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Pros & Cons of Lease Transfers

Is a Lease Transfer Right for You?

• A short-term lease via a lease transfer can be a great deal for the prospective buyer, but it’s not without potential disadvantages.

• The following slides will go over some of the pros and cons of the lease transfer process. – Then you can decide if a lease transfer is right

for you.

Pro: Better Quality Used Vehicles

• Car buyers typically keep their vehicles for upwards of three years.

• Generally, the vehicle remains under factory warranty (sometimes even a maintenance plan too).

• The majority of vehicles available through a lease transfer are much younger and better maintained than what’s available on a traditional used car lot.

Pro: Short Term

• Afraid of commitment? Leases obtained through a transfer last for only about 18 months on average. – A short term lease allows you to move onto a

newer vehicle sooner, or take a in-depth “test drive” before committing to a purchase or longer term lease.

Pro: Buyer Incentives

• Sometimes, lease sellers will offer incentives to make their lease listings more attractive.

• Incentives usually include seller-paid: – transfer fee costs – excessive mileage costs – monthly lease payments

• About 43% of the lease offers on SwapaLease.com offer a cash incentive.

Con: Limited Mileage

• Cars under lease are limited to a certain mileage before incurring a cost penalty. If you take over the lease, you’ll be responsible for that charge. – Since someone else has already been driving the car,

you may be at a disadvantage in terms of mileage.– However if they have driven a lot less than the allowable

mileage, it also could be an advantage.

• If the car has already exceeded its allotted mileage, you may be able to negotiate a cash incentive with the lease seller.

Con: Wear and Tear

• Dealing with wear and tear is an uncommon problem with lease transfers, but it is possible. – Wear and tear deemed beyond “reasonable” by

the leasing company could incur a charge.

• If you cannot view the car personally before the transaction, make sure that the car has gone through an inspection before continuing with the lease transfer.

Pros and Cons of Lease Transfers

• As you can see, it’s relatively easy to avoid the potential downsides associated with a lease transfer.

• A lease transfer can provide a great deal of benefit and financial incentive when done properly.

About Swapalease.com

• Swapalease.com is the world’s largest vehicle lease marketplace.

• Our goal is to match individuals who want to get out of their lease, with individuals who are looking for short-term leases with attractive payments and no money down.

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• For tips and tutorials on transferring your lease, check out the Swapalease.com blog.