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Q. Are there any penalties for transferring a car lease to a different state?

We're moving to Florida and our car lease is up prior to our move. Can we lease a car in NY and transfer the lease to Florida?

A. Included in the terms and conditions of the lease agreement will have a clause indicating your ability to transfer the lease to a different state. All leases are different.


Q. Can I put down a 12 month car lease cost as expenses for my business?

I sold my car a couple of weeks ago as I was getting 20 to the gallon and the emissions would mean I would probably end up paying around £500 in tax a year when the new system comes into place.

I've been looking into car leasing for a 12 month period, and with that my question is...

If I was to lease a car for 12 months, can I put down the full costings as a business expense, being self employed?

Thanks

A. I'm speaking from USA tax law point of view. If the car is used for business then you can deduct the whole cost of car, insurance, gas, maintenance, etc. If the car is only used 50% of the time, then it can only be deducted for about 50% of the cost.That was the primary reason for business lease.


Q. What does it take to get approved for a car lease?

I have this huge fear of rejection, so I'm trying to figure out if I can get approved before I walk into a dealership. I'm wanting to lease a car that is about $22,000. My credit score is about 615. I have $1000 down, but I owe about $6000 on my trade in, and will probably only get about $3000 for it. Does this look like something that would get approved? Are credit bureau guidelines more strict for a lease or a purchase?

A. Compare costs and think about your needs and choices before you lease. Be sure to ask about what fees you'll pay at the beginning, during, and at the end of the lease. Check for kilometre limits, and the surcharges for exceeding them. Make sure you consider the same factors when you are comparing leasing with buying.

Your lease agreement outlines the terms and conditions of the agreement and your rights and responsibilities. Take the time to read the entire contract before signing. If you don't understand something, ask for an explanation. If the dealer promises you something, get it in writing. If you are considering leasing a used vehicle, have it checked by a mechanic before leasing it.

Leases are contracts in which you make a fixed number of payments during the specified term of the lease and you return the vehicle to the company when the lease is over. There are two kinds of leases: closed-end and open-end. In both open- and closed-end leases the projected depreciation of the vehicle is estimated and calculated into your monthly payment.

When leasing, you are responsible for maintaining the vehicle according to the owner’s manual specifications, unless you have a full-maintenance lease. You are responsible for repairing the vehicle. If you fail to follow through on these responsibilities, you may be charged for excess wear and tear at the end of the lease term. You are also responsible for paying the registration and insurance. Find out how much coverage the lessor requires.



Q. How can I get out of my Car Lease?

Its is a 4 year lease through GMAC and ive had the car for a little over a year. I have had some finacial things come up so the payments are hurting me. Is there anyway out?

A. You can try a car lease swapping service like http://www.carleasedepot.com otherwise nope..and even if you give it back at this point you will still owe...i finished my lease with them in full and i knew i was over in milage..i am still paying off 1800 bucks in "damage" they found..they charged me 400 bucks for a small cig burn on the back seat......go back to dealership and see if they can maybe trade you for a cheaper car..




Q.Can I be approved for a car lease with fair credit?

I want to lease a regular Japanese vehicle, maybe a Honda Accord, or a camry, and was wondering if I'll get approved. I have limited credit history, but I always pay my bills on time, and I have a reasonably good income to afford to pay a car or lease note.

A. If you have good credit as you say and income your should have no problems.



Q. Does a cosigner need to be present signing a car lease?

Does a cosigner need to be there when signing a lease for a car?

A.  Yes they do otherwise how would you get them to sign it but sometimes you can get a dealer to wrk with you and you can have the co signer come in at a later time or at a earlier time and sign everything they have to sign and then they can leave and you can take care of the rest.


 
 

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CarLeaseDepot.com is the first Lease Take Over Search Engine & Marketplace specializing in car lease transfer, lease assumption, and car lease takeover. Drivers can end a car lease early or take over great leases and even receive cash incentives.  We offer the most advanced search features for our lease takeover members and tons of amazing features for members trying to terminate a car lease early.

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Early lease termination is now permitted by most leasing companies. Lessees simply have to find another driver with a similarly high credit rating to transfer the car lease. This lease takeover provides lessees thousands of dollars in savings compared to paying the balance of the lease (months remaining x monthly payment). Post your ad today!

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What is the process to get in or out of a car lease?

Assume a car lease, Assume car lease,Break a car lease, Lease assumption

 

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