Lease transfers offer an affordable way to shop for vehicles
Vehicle shopping on a budget can become difficult. Often times, leasing options seem impossible due to high dealer down payments, fees and long-term contracts. However, lease transfer programs can provide drivers with affordable alternatives to traditional vehicle leasing or buying.
Lease transfer programs, unknown to most consumers, make vehicles available for lease transfer when the original lessee needs break their vehicle lease early. According to LeaseTransfer.com — a leading expert in vehicle lease transfers — most lease transfer vehicles have been driven for only 10 to 18 months. During a lease transfer, the vehicles’ down payments and any leftover pre-paid mileage are paid by the original lessee, allowing the transfer lessee to pay less for a newer condition vehicle.
According to LeaseTrader CEO and founder, Sergio Stiberman, consumers break leases for many reasons including income changes or new family situations.
“Either way, there are hundreds of reasons why people get out of their lease early, leaving a great financial situation for whoever takes over the remaining portion of the lease,” Stiberman said.
One LeaseTrader customer took over the remaining six-month lease of a Mercedes CLK for just $600 after a $2,500 mileage rebate. According to the company, the original lessee had pre-paid for mileage that was never used. This means the new lessee received the rebate for the unused milage.
LeaseTrader.com allows consumers to take over leases via their website for free. Once purchases find a vehicle their like, they can pay a $149 transfer fee and $39 registration fee, covering a credit check. The lease transfer process typically takes a few weeks.
To learn more about lease transfer options, visit LeaseTrader.com