What is a short term lease?

Short term auto leasing is not a new type of leasing in the marketplace, but it is a type of leasing that is growing in popularity. If you’re considering leasing, and you’re the committment phobia type, and like to put more of your hard earned dollars back into your pocket, then a short term lease may perfect for you.

short term lease is basically any auto lease that has a term less than 24 months. While this is not the definitive definition of a short term lease, it does give you the idea of what this type of lease.

A short term lease can occur when a lessee who is looking to get out of a lease and makes their car available for a lease takeover, transfers the lease to another individual who assumes the lease agreement for the remainder of the lease term. Continue reading “What is a short term lease?” »