Getting a lease assumption can have a number of benefits. In this presentation, we'll cover the advantages of lease assumptions, what to look for in a deal, and how the lease assumption process works.

1. swapalease.com
Advantages of Short-term
Leases

2. Lease Assumption for the Short-term
• A lease assumption allows one person to
takeover a car lease from another person.
• For example, if your neighbor had 18
months left on his car lease, and you
wanted to take over his lease, you could
go through the lease assumption process
to start driving and making payments on
the car for the duration of the lease.

3. Lease Assumption Benefits
Getting a lease assumption can have a number
of benefits.
• You are able to take over an existing lease
with no money down and with a shorter lease
term than you would normally have to take on
if you were to sign a whole new lease.
– In other words, assuming a lease can save you
thousands of dollars and only require a short term
lease agreement.

4. Additional Benefits
• Ability to change vehicles more often
meaning one can better match their short-term
automotive needs .
• Can result in lower maintenance costs, less
financial commitment, and the ability to
remain in a fairly new car.
• Often a good way to “test” the car out before
committing to it long term.

5. What to Look For
When shopping for short-term leases, there are things
you should look for.
• Monthly Payment - How does it compare to a longer
term lease? Remember that you are not required to
put any money down on an assumed lease, and it may
come with a cash incentive or other offers.
• Cash Incentive - Sellers will often provide Buyers with
cash incentives to make their leases more attractive.
Incentives can range from covering a single month’s
payment to thousands of dollars in cash.

6. What to Look For
• Location - Is the vehicle close enough so you
can easily retrieve it? If not a vehicle can
typically be shipped nationwide for between
$500 to $1,000.
• Miles Allowed - If the Seller has more miles
available per month than the average lease,
this lease is worth quite a bit more if you plan
on driving a lot of miles. The more miles, the
better.

7. Lease Assumption Process
Once you and the Seller have come to an agreement
regarding your deal, your next step is to begin the
lease transfer process.
• To start, the lease seller is nearly always the one
that must officially start (request) the transfer
(credit process) with the leasing company. Have
the Seller initiate a transfer request and have a
lease transfer application sent to you.
– Once your application is sent back to the leasing
company, they will check your credit and contact you
regarding your eligibility.

8. Lease Assumption Process
• After you have been approved for a lease transfer,
the leasing company will then send the
appropriate transfer paperwork to the Buyer and
Seller. Afterward, the parties arrange to either
meet or initiate the paperwork signatures through
the mail.
• Once both parties have signed their respective
documents, the Lease Transfer Paperwork is sent
back to the leasing company and you are now the
(lease) owner of your new vehicle!

9. About Swapalease.com
• Swapalease.com is the world’s largest
vehicle lease marketplace.
• Our goal is to match individuals who want
to get out of their lease, with individuals
who are looking for short-term leases with
attractive payments and no money down.

10. Follow Us & Learn More
• Join the conversation on car news and leasing on
the Swapalease.com Facebook page.
• Follow auto and leasing trends at the
Swapalease.com Twitter account.
• Circle Swapalease.com on Google+ for the latest
updates.
• For tips and tutorials on transferring your lease,
check out the Swapalease.com blog.