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FAQ's
What is CarLeaseDepot.com?
What services do you offer?
What makes you different than all the other transfer sites?
How does the Car Lease Depot process work?
How long does the lease takeover process take?
Who can use CarLeaseDepot.com to transfer or assume a lease?
Can I be both a "Lease Seller" and a "Lease Buyer" with Car Lease Depot?
How does Car Lease Depot protect my information?
If I post my car lease ad now, how long until it shows up on your website?
Is it possible to terminate a lease prior to the full term of the contract?
How do lease transfers work?
How can I find information on my leasing company?
Are there any additional fees involved in lease transfers?
Are "Buyers" and "Sellers" free to negotiate their own terms?
How is the lease transfer initiated?
When is the lease transfer final?
What happens to the security deposit when a lease is transferred?
Is it possible to transfer a lease to another part of the country?
How are long-distance lease transfers normally excecuted?
How effective is Car Lease Depot and other similar sites?
How do
What are the fees for the "Lease Seller" Members?
What information will I need to list my vehicle with Car Lease Depot?
How do I list my vehicle with Car Lease Depot?
Can I add my own picture to my vehicle listing?
How do I find my listing?
How do I change information on my vehicle listing or account?
Can I offer incentives to make my listing more attractive?
How do I offer an incentive?
How do I renew my vehicle listing?
How do I remove the vehicle listing?
How do I initiate the lease transfer?
Am I still held liable once the lease has been transferred?
How do "Lease Buyers" save money using Car Lease Depot?
How do I search for a vehicle at Car Lease Depot?
What are the fees for Buyers?
Do I have any control over which leasing company is utilized?
Do I need good credit to takeover a lease?
What if I can't find what I'm looking for?
What if I need to contact someone at Car Lease Depot?
What do I do if I forget my "User ID" and/or "Password" information?
 
Question : What is CarLeaseDepot.com?
Answer : CarLeaseDepot.com is the worlds first car lease take over search engine. We consider ourselves "the google" of the car lease exchange marketplace. We offer services uniquely designed from the suggestions of our members.

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Question : What services do you offer?
Answer : We are a full-service online auto lease transfer marketplace of vehicle leases. We take pride in matching members who are stuck in a lease and wish to get out with members who want an amazing short-term lease with low monthly payments, no down payment, and possibly a large cash incentive!

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Question : What makes you different than all the other transfer sites?
Answer : First look at their over crowded sites and you will come running back here. Our members love Car Lease Depot because we offer an array of unique features at half the price of competition. For example try to find a car lease website that offers members the ability to chat, compare cars, save cars, save searches, add many more pictures of your car and display with a slide show...do I need to continue? Ok a little more. We offer searching by map so when you post an ad your car gets it's own car push pin on a map! Buyer Members search through our maps and can find your car with a click!

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Question : How does the Car Lease Depot process work?
Answer : We make things simple. If you are a Lease Seller or Buyer it is the same to sign up. We know that some competitors have two separate sign ups, not us. Once a Lease Seller is registered he or she will immediately be able to post their ad then choose one of our competitively priced exposure packages. We also have a free trial for your convenience because we know you deserve at least that. If you are a Lease Buyer, sign up and use all of the amazing features to search, find, and takeover the car lease of your dreams.

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Question : How long does the lease takeover process take?
Answer : It depends on the leasing company that you are dealing with for the car lease transfer. Some complete the paperwork in one day and others take several business days. Let us break it down in a few steps. Step#1 Credit Application Approval Process = 24-73 hrs Step#2 Create & Process paperwork = 3-6 business days Step#3 Paperwork Turnaround Time = 7-14 business days Either way, the benefits for both parties involved in the lease transfer will significantly outweigh the waiting time.

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Question : Who can use CarLeaseDepot.com to transfer or assume a lease?
Answer : Lease Sellers:If you have any vehicle(car, truck, van, SUV) and you know that your leasing company allows car lease transfers(most do) then you have the green light. Lease Buyers:If you are looking for a great short-term car lease with possible cash incentives then you are in the right place. Sign up so you can take advantage of all of our unique features.

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Question : Can I be both a "Lease Seller" and a "Lease Buyer" with Car Lease Depot?
Answer : Absolutely! We encourage you to be both a Seller and a Buyer with Car Lease Depot, so you can take full advantage of what we have to offer. With our site it can all be managed under a single account so no need to register twice like our competitors. We have designed Car Lease Depot to make it possible for you to use a single account for all of your lease transfer needs. You can monitor all of your account activity in one place, using a single username and password.

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Question : How does Car Lease Depot protect my information?
Answer : Car Lease Depot has taken all precautions to protect your credit card information both during and after financial transactions. 128-bit SSL encryption protects the information during processing, and a state-of-the-art firewall protects information on our server. For credit card processing, Car Lease Depot utilizes the services of PayPal the industry standard widely recognized for providing solutions for secure online payment processing with various web clients.

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Question : If I post my car lease ad now, how long until it shows up on your website?
Answer : The Car Lease Depot listings are updated in real time. When Sellers list their vehicles, they appear immediately on the website. Buyers can view the latest listings by clicking on 'Find a Lease' in the top menu bar.

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Question : Is it possible to terminate a lease prior to the full term of the contract?
Answer : Each leasing company has their own policies, but most will charge some form of early termination penalty. It is not unusual for these charges to be in excess of several thousand dollars. This is a primary example of why Car Lease Depot can be such a valuable service. Sign up here

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Question : How do lease transfers work?
Answer : The basic lease transfer process is the same for all leasing companies. The individual wishing to assume the lease submits a credit application to the leasing company. The leasing company will make a decision on the credit worthiness of the applicant. If approved, lease transfer documents are prepared and signed by the original and assuming lessees. The transfer is complete when the signed documents are returned to the leasing company and processed. There are variations in the fees and details for each leasing company. The Car Lease Depot service is on board to assist with these variations and details as you navigate through the transfer process.

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Question : How can I find information on my leasing company?
Answer : Call your leasing company and ask them to email or fax you the conditions of your lease contract. The other option is to check your contract since all the information should be on the original Lease Agreement.

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Question : Are there any additional fees involved in lease transfers?
Answer : There are two kinds fees involved in transferring a lease with the aid of Car Lease Depot. These include the nominal fees charged by Car Lease Depot to list vehicles and facilitate the lease transfer process, and those fees required by the leasing company who hold the vehicle lease. Leasing company fees can include both credit application and lease transfer fees. Each leasing company has their own fee structure, and they vary broadly from one company to the next. Register to find out more about your specific leasing company or see our very competitive packages.

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Question : Are "Buyers" and "Sellers" free to negotiate their own terms?
Answer : The Buyer and Seller of a lease are free to negotiate many details of the lease transfer, as long as they do not interfere with the rules set forth by the specific leasing company or are in violation of any laws. A common example of a negotiable detail surrounds who will pay the leasing company's transfer fees. Sellers are also free to offer or require cash upfront as a part of the lease transfer deal. Remember, normally the terms of the lease, including monthly payment, mileage allowed and lease-end date remain fixed and are controlled by the leasing company.

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Question : How is the lease transfer initiated?
Answer : The Lease Seller starts the lease transfer process by accepting an offer from a Car Lease Depot Buyer member. Once a Buyer has agreed to take over the lease and completed a credit check with the appropriate leasing company, the Seller is then notified and the process begins with 'letters of intention'. The seller confirms they wish to transfer to the buyer and the buyer confirms they wish to accept the lease transfer. That’s it!

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Question : When is the lease transfer final?
Answer : The lease transfer process is final when the leasing company receives all required lease transfer documents and fees for the transaction.

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Question : What happens to the security deposit when a lease is transferred?
Answer : The deposit is assumed to have been paid by the Seller. However in order to make a transfer more attractive to a Buyer the Seller may offer an incentive which is very common.

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Question : Is it possible to transfer a lease to another part of the country?
Answer : Yes but again you should always ask your Leasing Company. There may be a few that do not permit. Simply call your leasing company to be 100% certain.

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Question : How are long-distance lease transfers normally excecuted?
Answer : When distance separates the Buyer and Seller, normally arrangements to inspect the vehicle and get it to the Buyer are agreed between the parties involved. We have seen many different arrangements work, ranging from the Buyer or Seller driving to meet each other, having the vehicle inspected by independent inspectors. The vehicle may be transported or driven and the appropriate charges will apply. If you are interested in getting your vehicle inspected or having it transported please contact us via phone or email and we will set you up with the service.

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Question : How effective is Car Lease Depot and other similar sites?
Answer : Of course the more exposure you have for your car lease ad the better the chances of getting out of your lease. With gas prices so high many people are looking to cut costs so our service is a great resource. We offer tons of exposure and stand by our brand being the only car lease marketplace "Search Engine". Remember it is ultimately up to you to make your lease enticing to lease buyers. We have found that leases with incentives transfer faster than leases without incentives. Even offering $250 to assume your lease could make a huge difference!

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Question : How do
Answer : Lease Sellers can save money by finding someone to complete their lease, instead of the more costly alternatives involved in early lease termination. If a lessee wants to pay off the remainder of their lease, there are normally early termination penalties assessed by the leasing company in addition to the remaining monthly payments owed. These costs can result in early termination costs running into thousands of bucks. Policies vary by leasing company, so to be certain of the terms of your individual lease you should consult your lease documents or register with us and we will find out on your behalf.

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Question : What are the fees for the "Lease Seller" Members?
Answer : Car Lease Depot has 3 levels of membership for Sellers (click to see packages). For our Silver Membership, a $29.99 listing fee is collected when a vehicle is posted to the site. The listing is good for 6 months. Our Gold Membership is $49.99 and the ad is valid for 48 Months and you can post up to 10 pictures. Our Diamond Membership is our maximum exposure package. It is currently on special for only $99.00(competitors charge up to $300 + transfer fees) and is good until the vehicle is sold and you can add as many photos as you wish! Click here to see all packages and promotions. If you have any doubts or concerns we also offer a free trial but it doesn't allow more than 1 picture and you don't have access to your message inbox on our site so you have to post your contact details directly on the advertisement. The listing represents a great value when compared to competitors and with the early termination costs avoided by finding a Buyer to take over a lease and the ability to move from Lease to Lease as required. Special Reseller Offer: Become a Car Lease Depot reseller and receive an enhanced level of benefits at a significantly lower cost. Membership is only $399.00, and includes up to 25 listings per year. For full details of the reseller service email us reseller@carleasedepot.com

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Question : What information will I need to list my vehicle with Car Lease Depot?
Answer : Before listing, you will want to have or know the following: 1. Contact information we will use for communicating with you- Including name, address, phone numbers, email. 2. Information about the vehicle - Including year, make, model, style, features, current mileage, condition. - Click here to see the 'Advertise my Lease' form. 3. Details of the lease - Including leasing company, monthly payment, lease end date (your lease contract is a good source for these details).

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Question : How do I list my vehicle with Car Lease Depot?
Answer : To list your vehicle, simply click on Sell a Lease from any page on the site. >From there you will be led through a simple listing process where we will collect contact information, vehicle information and details on your lease. At the end of the listing process, you will be prompted to choose a Membership package. If you have any questions or difficulties during the listing process, please Contact Us for assistance.

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Question : Can I add my own picture to my vehicle listing?
Answer : Yes. You will be able to add as many pictures as your Membership allows using a simple browse button. Make sure the pictures are stored on your computer, click the browse button, click the image file and you are done! It is real simple and user friendly.

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Question : How do I find my listing?
Answer : Once you have posted your ad and selected a Membership Package you will be able to click View Listing anytime. Here you can edit your car lease, edit your pictures, upgrade your package and even remove your listing. Also you will have a unique ID number which is referred to as your CLD#. On any page you can enter it in the Search by CLD# to quickly see your car lease listing or you can provide this number to other people so they can quickly find your car on CarLeaseDepot.com for advertising purposes.

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Question : How do I change information on my vehicle listing or account?
Answer : You can edit your listing or update your contact information when you Sign-in to your CarLeaseDepot.com account. To edit the listing, first click on “View Lease Listing” then click “Edit Details” or “Edit Photos”. Simply change any details required and submit the form. The process follows the same steps, which you followed when you originally input your information. To update contact information, click on “Edit Profile” in the Members Area then make any changes required and submit.

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Question : Can I offer incentives to make my listing more attractive?
Answer : Yes! In many cases it may make sense for a Seller to sweeten their deal by offering an incentive. Typical incentives include offering to pay transfer fees, make payments for the Buyer or even offer cash for taking over the lease. If your payment is not competitive, or you have used more miles than appropriate, offering an incentive is a good way to offset these negatives and improve your odds for success. Listings with incentives usually transfer quicker than those without so we highly recommend it!

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Question : How do I offer an incentive?
Answer : When you are filling in all the details of your car lease you will see an area to add a cash incentive. You also are provided with comment boxes to add any additional info.

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Question : How do I renew my vehicle listing?
Answer : You will be notified 3 days before your ad expires via email to upgrade or renew your membership. Also you can simply go to your car listing and upgrade or email us at support@carleasedepot.com and we will be more than happy to assist you.

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Question : How do I remove the vehicle listing?
Answer : You can simply login and click on your listing and there will be an option to "remove listing" or "transfer lease" and it will immediately be removed. You can always email us and we can remove it for you if need be.

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Question : How do I initiate the lease transfer?
Answer : Since we don't charge a transfer success fee as our competitors normally do, once you have found an eligible match you will simply contact your car leasing company to complete. They have all credit applications and lease transfer documents however we proved several on our site for your convenience with free downloads.

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Question : Am I still held liable once the lease has been transferred?
Answer : Make sure with your lease company that all legal and financial responsibility for Lease Sellers are absolved once the transfer is finalized. This is normally the case.

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Question : How do "Lease Buyers" save money using Car Lease Depot?
Answer : On top of the possible cash incentive, if you assume the remainder of an active lease, you get the benefits of a late model, low mileage vehicle with no down payment, payments which may have been subsidized by the original lessee with a cash down payment and a short-term lease with a lower payment which originally reflected a longer term lease.

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Question : How do I search for a vehicle at Car Lease Depot?
Answer : Since we consider ourselves the first search engine for car lease takeovers, we make it real easy to search. Put in a province or state into our search box and click search. Or check off your country, choose any other desired search criteria then click search. Easy as 1-2-3!

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Question : What are the fees for Buyers?
Answer : CarLeaseDepot.com currently does not charge Lease Buyers any fees however depending on the arrangement made with the respective Lease Seller, he or she may have to pay a credit application fee or a lease transfer fee. Again, this is all part of the negotiation process.

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Question : Do I have any control over which leasing company is utilized?
Answer : All vehicles in the Depot are currently under lease by a specific leasing company. Since the Lease Buyer would be taking over the lease they cannot change leasing companies who issued that lease agreement.

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Question : Do I need good credit to takeover a lease?
Answer : . All leasing companies have their own standards for decision making on credit approvals, and for this reason it is difficult to say what type of credit history is required in order to gain approval on a lease transfer. Generally you would need to have a similar credit rating as the Lease Seller to assume his or her lease.

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Question : What if I can't find what I'm looking for?
Answer : We allow you to Save Your Car Lease Search so that when someone else posts a "matching" car lease ad, you will be notified. When you do a search for a lease, click the "save search" button and it's saved! Also be sure to set your email preferences to "Receive Emails" in your Edit Profile account area.

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Question : What if I need to contact someone at Car Lease Depot?
Answer : Customer service is the first priority at Car Lease Depot. You can contact us by phone or email with questions, concerns and feedback. Please see the Customer Care page for a complete listing of phone numbers and email addresses.

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Question : What do I do if I forget my "User ID" and/or "Password" information?
Answer : From the Sign-In area you can click on Forgot Password? to request your username and password. Just enter the email address you have included in your Car Lease Depot account, and the username and password will be emailed to you. If you have any difficulty obtaining the username and/or password, please Contact Us.

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What is Car Lease Depot?

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.

Can I really end my car lease early?

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!

What does it cost me to assume a car lease?

Car Lease Depot is totally free of charge.  Buyers and sellers can post their car ad for a free trial period or take one of our higher exposure ad packages so your ad is seen more frequently. To start simply register for free and see all of the extra features we offer you. You can even receive money as an incentive to takeover a car lease.

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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