What’s Special About It?
Swapalease is a straightforward platform that makes it easier to list your vehicle.
The process is simple, and the primary criteria are to see if your ongoing lease is eligible for swapping.
All you need to do is provide a few basic details and the system will let you know if you qualify for a relevant offer.
The online platform receives huge monthly traffic, hence it is extremely easy to connect with buyers.
Once a deal is made, the experts from the company will help you complete the transfer process.
The transparency and ease of use are what make this platform a preferred choice for thousands of car owners across the US.
Is It For Me?
Lease swapping on Swapalease is an option that works for both parties.
Users can:
- Get out of the lease with lesser penalties compared to auto dealerships
- Manage the monthly expenses if there is a financial instability
- Upgrade to a newer car model
- Find a hassle-free way of finding an interested party
If you are acquiring a lease, the platform can help you:
- Find vehicles that will cost less than buying a new vehicle
- Get great deals depending on the seller’s needs
- Drive a car with a short-term financial commitment
- Own a car with no down payments
How To Go About It?
Adding your car on Swapalease is pretty straightforward.
If your vehicle is eligible for lease swapping based on the documentation provided, you can list the vehicle on the website in no time.
When an eligible match is found, the company’s experts will help you with the final steps.
Get Your Information Together
The first step is to test your leasing company's transfer criteria via the Transfer Lease section on the website.
Most car leases qualify for a transfer.
Just enter the contact and vehicle details to check your eligibility.
Note that this is a critical phase, and you need to be ready with all relevant documentation, such as:
- The vehicle’s make and model
- The age of your vehicle
- The details of the company who you’re currently leasing from
- Your name, phone number, and email address
Based on this documentation, you will be notified if you are eligible to list your vehicle on the website.
Create a Listing
Once you are approved, you will be able to list your vehicle on the Swapalease platform.
Click on the Sell a Lease option to list your vehicle by providing the following information:
- All necessary features and detailed description of your vehicle
- The duration of your ongoing lease
- The remaining limit on miles
- The lease’s monthly installment
- Photos of the vehicle
You will be asked to pick one of three packages that differ by price at the end of the listing process.
The key difference between the various choices is the exposure you get and the length of your listing on the platform.
Finding A Match
Due to its positioning, the platform receives ample traffic of interested buyers.
When a match is found, the customer service team will help you move on with the lease transfer process.
Interested buyers can contact you via email using the “Ask Seller a Question” feature offered by the platform.
Alternatively, registered buyers can directly contact you by seeking the details you have provided.
Once all of this is done, you just need to fill in the transfer documents provided by your leasing company.
Next, you need to transfer the keys of the vehicle to the buyer and your lease transfer is officially done.
Conclusion
As long as both parties have done their homework, there are not many drawbacks to this lease swapping.
Still, keep in mind that lease swapping is not an option for everyone.
If you think your financial circumstances are unstable, Swapalease might be the right solution.
