanced Smart Cruise Control (ASCC), Lane Keep Assist (LKA), Blind Spot Detection (BSD), Rear Cross Traffic Alert (RCTA)

Got your mind going? Great because did you know Swapalease.com, the largest online lease transfer marketplace, carries inventories from these same brands and similar models? Swapalease.com is the online marketplace with vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Types of Car Leases

You are ready to have a car but buying one is the issue. So you turn to leasing. You might have heard the typical “short/long-term” lease or “used car” lease but here are a few more specific options for you that you should be informed about.

Open-End Leases

A less common lease, this type of lease is used by businesses or those who find themselves traveling more than others. Consumers should expect:

  • Higher monthly payments
  • Having to pay for depreciation if car is under market value
  • If car does not depreciate, you may not be required to pay additional fees
  • Quicker depreciation due to excessive wear or mileage
  • No mileage restrictions

Close-End Leases

A most common lease consumers go for, where at end of lease you can “walk away”. It entails the usual:

  • Good credit gives you the chance of lower monthly payments
  • Agreeing to the fixed number of years lease contract states
  • Keeping up with required maintenance of car
  • Staying within pre-determined mileage
  • Returning car to dealership at end of the lease

“Option to Buy” Lease

This leasing option, particularly for new car leases, gives you the option to purchase the car at the end of the lease. Here are a couple tips towards the end of this lease:

  • When going over “option to buy” pricing, make sure to negotiate price and have it listed in the contract before signing. Is the negotiated price higher or lower than the car’s market value?
  • At the end of the lease, you can either pay cash to buy the car or finance the buyout price
    • If you decide to finance, be sure to negotiate interest rates.

Single-Payment Lease

Speaking of cash, this is where the single-payment lease comes in. Did you know you have the option to put a large amount of cash money down on a lease?

  • You can pay entire sum of the lease when you sign. This helps get rid of monthly payments and can possibly help eliminate most of the monthly interests.
    • Paying a large amount up front can help you catch a better deal on your purchase price
  • Finance rates will be lower and the chances of getting approved for this lease is better
  • With this lease, all the costs will be presented up front in the contract so you can see all the fees and other costs

Subvented Lease

This type of lease is quite unique. Offered by finance companies associated with a particular manufacturer, these leases are available because automakers need to get their inventory moving, especially those in low demand. With this lease:

  • It may only be available to those with great to excellent credit
  • If you qualify, it can save you a lot of money
  • Interest rates are lower
  • Estimated depreciation is lower, which can lead to lower monthly payments.

Now that you got a little insight on these numerous leasing options, it still can be scary and might get you confused in which option to go for. Luckily, Swapalease.com can help! Swapalease.com is the online marketplace with vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Celebrating The 4th of July With Liberty and SUV Lease Deals For All!

Get you sparklers ready and jump for joy because there is something else you should be celebrating on 4th of July: lease deals! That’s right, half of the year is already over and dealers are offering unbeatable deals on SUVs! Planning a 4th of July trip with your family? Take a look at these SUVs and you might find your new ride! Hurry before these deals end!

  • 2017 Honda HR-V
    • Subcompact SUV, 28 city/34 highway, 5-seater, cargo volume 23.2 to 24.3 ft³, 55.9 to 58.8 ft³ with seat area.
    • *Offer valid through July 5th: $179/mo for 36 months. $2,299 due at signing.
  • 2017Jeep Renegade
    • Subcompact SUV, great for off-roading, 24 city/31 highway, 5-seater, cargo volume 18.5 ft³, 50.8 ft³ with seat area.
    • *Offer valid through July 5th: $219/mo for 36 months. $3,499 due at signing.
  • 2017 Kia Sorento
    • Mid-size SUV, 21-city/ 28 highway, 5-7 seater, cargo volume 11.3 to 38.8 ft³, 73 to 73.5 ft³ with seat area.
    • *Offer valid through July 10th: $224/mo for 36 months. $2,599 due at signing.
  • 2017 Nissan Murano
    • Mid-size SUV, 21 city / 28 highway, 4-5 seater, cargo volume 32.1 ft³, 67 ft³ with seat area.
    • *Offer valid through July 5th: $259/mo for 36 months. $ 3,599 due at signing.
  • 2017 Ford Expedition
    • Large SUV, 15 city / 21 highway, 8-seater, cargo volume 18.6 ft³, 108.3 ft³ with seat area.
    • *Offer valid through July 5th: $539/mo for 36 months. $2,939 due at signing.

*Prices May Vary Depending On Dealer*

Ready to lease out the SUV or look at any other vehicles you have your eye on? Swapalease.com has been helping people who want to switch up their ride for more than 15 years. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that carries a massive selection of vehicles to lease! For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

First Time Leasing? What Documents to Have.

Leasing a car is a tedious process and it is important that you are starting it correctly. This means gathering the important documentation required to be able to lease a car. If you are interested in leasing a car and don’t know what you should have with you, here are some documents to remember and documents to expect!

  • Your Personal Information
    • Signed credit application that lists all personal and appropriate credit information during your application process
    • Your full name, home address (and time you have lived there), date of birth and social security number
    • Copy of Driver’s License
    • Amount of mortgage/rent
  • Additional Paperwork
    • Proof of residency if you have lived at home address for a short period of time
    • Proof of income
    • Copy of social security card and birth certificate if an error occurs through identification on credit report
  • DMV Requirement
    • Proof of insurance
  • Lease Contract
    • Lists interest rate, fees, and payments throughout the term as well as the lease-end buy-out amount.
    • Contract termination details and termination fees as well as a lack of insurance penalties and over-mileage penalties.
    • Documentation of all vehicle information.
    • Required to sign all documentation within the contract and yourself and your bank will receive copies.

Now that you have an idea of what you need, preparing to lease a car should be a little easier. Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Summer Fun Convertibles To Lease Out

Summer is right around the corner and the desire for a nice sleek convertible to enjoy the summer breeze and sun are kicking up! You also are looking at convertibles that aren’t too menacing with your gas. Ranging between $15,000 to $25,000, take a peek at these few must-have convertibles to get your summer on and travel!

  • 2017 Volkswagen Beetle Convertible – Starting $24,725 with MPG 24 city/33 highway
  • 2017 Mazda MX-5 Miata Convertible – Starting $24,915 with MPG 26 city/33 highway
  • 2017 Ford Mustang Convertible – Starting $30,685 with MPG 21 city/27 highway
  • 2017 Chevy Camaro Convertible – Starting $31,905 with MPG 26 city/33 highway
  • 2017 Buick Cascada Convertible – Starting $33,065 with MPG 20 city/27 highway
  • 2017 Audi A3 Convertible – Starting $37,600 with MPG 25 city/34 highway

Did you know Swapalease.com also has a great selection of convertibles to choose from?If you’re considering a convertible, consider leasing one through Swapalease.com. Our lease transfer process allows you to afford that convertible of your dreams and easily trade out of the lease at any time.

The online marketplace has vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, contact Swapalease.com at 866-SWAPNOW.

Wanting To Lease A Used Car

The majority of leasees look for new cars to keep up with the latest cosmetics and gadgets cars have today. However, there are a few who are interested in leasing out a used car. How does it work? Is it the same as leasing a new car? Will I have restrictions? Here are a few tidbits on wanting to lease a used car.

When leasing a used car, it is best to look at cars around the two to three years old. Most of them are still under warranty or a certified pre-owned can come with an extended warranty. Keep in mind, sometimes the cost to lease a used model of a car can be the same or above the current year model.

Make sure to have a full inspection completed before leasing the car. You don’t want to drive it off the lot if there are problems you cannot see.  Also, any problems you find can help lower the cost of the car.

There is an option to take over an existing lease, but it needs to be approved first by the leasing company and at the end of the lease, you are responsible for the repairs done by the original owner.

A downside to looking for used cars to lease is that there isn’t a wide selection to choose from since fewer companies aim for leasing new cars, not used one. So if you have a specific car in mind, you might need to go for a lease on a new car.

Swapalease.com has been helping people who want to switch up their ride for more than 15 years. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that lease. Both parties get what they’re looking for all with the convenience of online shopping. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Car Lease Expiring Soon But Want To Lease Same Car?

It is almost time. The end of your lease is almost here but you have one problem. You love the car and don’t want to give it back! It has become part of your life and you aren’t ready to give it up, but at the same time, you don’t want to buy it either. So the question is, can you lease out the same car?

Typically, at the end of a lease, you either hand the car back from the dealership you got it from or you negotiate a deal to buy it. You however like the idea of leasing. How does that work with what you have now? It’s simple really, it is the process of re-leasing the existing car, in other words, a “used car lease”. Here are some quick tidbits about re-leasing.

  • When a new lease is drawn, your car, of course, has lost value so there will be a new depreciation.
  • The cost of the lease agreement will be reduced slightly and you can possibly expect lower monthly payments.
  • Try negotiating your mileage limitations
  • If you can’t re-lease your current vehicle, see if leasing company can reclaim vehicle at end of lease or sign a new agreement and trade for a newer model or same model.

However, a good thing to keep in mind is that most lenders avoid leasing used cars to avoid risks and some can charge a higher interest rate to re-lease. 

You can also extend your lease if you don’t want to have a new lease made up.

Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that allows drivers to list their current lease or look for a lease that fits what they need! For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

Top 5 Leased Cars of 2017

They leased them, and dealership companies kept track! Over the course of 2017, hundreds and thousands of cars have been leased. If you are interested in leasing or transferring your lease, take a look at some of the top picks below in sedans, SUVs, and trucks.

Note: Estimated Prices Vary Amongst Dealerships

Cars/Sedans

2017 Chevrolet Impala – $279 per month for 39 months

2017 Ford Mustang – $299 per month for 36 months

2017 Cadillac ATS – $389 per month for 39 months

SUVs

2017 Acura RDX – $309 per month for 36 months

2017 Jeep Grand Cherokee – $239 per month for 36 months

2017 Nissan Murano – $259 per month for 36 months

Pickup Trucks

2017 GMC Sierra 1500 – $279 per month for 36 months

2017 RAM 1500 – $129 per month for 24 months

2017 Ford F-150 – $299 per month for 24 months

If you are looking to change up your ride and want the best deal out there, head over to Swapalease.com and check out all the of great lease vehicles they have to offer. Swapalease.com is an online marketplace that allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that lease. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.