Transfer Policies in Leasing Cars
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With gas prices so high, many consumers are wishing they had never leased their big gas guzzling SUV's. But with a signed contract, how can you get out of that lease without walking away from the vehicle and ruining your credit?
You may find someone to take over that lease through services like www.leasetrader.com, www.Swapalease.com or www.takemypayments.com. These sites charge fees from $39.95 to $189.95 to post your listing.
Finding someone is easiest for a lease that has 24 months or less to run.
Car makers are also allowing some lease holders to get out of contracts early if you're willing to buy or lease another vehicle from the.
But before you decide to try one of these strategies, find out if the transfer policy of your leasing company charge a fee and if so, how much.
There's no sense jumping from a frying pay into a fire of new costs.
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