How To Get Out Of A Lease Or Get Into A Lease For Less!
For some people, buying a car is a more logical way to pick up a new ride, and for some it’s better to lease. However, one of the major drawbacks to leasing is getting “stuck” in an agreement and realizing later that you either don’t like the car, can’t afford it, or you can’t stay within the mileage constraints. Whatever the reason, many who sign up for a lease find themselves needing out, and that’s been a giant headache, until now.
Thanks to Rob at Superspeeders, we learned about a site called Swap A Lease that is exactly what it sounds like, a place for those stuck in bad leases to “swap” them to other interested lessees who are better fits for the terms, or the car itself. It’s also a place for those looking to get into a lease without dropping a huge down payment. In most cases, the transaction would be mutually beneficial to both parties, allowing one to get out of a lease that’s no longer ideal for them while allowing the new lessee to jump into a lease without dropping a chunk up front.
Of course, the lending institution will still have to run your credit, and I have to assume the monthly payment will be adjusted based on your credit score, but even so, a small tweak on the monthly payment is still better than scraping up the money for a down payment. There are obviously going to be other factors, but this is something to consider if you’re looking to get out of, or into, a lease.
While this video feels a bit like a commercial, the information is certainly useful and Rob claims he uses the service himself, and we have to assume he’s being on the up and up because if it came out that he wasn’t, it would have a huge negative impact on his following. So for those of you out there who feel like you’re stuck in a bad lease until the end of the agreement, and for those of you who want to get into a lease without dropping a big down payment, there may be hope for you both! If anybody has experience with these types of services, please let us know, good or bad, how it went for you.