Leasing and its benefits
The benefits of leasing offer significant freedom in terms of capital
investment and contractual obligations.
In general, the major "benefits of leasing"
- Reduces monthly payment amount.
- Reduces the need for cash down payment.
- Makes it easier to upgrade to a more expensive model.
- Makes it easier to enjoy a new vehicle more often.
- Makes it easier to keep up with the latest vehicle technology.
- Permits you to return the vehicle at lease end and walk away, assuming
there are no charges for excessive wear and use and/or excess mileage
after payment of the disposition fee, if any.
- Provides the option to buy at a fixed price.
- Reduces the hassle at trade-in time.
Please note that pricing may vary, so the benefits of leasing versus
retail financing may vary.
What is "Closed End Leasing"
At the end of the lease, assuming the vehicle is returned in the
condition outlined in your lease agreement, your obligation ends.
There is no car to trade in, and there are no negotiations on its
value toward the purchase of a new car. You may lease or buy a new
model, or you may elect to purchase the automobile.
Now, once in a lease contract if you are looking to get out, it
is now possible with LeaseTrader.com.
Get out of a leasing agreement, terminate a car
lease early, end a car lease contract early and exit out of a lease
prior to the completion of the auto lease contract.
LeaseTrader.com helps you get out of an auto lease by tranferring
your excisting leasing contract to a credit-qualified buyer with
the approval of your leasing company, release you of your actual
leasing contractual obligations.
LeaseTrader will help you get out of an auto lease and give you
a fast and inexpensive way to Get out of an auto lease prior to
expiration of the auto lease contract.
Breaking a Lease and getting out of an auto lease, could save you
thousands of dollars in dealer fees and lease termination fees!
How to"GET OUT OF AN AUTO LEASE"
The leasing companies are happy, they'll continue to collect monthly
By advertising your autolease or the lease for trade or auto lease
for sell or lease for transfer in LeaseTrader.com, the largest,
the originator of the vehicle lease transfer process and where most
of lease transfers in the market take place,
Take Over a short term auto lease
Auto lease buyers looking to take over a short term leases like
yours, must undergo a credit check before they are able to contact
lease sellers looking to get out of a lease. This is an incredible
service this company does for lease sellers looking to end a lease
or trade a lease before the contractual lease end date since the
leasing company or better called the actual owner of you mobile
must approve the lease transfer transaction before they would allow
you to get out of an auto lease or allow some one to assume a lease.
An alternative for people facing large, lease-end extra wear and
tear fees or extra mileage fees -- which can run 10 cents a mile
and up -- is to consider a third-party buyout called an auto lease
If you think you can sell the car lease for more than it would cost
you to buy the yourself and pay the early lease termination dealer
fees. Also if your vehicle leasing company is a willing participant
to allow you to trade out of a lease, it's important to investigate
what you truly stand to benefit. Caution that third-party automobile
buyouts are not the best bet for everyone that has a lease in 99%
of the cases.
A final word It should be noted that while it is sometimes possible
to make lease transfers by yourself. In all cases, the leasing company
must be involved.
Before this service came along, it was not uncommon to see classified
ads in local papers from people trying to get out of an auto lease,
but in many cases, the lease company wasn't informed.
The people (selling their car leases) didn’t realize they were still
liable for the lease if the new person stopped making payments or
the disappeared. They were just looking for someone to assume the
Early Lease Termination of an lease can be costly, but LeaseTrader.com
makes it easy to transfer a lease and to get out of an auto
lease, a cost effective option if you want to get out of
an auto lease early.
Under the federal Consumer Leasing Act, you, the consumer, have
a right to information about the costs and terms of a vehicle lease.
This information will help you compare lease offers and negotiate
a lease that best fits your needs, budget, and driving patterns.
This consumer guide is for a closed-end lease, the most common
type of vehicle lease. With a closed-end lease, you may return the
vehicle at the end of the lease term, pay any end-of-lease costs,
and walk away. The sample leasing form shows the types of information
the dealer or leasing company must give you before you sign a lease.
"Leasing language" gives definitions of terms associated
with vehicle leasing.
You do not own the vehicle. You get to use it but must
return it at the end of the lease unless you choose to buy it.
Up-front costs may include the first month's payment, a
refundable security deposit, a capitalized cost reduction (like
a down payment), taxes, registration and other fees, and other charges.
Monthly lease payments are usually lower than monthly loan
payments because you are paying only for the vehicle's depreciation
during the lease term, plus rent charges (like interest), taxes,
Most leases limit the number of miles you may drive (often
12,000-15,000 per year). You can negotiate a higher mileage limit
and pay a higher monthly payment. You will likely have to pay charges
for exceeding those limits if you return the vehicle.
Most leases limit wear to the vehicle during the lease
term. You will likely have to pay extra charges for exceeding those
limits if you return the vehicle.
At the end of the lease (typically 2-4 years), you may
have a new payment either to finance the purchase of the existing
vehicle or to lease another vehicle.
You are responsible for any early termination fees or charges
if you end the lease early.
You may return the vehicle at lease end, pay any end-of-lease costs,
and "walk away."
The lessor has the risk of the future market value of the
Consider the beginning, middle, and end-of-lease costs
At the beginning of the lease, you may have to pay your first monthly
payment; a refundable security deposit or your last monthly payment;
other fees for licenses, registration, and title; a capitalized
cost reduction (like a down payment); an acquisition fee (also called
a processing or assignment fee); freight or destination charges;
and state or local taxes.During the lease, you will have to pay
your monthly payment; any additional taxes not included in the payment
such as sales, use, and personal property taxes; insurance premiums;
ongoing maintenance costs; and any fees for late payment. You'll
also have to pay for safety and emissions inspections and any traffic
tickets. If you end your lease early, you may have to pay substantial
early termination charges.
At the end of the lease, if you don't buy the vehicle, you may
have to pay a disposition fee and charges for excess miles and excess
You can compare different lease offers and negotiate some terms.
Consider . . .
the agreed-upon value of the vehicle--a lower value can reduce
your monthly payment
up-front payments, including the capitalized cost reduction
the length of the lease
the monthly lease payment
any end-of-lease fees and charges
the mileage allowed and per-mile charges for excess miles
the option to purchase either at lease end or earlier
whether your lease includes "gap" coverage, which protects
you if the vehicle is stolen or totaled in an accident.
Ask for alternatives to advertised specials and other lease offerings.
For more leasing information . . .
Contact your dealer, manufacturer, leasing company, or financial
institution for more information.The federal Consumer Leasing Act
and some state laws may provide you with additional consumer rights
not covered in your lease agreement. For information on these laws,
contact your state's consumer protection agency or Attorney General's
Know your rights and responsibilities
When you lease a vehicle, you have the right to
use it for an agreed-upon number of months and miles
turn it in at lease end, pay any end-of-lease fees and charges,
and "walk away"
buy the vehicle if you have a purchase option
take advantage of any warranties, recalls, or other services that
apply to the vehicle.
You may be responsible for excess mileage charges when you return
the vehicle. Your lease agreement will tell you how many miles you
can drive before you must pay for extra miles and how much the per-mile
charge will be.
Excess wear charges when you return the vehicle. The standards
for excess wear, such as for body damage or worn tires, are in your
Substantial payments if you end the lease early. The earlier you
end the lease, the greater these charges are likely to be.
LeaseTrader.com leasing transfer specialists help lease customers
through each step of the lease transfer process. Lease Trader has
assisted thousands of car lease owners clients to "get out
of auto leases" succesfully.
"Get out of an auto lease", at LeaseTrader.com, and
learn how breaking a lease can be the right option for you, when
Lease Trader has assisted thousands of leasing clients to get out
of leasing contracts succesfully.
Get out of an auto Lease at Leasetrader.com, and learn how breaking
a lease can be the right option when done correctly.
Related Documents may be found at LeaseTrader.com