Take over car lease

[stivewaug]

Lease swapping, lease trading, or just a simple lease trade, are all different names for what it correctly called a 'lease assumption'.

A lease assumption or transfer allows one person to assume an existing lease from another person. In this process, a lease seller,
who is looking to transfer out of a car lease early, can have a lease buyer assume the lease car and remaining lease responsibility.
This lease assumption is performed legally and with full knowledge and support of the original lease company. The lease
assumption process is simple and straight-forward and is often the most cost-effective way to get out of a vehicle lease early.

Early lease termination is now permitted by most leasing companies. Lessees only have to find another driver with a similarly high
credit rating to transfer the car lease. This lease takeover provides lessees thousands of
dollars in savings compared to paying the balance of the lease (months remaining x monthly payment).

Therefore if you have a car lease (contract) and wanted to get out of your agreement, you would use a website like
CarLeaseDepot.com to post up your car then someone else may see the ad and want to "assume" or take over your lease.

Learn more here on http://www.carleasedepot.com/takeover_lease.php