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Old 08-20-2011, 02:45 PM   #1
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lease companies simply don't allow transfers, which removes this as an option. Second,Cheap Belstaff jacket, of those companies who do allow transfers, a large number of them insist on keeping the original lessee responsible for the lease if the new lessee defaults. This is not ideal and presents a risk that many people find objectionable.
Of course, even if the lease company allows transfers and releases the original lessee from future responsibility, there's the problem of finding someone who is interested in taking over the lease.
There are two ways in which this can be done.
First, you can do it yourself. Find family,cheap ugg boots, friends, or advertise in your local newspaper. When an interested party is found, you'll contact your lease company for further instructions. Find out first if your lease company allows transfers.
Second, you can use the services of one of the relatively new online lease "swap" or "trade" companies who,Canada Goose Women's Parka, for a fee, list your vehicle and help you find "buyers." They also handle most of the paperwork with the lease company when a transfer is done. Additional discussion of this topic can be found at LeaseGuide.com.
If a lease transfer doesn't work out in a specific situation, other, more costly options will have to be considered. Unless an early termination is absolutely necessary, the least costly solution may be to simply continue the lease until its normal end.
Al Hearn is owner and operator of LeaseGuide.com, a popular web site for automotive consumers interested in leasing. The site has served thousands of visitors since 1995.
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