Auto leasing is one of the most popular methods to obtain an automobile these days. Drivers are committed to 24 to 60 months contracts on most leases. However, circumstances change requiring drivers to get out of their lease earlier than the specified duration.
Drivers can get out of a auto lease in several ways including turning the automobile in and paying the balance owing or transfer out of the lease. The most affordable option to get out of a auto lease is to perform a auto lease transfer. This is essentially a lease takeover whereby Lease Assumption another driver continues your leaes for you. In this process, the lease obligation is transferred from the current lessee to a new lessee, similar to subletting the vehicle. The new lessee will bear the financial responsibilities for the lease until it expires or if the lease is transferred again. Such procedure allows drivers to break a auto lease at minimal cost and spares the original driver hefty costs normally associated with an early lease termination.