Lease transfers in Hempstead
One of the greatest benefits of auto leasing is the process of lease transferring. A lease transfer is a transaction like any other but it is one of the few transactions that benefits all three parties involved immensely. Lease transfers are an arrangement that is put in place with the inclusion of a lease seller or the current lessee, the lease buyer or the individual looking to assume the lease of a lessee and the auto leasing company. Lease transfers are generally done when a lessee wants to get out of a lease contract before the termination period of a lease. Lease transfers are beneficial for a number of reasons.
For a lessee, it’s simple; the individual can get out of a lease with a small or little charge after having made a commitment to the car leasing agency to stick through the full period. The assuming lessee perhaps get the best benefit; they get to drive a car in great condition (due diligence needs to be performed) for a short period of time without having to pay a down payment. The auto leasing company reaps the profit of the entire lease contract even though the original lessee backs out; they also potentially gain a new customer.
As you can see, a lease transfer is a very beneficial process which is why we at Hempstead Car Leasing are so fond of it.
Lease transfer assistance
As aforementioned, we are strong advocates of lease transfers and would be happy to assist you with the process if you are looking to get out of a lease. In most cases, you will be left to fend for yourself and find a suitable third party to assume your lease. This can be time consuming and sometimes rather difficult because of a lack of access to the people you need to get the job done. At Hempstead Car Leasing, our auto leasing team would be happy to take over the responsibility and find you a suitable lease buyer in a relatively short period of time. Give us a quick phone call and we will arrange for a lease transfer in no time.
While the process can be very quick for popular car options with great resale value; for more expensive, exclusive car brands, it may take a little longer. Nevertheless, based on past experience, we usually complete the process within a few weeks even if it’s a car with very poor resale value.
Another benefit of working with Hempstead Car Leasing for your lease transfer is that we won’t hold you responsible as a secondary contact in the unlikely scenario that we encounter any trouble with the new lessee.
Get in touch with us
If you are looking to transfer your lease to another party, we would be happy to roll up our sleeves and get to work. Even if you have leased your car with another auto leasing agency, we will be more than happy to assist you with securing a lessee to buy the remainder of your lease. Give us a call on 516-543-3131 for more information.