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How to Lease a Car from someone else?
Now it is possible to lease a car from someone who already has a car lease for the remaining period of the lease agreement. This type of an agreement is beneficial to both the parties, since it allows the seller to get out of his lease agreement early without having to pay a hefty penalty and it allows the buyer to lease a car for a shorter duration and for a lesser monthly payment. 
The below mentioned steps would help you to understand how to take over lease or lease a car from another individual:
·         The first step to lease a car from another person would be to find an individual who would want to transfer their lease to you. The best way to do this is to get listed with a lease busting company or a lease swapping website. These help in bringing together both the parties.
·         Once you find a seller, you need to check the car and ensure that it is in a good condition. If you are satisfied and want to continue, the seller needs to contact his existing lease company and let them know you are interested to take over lease from the seller. 
·         The next step would be to fill up a credit application for a transfer and submit it to the lease company of the seller.
·         Once the credit application is submitted, the lease a car company will make a new contract and send it across to you. Check all the details in the contract and sign it and send it back to the lease company.
·         The lease company will then inform the seller that the lease has been transferred and you can then get the car from the seller.
·         Once you get the possession of the car you would be responsible to make the agreed monthly payment to the lease a car company. You would also be required to keep the car in a good condition.
·         At the end of the lease period the car has to be returned to the lease company.
 
 

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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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