For most, car lease swapping is the best way to come out of a financial fix. It also works when there is no financial problem, but you want to buy or lease a new set of wheels.

When you transfer a car lease from the current driver to another, the new driver takes over the car lease on the same terms as the original owner and the running costs of the car, too. Car lease swapping involves making monthly payments for the remaining duration of the car lease. The new lessee is now fully responsible for the car lease after the process gets completed.

A car lease swap is also called a lease transfer/assumption. The best thing about car lease swapping is that everyone benefits from it. You could also say that transferring a car lease is a good option if you are looking to quit a lease early. Otherwise, it could result in you paying a lot of money as termination fees.

Car Lease Swapping – How to go about it?

Before you decide to go for car lease swapping, first confirm whether your financing company allows it or not. Then, familiarize yourself with the basic rules and requirements regarding car lease transfer. The seller of the car lease should also ensure if there are any fees to transfer the car lease. After confirmation, the owner has to find someone who would take over his car lease. There are many ways to find a buyer for your lease. Your friend or a relative could help you out, if there is no such possibility, then there are online platforms, where you could advertise. There is a car lease swapping website QuitALease, which is a renowned name that matches up car lease buyers and sellers. Using such a platform simplifies the entire process as they have an audience for car lease takeovers.

After you have found a potential buyer for your car lease, the finance company is going to run a credit check. This is to ensure if they are capable of paying for the monthly payments of the car lease. In case of a high credit rating, they can take over the car lease on the same terms and interest rates.

Once the buyer, seller, and the finance company complete the arrangements to their satisfaction, they are going to complete the paperwork for a formal transfer of the lease.

Car Lease Swapping with QuitALease

QuitALease is a great platform that connects people who have vehicle leases they want to get rid of with those who are seeking short-term lease with no down payments (mostly) and attractive monthly payment options.

If you want to put up your lease for swapping, then the platform lets the new and former lessee connect on the same platform, negotiate the terms and conditions, and then finalize the car deal. Here, at QuitALease, you have the option to search for a car lease within your vicinity. You can customize your car search by:

• Accessories
• Body style
• Color
• Fuel type
• Interior
• Make
• Model

Mind you that no other online platform allows the user to carry out such a detailed car lease search. Along with these filters, there are many filters you can use, such as fuel efficiency, mileage, and type. After you have successfully taken over a swapped car lease, you can look for the vehicle of your choice.

Here is a step-by-step guide to assist you through the entire car lease swapping process:

Step 1: Go to Quitalease.com.

Step 2:  Look for the search tab and then type in your preferred vehicle.

As stated above, you could use a variety of filters to help you narrow down your search and find a car of your choice according to color, make, and model.

Step 3: Give it some thought and make your decision to contact the lessee. Remember that the original lease terms are non-negotiable but there’s a lot that can still be settled.

Step 4: The process of car lease takeover begins now. Once you have found someone whose car lease you want to take over, you can directly message them. After both of you have discussed the terms in detail and finalized the deal, you are required to send a credit application to the leasing company.

The company would study all the information in detail and then decide if you are eligible for the car lease swap. If you get the company’s approval, all the necessary documents are going to get prepared and sent to both parties.

Step 5: After completing all of the above steps, you can get the car keys from the original lessee. And from now on, you will have to continue the remaining lease payments of the car.

Why QuitALease – The Benefits

Car lease swapping through QuitALease could be your fastest route to get a car. User reviews suggest that some people have been successful in getting a buyer for their car lease within two weeks. As the platform allows you to directly get in touch with the lessee, you could discuss all the aspects of the process in detail. Once you get the assurance of the authenticity, you can get on with the deal that works out in the best way possible for both of you.

Every car lease swapping has two-fold benefits. By transferring an existing lease, people can get out for their lease early. For the new lessee, it allows them to drive a car at a lower cost. Normally, a car lease lasts for five years. And, usually, people decide to quit on their car lease when it has reached its midpoint. And they have paid for half of the payments. Car lease swapping is great for the people who want to change their car shortly or know for sure if that particular vehicle is suitable for their needs and would a direct purchase of car lease would work out in their favor.

Also, sellers provide the buyers with cash incentives like cash payments and even cover the transfer costs when they are in a haste to find someone who would take over their car lease. The payments are for the short-term, which are easier to manage. There are so many other benefits as well!

Try a lease swap this year!

To sum up, a car lease swap could be beneficial for everyone who is involved in the deal. The seller of the car lease and the person who is taking up the car lease could meet their immediate need and that, too, at a lower cost than a long-term car lease.

If you want to get rid of your car lease, you could opt for it. This way, you can get the cash for whatever needs you may have or use the amount for leasing another car you have set your eyes on.

Going with QuitALease could be one of the best decisions you make regarding cars. It is a reliable platform that would assist you throughout the process of car lease swapping. This online car lease trading platform has brought people a lot of ease in terms of finding a car lease they can afford. Car leases are expensive in general, but with the option of car lease swapping, you can upgrade your car or fulfill your needs of vehicle conveniently.