Disadvantages of leasing a car

The biggest disadvantage of auto leasing is that you are committed to a lease contract for 24 to 48 months. Being locked into a set term can create risks for the consumer, primarily if the individual needs to get out of the lease before the lease term expires.

There are now options available that circumvent this core risk with leasing, by allowing people to actually transfer the remainder of their lease to someone else. These is known as a lease transfer or swap a lease or lease assumption, and is growing in popularity as not many individuals are aware of this option available.

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