The biggest cost savings for a Lease Seller is to find someone to take over their lease asap. The longer a Lease Seller waits to transfer a lease, or to find a Lease Seller, the more money will be spent on ongoing monthly lease payments. This is why many Lease Sellers list their lease with a targeted lease swap marketplace as AutoLeaseBreakers.com, where thousands of active Lease Buyers browse seeking to take over a lease. It’s a great option to get your lease in front of people actively seeking to take over a lease today.
In addition, Lease Sellers offering a cash incentive to attract Lease Buyers can be a good investment by the Lease Seller, as it may take a bit of money to save alot of future costs and payments. The Lease Buyer will view a cash incentive to take over a lease as an added-value to further reduce the monthly lease payments.
Lease Sellers can also save money by considering a lease transfer or lease swap versus more costly alternatives involved in early lease termination. If a lessee simply wants to pay off the remainder of their lease, there are normally early termination fees assessed by the leasing company in addition to the remaining monthly payments owed. These costs can result in financial “penalties” climbing into thousands of dollars. Policies vary by leasing company, so to be certain of the terms of your individual lease you should consult your lease documents or lessor’s customer service group