Transferring Your Car Lease | Swap a Lease
As you know, leasing a car in New York City can be a great option — cheaper than buying and yet you still get the late-model car you want. Getting out of a lease can be a challenge, though. When you try to terminate the lease before it’s run its course, you often have to pay penalties such as:
- The termination or kill fee
- Costs associated with putting the vehicle up for sale
- Storage and transportation costs
- Any outstanding taxes from your lease
- The difference between the lease amount and the value of the vehicle
- In some cases, the remaining lease payments
Instead, consider a lease transfer. This process doesn’t break your existing lease; it transfers the vehicle — along with the lease payments and responsibilities — to another person who’s willing to accept the car and your lease terms. You may think the difficult part is finding someone interested in taking over your lease, but that’s where eAutoLease.com comes in.
Car Lease Transfer
This is a process where you transfer the remainder of the lease to another party, who will then take over the payments and responsibility for the lease. There is typically a fee from the original leasing company, but it is quite small compared to how much you can save by getting out of the lease early or getting into a lease that has already begun.
Transferring Your Car Lease
Sometimes you just have to break up. If it’s time to dump your current car lease so you can upgrade or downsize, check with eAutoLease.com first about a lease transfer. When someone else takes over your lease, you’re free of the responsibility with no penalties. You pay a fee for this service, but it’s small compared to your savings.
If you’re not happy with your lease or with the vehicle you’ve leased, you don’t have to continue with it. Current lease holders in New York, New Jersey, Pennsylvania or Connecticut can use a lease transfer for a vehicle breakup. A vehicle lease transfer gives you several options:
Start a new lease with a different car that meets your current needs
Trade your current lease for another existing lease
Purchase the car you’ve been leasing
Mon - Thu: 9:00am – 9:00pm
Fri: 9:00 am – 7:00 pm
Sat: 9:00am – 9:00pm
Sun: 10:00am – 7:00pm
Payment: cash, check, credit cards