Swapalease.com is the first and only full-service online marketplace of in-process vehicle leases. Thier concept is simple, if you can't afford your lease anymore and don't want to face an early termination penalty from your leasor, Swapalease.com allows you to sell your lease to another individual. You set the price and state the remaining months and miles that are left, the buyer signs the forms and you benefit from being released from liability.
This service is also a win win for buyers as they given the opportunity to get into a lease with no money down and shorter month requirements versus the standard 36 or 48 month time peroids.
Trymydeals has researched the concept and the site has recieved rave reviews from Time, Consumer reports and others. Overall, it's a great way to save some money and get out that luxury car lease that is really hampering your finances.
Comments
this gets my vote! the concept is actually pretty cool. some of the leases I checked out was under $200 / month for an almost brand new decent model car! Best part is no money down. The car depreciates faster than that so technically you are making some dough compared to normal lease or buy option.
Not only that.. after a couple years BAAMM! swap for another lease of a newer car!