Are there any additional or hidden fees involved in lease transfers?

Sep 11
0

AutoLeaseBreakers.com has zero hidden fees. We only charge the fee of listing the vehicle lease with Auto Lease Breakers. However, be aware of other online lease market places who have hidden fees. There is typically one hidden fee found with other lease swapping marketplaces, beyond charging lease buyers to register (a barrier for lease buyers).

This includes the nominal fees charged to facilitate the lease transfer process, and those fees required by the leasing company who holds the vehicle lease. Leasing company fees can include both credit application and lease transfer fees. Each leasing company has their own fee structure, and they vary broadly from one company to the next. However, be aware of lease swapping sites who have other hidden fees such as adding additional photos, adding additional vehicle lease details, and charging lease buyers to contact your lease advertisement.

As with any change of vehicle “ownership”, there may be vehicle licensing or registration fees required by your state. Policies and fees vary by state. The leasing company which holds the lease can advise you on how to manage these details, since technically they “own” the vehicle. Some states may require payment of taxes, in addition to the use tax normally included in monthly lease payments. These are a matter of policy in each state. AutoLeaseBreakers.com does not have expert knowledge of these taxes. If you are unsure about your state’s policies, you can check with the agency that handles taxes for your state, or ask a local auto dealer who should be able to advise you on how taxes are handled in vehicle purchase or lease transactions.

Read more Are there any additional or hidden fees involved in lease transfers?

How does the car lease transfers process work?

Jun 11
0

The basic lease transfer process is the same for all leasing companies. The individual wishing to assume the lease submits a credit application to the leasing company.

The leasing company will make a decision on the credit worthiness of the applicant. If approved, lease transfer documents are prepared and signed by the original and assuming lessees.

The transfer is complete when the signed documents are returned to the leasing company and processed. There are variations in the fees and details for each leasing company.

Read more How does the car lease transfers process work?

Is it possible to terminate a lease prior to the full term of the contract?

May 15
0

It is possible to terminate any lease prior to the scheduled end date, however there are normally significant financial implications to the lessee when doing so. Each leasing company has their own policies, but most will charge some form of early termination penalty. It is not unusual for these charges to be in excess of several thousand dollars. This is a primary example of why AutoLeaseBreakers.com can be such a valuable service.

Read more Is it possible to terminate a lease prior to the full term of the contract?

I’m new to leasing, where can I learn more about leasing in general?

Apr 11
0

We offer general information on auto leasing throughout the website, however we recommend an industry, un-biased consumer-oriented website that covers a wide range of information on auto leasing, and information on how to get out of an auto lease. We recommend CarLeaseAuto.com for any consumer seeking to consider to lease an automobile.

Read more I’m new to leasing, where can I learn more about leasing in general?