Lease Trading
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Written by Chad Cook
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Tuesday, 05 December 2006 |
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Lease Trading
Ever wanted to stop your lease prematurely, relaxed with the thought you
weren't going to be hit with large fees' You can if you transfer your sublet
to someone else.
Trading a sublet is the best option for people who want to terminate a lease
beforehand and don't crave to pay the big termination imposed by most lease
agents. It can also be an alternate way to get out of a sublet for far reduced amounts
than you would otherwise pay your primary lease company for extra mileage
and wear-and-tear charges that can run into the thousands of dollars.
For a small fee, you can broadcast your car lease for assumption to a heavy-set
number of possible buyers on the look-out for leases on the Internet. Such
services are LeaseTrader.com, the originator of online lease-trading
and the larger online marketplace where most sublease transfers take place,
and lesser marketplaces such as BreakAlead.com and TradeAlease.com
Before swapping your lease, make certain your leasing company approves sublet
transfer transactions. Warning must be exercised in choosing a lease swapping service: make sure they facilitate the whole lease transfer process, offer online or phone customer-assistance help and registered buyers undergo stringent credit checks.
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Last Updated ( Tuesday, 05 December 2006 )
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