NFT: Experience exiting a Car Lease Early??

But was recently told about swapalease.com and similar websites where people are looking to take over leases. Maybe you can try posting your car there?

Hope you feel better soon!

I'm sorry to hear about your medical issues buddy -- I hope and pray that you can overcome this.

Anyone want a 2014 Toyota Rav4?

In comment 12293272 knicks3031 said:

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But was recently told about swapalease.com and similar websites where people are looking to take over leases. Maybe you can try posting your car there? Hope you feel better soon!

I'vwe read nmixed things about those sites. Some claim they do little to nothing outside of giving you a place to post your lease.

your car has low mileage for the lease consider buying it ans then selling it. Call the loan holder ans see if they will help you. third party services like you mentioned
will take a pretty good cut.

I've thought about that, but probably can't swing buying it outright. It has VERY low mileage. We've had it since August and it has less than 4K miles. That is great. But, it also could be a hindrance to having someone take over the lease because we only have a 10K/year lease, knowing we wouldn't put a ton on.

...medical considerations? It isn't like anyone can foresee health issues over time.

In comment 12294544 BMac said:

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...medical considerations? It isn't like anyone can foresee health issues over time.

Does your credit card company let you stop paying when you're sick? Your mortgage company? Your student loan company?

There are lots of unforeseen things that can occur during a lease. You could lose your job. You could get transferred overseas. You could get a job that required you to drive many miles over your lease allowance. It's part of the risk of leasing.

You can buy disability insurance that would cover a lease.

But, it can't hurt to ask. If I can find someone who wants to take over my lease, I should have a relatively painless time transferring it. If not, I think I'm on the hook.

In comment 12294623 Jim in Fairfax said:

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In comment 12294544 BMac said: Quote: ...medical considerations? It isn't like anyone can foresee health issues over time. Does your credit card company let you stop paying when you're sick? Your mortgage company? Your student loan company? There are lots of unforeseen things that can occur during a lease. You could lose your job. You could get transferred overseas. You could get a job that required you to drive many miles over your lease allowance. It's part of the risk of leasing. You can buy disability insurance that would cover a lease.

Interestingly enough, our mortgage has a provision for dealing with unforeseen medical issues. It isn't forgiveness, but it acknowledges that should something major happen, it figures into the payment schedule without penalty.

So there!

In comment 12294542 Matt M. said:

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I've thought about that, but probably can't swing buying it outright. It has VERY low mileage. We've had it since August and it has less than 4K miles. That is great. But, it also could be a hindrance to having someone take over the lease because we only have a 10K/year lease, knowing we wouldn't put a ton on.

sounds like with the gap you have created they can put on 12k a year and not go over the limit

car. Its no different than trading in a car you bought before all the payments have been made. They look at the condition, mileage, year, and calculate a book value. If the book value is more than you owe you're fine.

If you just return it, and not trade it in for something else, they will stick you for the remaining payments.

I'm not looking for another car. I'm looking to be without a car, if I can't drive for a year. I think my best bet is to find someone who wants to pick up the lease. This is not always an easy task.

here's to hoping you don't have to give up driving, or if you do, it's for less time than you think.

My brother-in-law used swapalease, but in the opposite direction. He got a car that someone wanted out of, and he was pretty happy with it. From what I understand, the "seller" basically paid a finder's fee to swapalease, and it wasn't all that much money. Technically you don't need them at all, but it's easier to find someone to assume your lease if you list it that way.

Might be worthwhile calling the leasing company or the dealership to see what they recommend, for all you know there is some demand for assuming leases and they might be able to both profit and help you out at the same time.

Sawapalease I read mixed things about. But, then, I'm not sure what exactly the negative reviewers were expecting. It is basicallly just a central listing site and seems to serve its purpose. I may go that route.

The leasing company, Toyota Financial, told me it would be my responsibility to find someone who wanted to pick up the remainder of the lease.

As far as driving goes, it is the doctor's recommendation. If I was diagnosed as an epileptic, for example, she would be legally required to report it to DMV and I would not legally be allowed to drive for a specified period of time. I am actually at a low risk of a recurrence of seizures. At that, I hd only partial seizures, during which I still had full motor function and capacities. But, I will be on some form of seizure medication for an indefinite period of time, likely to be the rest of my life.