How To Get Out Of Your Car Lease
OK, so you have a car lease or loan that is not working anymore, for whatever the reason. So you ask the obvious question, what to do now. You actually have a few options when you wish to get out of your car lease. You can look for a buyer to take over your payments by having them qualify with your particular lender or leasing company. To see if your lender would approve such a transaction please click here. If that does not work we have the option of selling the car outright, please click here to view the Car Lease Advisors Car Sellers Concierge Service where we offer to provide a guaranteed sales program. If all else fails and you need to exit your lease immediately you may wish to have a buyer take over payments through the Car Lease Advisors Matching Program. Whatever your choice Car Lease Advisors helps clients throughout the United States.
Sell The Car
There is nothing like stating the obvious. This works if the car is not upside down or you are willing to make up the difference between what’s owed and the current market value of the car. Whether you have a car lease or a car loan, it the same basic principle. There is an outstanding balance which needs to be satisfied to get out of the lease or have the loan released from your name. There is a good chance if this was a viable option you would not have found yourself reading this web page. I would recommend calling your leasing or finance company and ask what your payoff is at this moment. Then check the current market value and see what your financial exposure may be. You can always call a Car Lease Advisors consultant at 888-608-5192 and we will be happy to assist.
Have Someone Take Over The Payments
This assumes that the car is not upside down and you can find a buyer who will be approved by the finance or leasing company. But be careful, there are a number of leasing companies that will force you to stay on title and remain obligated for any balances that become due. If your leasing company is willing to remove you from the lease the next step is finding just the right person to qualify to take over your lease payments. Most leasing companies will charge a transfer fee of $600 and require the buyer to complete an application and most likely require the buyer to have a minimum credit score of 700. A simple call to the leasing company or Car Lease Advisors and you will know what their process is.
I hate to mention this one. I would highly recommend you do whatever is needed to avoid having the leasing company repossess your car. The damage this will do to your credit is unbelievable, not to mention you chances of qualifying for a new lease or auto loan will be impaired for years to come. Please also remember you will have an outstanding debt that will need to be satisfied and the lease or finance company may sue you for the outstanding balance. Learn more about car repossessions here.
Take Over A Lease
As a seller you have the option of locating a buyer to take over the lease (payments) for the duration remaining on the contract.Car Lease Advisors has a unique program which allows buyers to take over a lease without the hassle of conventional financing. Unlike traditional finance companies we take a different approach when qualifying the buyer. The most important elements of what we look for is; proof of residency, proof of income (employment), and a clean criminal background. If you have a DUI within the last ten years you will not qualify to take over a lease. To learn more click here.
Car Lease Advisors
Car Lease Advisors does simply that, we match buyers and sellers Nationwide with no fee ever to the seller for our Car Matching program if your car qualifies.
Car Lease Advisors has devised a system to allow for an individual to get out from a monthly lease payment which the seller may no longer be able to afford or does not desire. In most cases the seller remains upside down, meaning they owe more on the automobile than its actual value. Many times the seller is left with very few options, some of which may lead to a auto repossession or a bankruptcy to get out from under the obligation.
Car Lease Advisors provides a service in which we match buyers and sellers that have a like desire to do a transaction. Car Lease Advisors has a waiting list of buyers that have a desire to take over your car payments, at no charge to the seller. Before you make any decisions please contact Car Lease Advisors to better understand what options you may have. If your car qualifiers for our program you will be happy you made the call.
Please Contact A Car Lease Advisor with any questions
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