To contact sellers simply Click on the "CONTACT SELLER" link on any of the ads you are interested in, if you are already a registered user, you just need to log in. If you are not a registered user, you will need to register and create a new account.
You will need to enroll in a buyer program which will allow you to communicate with sellers via LeaseTrader's Message Center.
To gain open communication with the sellers and ultematelly take over a lease, buyers must prove to LeaseTrader that they PASS the minimum credit requirements. It is extremely important to PASS the credit verification process. If a buyer does not have the minimum credit requirements that it takes to lease a vehicle, and begins communicating with a seller, at the end of the day when their leasing company does not give them a PASS, then they simply wasted their time, as well as the seller’s.
Registered and Potential Buyers
These buyers have registered with LeaseTrader and have not yet joined one of LeaseTrader's buyer subscription programs.
Some have submitted a credit application, so after it has been reviewed, you will be able to see their buyer status as a good take-over candidate.
These are buyers that joined one of LeaseTrader's buyer subscription programs. Some have submitted a credit application for review but have not yet been confirmed as a Credit Verified Buyer. These buyers have the ability to contact and communicate with sellers with LeaseTrader's internal e-mailing system for early stage questions about the vehicle. For example: Is this a non-smoking vehicle? Has the vehicle ever been in an accident? Sellers will be able to answer directly via message center.
Credit Verified Buyers gain access to the sellers name and phone number.
Below are 4 different possible subscribed buyer statuses:
Not Yet Verified: Buyer has not yet submitted his application to LeaseTrader for verification of credit. Please request buyer to prove that he has the ability to take over a lease, not all will qualify.
Save time, energy, aggravation and money and only deal with Credit Verified buyers.
Under-Review: Buyers credit verification is under review, status will update within 24 business hrs.
PASS: Buyer passed the minimum credit requirements established by LeaseTrader.com
Independent from LeaseTrader’s and approval; Leasing Company must approve buyer as part of their lease transfer process.
FAIL: Buyer failed to meet the minimum credit requirements established to take over a lease.
Leasing is not for everyone, not all will qualify.
Possible causes and solutions:
1- Lack of credit history.
Solution: Re-applying with strong co-signer/guarantor
2- Derogatory credit on being reported on credit report.
Solution: Resolving credit issues with credit reporting agencies directly.
3- Balances to credit limits too high.
Solution: Pay down on Balances (it could take up to 60 days to update).
4- A Combination of the above causes.
Note: Buyer registration is accessible for multiple vehicles. Buyers may contact several vehicles at once, and If the initial vehicle doesn't work out, you don't need to re-register with LeaseTrader, simply contact another seller.