Lease Trader Com

2008-03-14 12:20:52

( Computers )



Growing Popularity of Vehicle Leasing

In leasing, you are paying only for the use of the vehicle which is based on the depreciable value of the vehicle. Leasing involves a much longer period of time than a car rental. When you lease, you have to pay for insurance and maintenance expenses during the period. At the end of the lease, you can return the vehicle to the leasing company, or have the option to buy it for a negotiated amount. You are also expected to pay for any damage on the vehicle above its normal wear and tear.

Leasing has become more and more popular compared to purchasing a vehicle, because it is more economical for motorists. It is also less risky to lease a vehicle rather than buy it, especially if you realize that you didn't really want the vehicle after all.

Lease Trading - Another Advantage

You may have discovered the advantages of leasing, but what if you end up with a vehicle that you don't like? One way is to terminate the lease, but you will have to pay some penalties.

Many people who have leased cars are not aware that there is actually another option for this case - lease trading or swapping. When you swap a lease, you have a win-win situation because you do so in order to get a vehicle that you like, and so does the other party. You assume each other's lease payments, thus the leasing companies do not lose out either. You may have to pay some charges for the lease transfer, but this is still minimal compared to terminating your lease altogether.

Lease Trader Com Helps You Find Your Match

Lease Trader com is an online site where you can locate lease traders. The site details out the vehicles that are available for lease trading, and provides details of each vehicle such as its model and make, monthly lease amount, and remaining lease period.

Lease Trader com helps people to get out of their existing leases by matching them to other individuals who wish to assume their leases. You post your vehicle on the website, and interested parties may either contact you directly or through Lease Trader com. The other party contacts you and negotiates the transfer terms, especially the costs. Your request for lease swap or trade is then forwarded to the leasing companies for approval.

You and the other party need to prove your credit worthiness, and your lease swap is subject to approval by both leasing companies. Once approved, you and the other person will sign the transfer documents. The whole transfer process can take as little as a few business days to about two weeks, depending on the completeness of the documentary requirements.


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