Concerns about Lease Liability?

Please be aware some leasing companies will hold the original lessee liable on the lease until the end of the term. Meaning once a buyer is approved to take over the lease the next lessee will be added on to the original contract so the current lessee becomes like a co-signer on the lease.

Due to the leasing companies strict policies when doing a lease transfer it is very unlikely for the next lessee to default on payment. The person will need to have as good or better credit than the next lessee.

Please note that the next lessee will become the primary on the lease and they will not be able to just stop making payments without the leasing company taking proper action.  Furthermore, the leasing company will not approve one to take over a lease that might be a high risk due because the leasing company does not want to have to collect from someone. 

However, we do understand that this is a concern to some people so Swapalease.com does offer other options. First is our “Peace of Mind” program. If you like to find out more about this program please visit: http://www.swapalease.com/leaseDefault/intro.asp.

Alternatively there is our “New Lease” program.

Our "New Lease Program" helps people that own leases with Leasing Company's that do not allow lease transfers (or would not want to remain obligated to a lease once transferred).  Here is how the program works:

1) Swapalease.com will call your leasing company for the dealer payoff

2) Swapalease.com will set up new lease figures (based on payoff)

3) Swapalease.com will list your vehicle until it sells and assist in the final paperwork

All you will have to do is drive your lease as normal, but once the buyer is in the picture we will buy your lease and re-lease it to the new party!