Frequently Asked Questions
Questions about AutoLeaseBreakers.com
General Questions on Auto Leasing
Questions from "Lease Sellers"
Questions from "Lease Buyers"
Questions to AutoLeaseBreakers.com Support
Questions about AutoLeaseBreakers.com
What exactly is AutoLeaseBreakers.com.com?
AutoLeaseBreakers.com.com is a leading online auto leasing marketplace for consumers seeking to get out of their lease early and transfer their lease to other consumers seeking to take over the lease for a short-term period. Our primary objective is to bring together individuals are current lease vehicles that they wish to get out of, and find individuals to take over their auto lease for a short-term, with no money down, for the remainder of the lease agreement. to get out of the first and only full-service online marketplace of in-process vehicle leases. Back to Questions
Who can use AutoLeaseBreakers.com?
Lease Sellers: Individuals who are actively leasing a vehicle, whose leasing company allows lease transfers, can use AutoLeaseBreakers.com to "sell" their lease. Lease Sellers can register for a free account with Auto Lease Breakers.
Lease Buyers: Individuals seeking to take over a current lease agreement for a short-term period, with no money down. These individuals are looking for a good value on a late-model used vehicle can shop AutoLeaseBreakers.com for short-term leases. Back to Questions
Why use AutoLeaseBreakers.com than other auto lease swapping market places?
Lease Sellers: Auto Lease Breakers offers one of the most effective and robust online marketing strategies to attract lease sellers to take over vehicle leases. We've specialized in web marketing for over 10 years, and have certified Internet Marketing and Business Strategists working to promote your vehicle lease through the most effective online, and offline, marketing channels.
Beyond the marketing intelligence we invest into attracting lease buyers, Auto Lease Breakers offers localized and personalize lease results for buyers to quickly locate their desired lease. We make it easy as possible for lease buyers to find their dream lease that's local to their city.
Auto Lease Breakers also values the lease sellers need to move their auto lease quickly, therefore we only charge one flat fee - the fee to list your auto lease. Unlike many other online leasing marketplaces who charge lease transfer fees, hidden fees, additional fees for photos and advert. details and those who charge lease BUYERS to find and contact your lease advertisement....we keep it simple. One fee, that's it.
Lease Seller: Auto Lease Breakers offers lease sellers no barriers to find their dream lease. We don't charge lease buyers to open an account or contact the lease seller. We provide localized auto lease search results to help lease buyers find available local leases for take over. We provide personalizes search results to help lease buyers find their dream leases quickly. We offer lease sellers a large database of auto leases available for lease take-over. Back to Questions
How does the AutoLeaseBreakers.com process work?
In short, AutoLeaseBreakers.com allows Lease Sellers to offer their active auto lease for assumption online where potential Lease Buyers can view them and make contact with them. We then guide the Sellers and Buyers through the lease transfer process. Please visit How it Works for a step-by-step guide to the AutoLeaseBreakers.com process. Back to Questions
What is the Platinum lease transfer service, versus the Gold and Copper lease transfer services?
You can review the service differences of each lease transfer package here.
Can I be both a "Lease Seller" and a "Lease Buyer" with AutoLeaseBreakers.com?
We encourage you to be both a Seller and a Buyer with AutoLeaseBreakers.com, so you can take full advantage of what we have to offer. Even though the sell and buy transactions are handled separately, we have built the web site to make it possible for you to use a single account for all of your lease transfer needs. You can monitor all of your account activity in one place, using a single username and password. Back to Questions
How does AutoLeaseBreakers.com protect customer information?
AutoLeaseBreakers.com protects customer information in a variety of ways. During customer transactions, data is protected using Secure Socket Layer (SSL) encryption supplied by our payment processor who specializes online in providing secure online transactions. Once stored on our processors server, data is secured using state-of-the-art firewall protection, preventing unauthorized access to sensitive information. Back to Questions
Should I feel secure about giving AutoLeaseBreakers.com my credit card information?
AutoLeaseBreakers.com has taken precautions to protect your credit card information both during and after financial transactions. Our payment processor who is in the primary business of providing secure online payment transactions provides encryption protection of the information during processing, and a state-of-the-art firewall protects the information. For security purposes we do not store this information on our servers. For credit card processing, AutoLeaseBreakers.com utilizes the services of our payment processor who uses industry standards widely recognized of providing solutions for secure online payment processing. Back to Questions
How often is the website updated?
The AutoLeaseBreakers.com listings are updated every day. When Sellers list their vehicles, they appear within 24-48 hours, as soon as payment is verified. Buyers can view the latest listings by clicking on new auto leases. Back to Questions
Can I use AutoLeaseBreakers.com as a Canadian or American resident?
Yes, Auto Lease Breakers offers both Canadian and American the services of auto lease assumption. Back to Questions
Questions about Leasing and Lease Transfers
I'm new to leasing -- Where can I find out more about leasing in general?
We offer general information on auto leasing throughout the website, however we recommend an industry, un-biased consumer-oriented website that covers a wide range of information on auto leasing, and information on how to get out of an auto lease. We recommend AutoTraderLeaseGuide.com for any consumer seeking to consider to lease an automobile. Back to Questions
Is it possible to terminate a lease prior to the full term of the contract?
It is possible to terminate any lease prior to the scheduled end date, however there are normally significant financial implications to the lessee when doing so. Each leasing company has their own policies, but most will charge some form of early termination penalty. It is not unusual for these charges to be in excess of several thousand dollars. This is a primary example of why AutoLeaseBreakers.com can be such a valuable service. Back to Questions
How do lease transfers work?
The basic lease transfer process is the same for all leasing companies. The individual wishing to assume the lease submits a credit application to the leasing company. The leasing company will make a decision on the credit worthiness of the applicant. If approved, lease transfer documents are prepared and signed by the original and assuming lessees. The transfer is complete when the signed documents are returned to the leasing company and processed. There are variations in the fees and details for each leasing company. Back to Questions
Are there any additional or “hidden” fees involved in lease transfers?
Auto Lease Breakers has zero hidden fees. We only charge the fee of listing the vehicle lease with Auto Lease Breakers. However, be aware of other online lease market places who have hidden fees. There is typically one hidden fee found with other lease swapping marketplaces, beyond charging lease buyers to register (a barrier for lease buyers).
This includes the nominal fees charged to facilitate the lease transfer process, and those fees required by the leasing company who holds the vehicle lease. Leasing company fees can include both credit application and lease transfer fees. Each leasing company has their own fee structure, and they vary broadly from one company to the next. However, be aware of lease swapping sites who have other hidden fees such as adding additional photos, adding additional vehicle lease details, and charging lease buyers to contact your lease advertisement.
As with any change of vehicle “ownership”, there may be vehicle licensing or registration fees required by your state. Policies and fees vary by state. The leasing company which holds the lease can advise you on how to manage these details, since technically they “own” the vehicle. Some states may require payment of taxes, in addition to the use tax normally included in monthly lease payments. These are a matter of policy in each state. AutoLeaseBreakers.com does not have expert knowledge of these taxes. If you are unsure about your state’s policies, you can check with the agency that handles taxes for your state, or ask a local auto dealer who should be able to advise you on how taxes are handled in vehicle purchase or lease transactions. Back to Questions
Are “Buyers” and “Sellers” free to negotiate any of their own terms concerning lease transfers?
Normally the terms of the lease, including monthly payment, mileage allowed and lease-end date remain fixed and are controlled by the leasing company. However, the Buyer and Seller of a lease are free to negotiate many details of the lease transfer, as long as they do not interfere with the rules set forth by the specific leasing company or are in violation of any laws. A common example of a negotiable detail surrounds who will pay the leasing company's transfer fees. Sellers are also free to offer or require cash up front as a part of the lease transfer deal. These agreements are made between the individual Buyer and Seller, therefore AutoLeaseBreakers.com does not have any control in these details and assumes no responsibility for such agreements. Back to Questions
How is the lease transfer initiated?
The Lease Seller starts the lease transfer process by advertising with AutoLeaseBreakers.com. The lease seller will browse the available leases for take-over and contact via email the leases he/she is interested to take-over. The lease seller and lease buyer discuss the details. Once the details have been worked out between both parties, a credit check is performed by the the lease buyer. Back to Questions
How long does the lease transfer process generally take?
The time frame for lease transfer varies broadly from leasing company to leasing company. Some leasing companies can complete the process in as little as a week while others may take several. The timing is dependent upon three factors. The first factor is the credit decision process, which generally takes 24 to 48 hours. The second factor entails creation and processing of the required lease transfer documents, which generally takes 3 to 5 business days. Lastly mail and turnaround times must be included. Typically, figure on at least 7-14 business days to complete the entire process. Back to Questions
When is the lease transfer final? The lease transfer process is final when the leasing company receives all required lease transfer documents and fees for the transaction. Back to Questions
What happens to the security deposit when a lease is transferred?
First, not all leases require security deposits. Each leasing company has their own policy for how to handle any security deposits during a lease transfer. Some return the deposit to the original lessee and require a new deposit from the assuming lessee. Others allow the security deposit to transfer to the new lessee. The disposition of any security deposit is often a point of negotiation between the Seller and Buyer as well. Back to Questions
Who is responsible for potential lease-end charges?
The Lease Buyer would be responsible for any termination charges at lease end. The Lease Buyer is assuming the remainder of an in-process lease, and will be responsible for the lease-end terms as included in the original lease contract. Lease-end charges may include disposition fees, excess mileage fees and excess wear & tear assessments. All potential lease-end charges will be outlined in the original lease document. Back to Questions
Is it possible to transfer a lease to another part of the country or outside the United States?
Restrictions on lease transfer boundaries are set by the particular leasing company involved. AutoLeaseBreakers.com is not aware of any leasing companies that allow you to transfer the vehicle outside of the United States or Canada. In most cases, leasing companies will allow lease transfers within/between states inside their lending area. Back to Questions
How are long-distance lease transfers normally handled?
When a long distance separates the Buyer and Seller, normally arrangements to inspect the vehicle and get it to the Buyer are worked out between the parties involved. We have seen many different arrangements work, ranging from the Buyer or Seller driving to meet each other, having the vehicle inspected by a dealer or mechanic and having the vehicle transported by a shipping service. Others have used Sea Rail to transfer their vehicle across long distances. We recommend we look into their services. Back to Questions
Where is the vehicle turned-in at lease end?
Each leasing company has their own turn-in policies, however, if a leasing company allows a Buyer to assume a lease, they normally will have some provision for a new lessee to turn in the vehicle locally. Back to Questions
Questions from Lease Sellers
How effective is AutoLeaseBreakers.com? (How successful are Sellers at finding someone to assume their lease?)
AutoLeaseBreakers.com has helped numerous Lease Sellers successfully transfer their leases to satisfied Buyers. Much of an individual Seller’s success is determined by the value presented in the lease and vehicle being offered. When the monthly payment is competitive and a reasonable number of miles remain on the lease, it is more likely that the right Buyer will find the deal in a short amount of time. Sellers can increase their odds of success, or improve the value represented by their vehicle and lease, by offering incentives to their basic deal. Sellers wanting to further increase their visibility can upgrade their Lease Advertisement to Auto Lease Breakers "Platinum Package" that provides the maximum amount of exposure for their lease. Back to Questions
How do “Lease Sellers” save money using AutoLeaseBreakers.com?
Lease Sellers can save money by finding someone to complete their lease, instead of the more costly alternatives involved in early lease termination. If a lessee simply wants to pay off the remainder of their lease, there are normally early termination fees assessed by the leasing company in addition to the remaining monthly payments owed. These costs can result in financial “penalties” climbing into thousands of dollars. Policies vary by leasing company, so to be certain of the terms of your individual lease you should consult your lease documents or lessor’s customer service group. Back to Questions
What are the fees for the “Lease Seller”?
AutoLeaseBreakers.com has three levels of membership for Lease Sellers. View our membership advertising packages here. Our Platinum package offers the highest marketing exposure for your auto lease advertisement, and offers the highest value. Back to Questions
What information will I need to list my vehicle with AutoLeaseBreakers.com? Before listing, you will want to have or know the following:
1. Contact information you will use for communicating with AutoLeaseBreakers.com and Buyers – Including name, address, phone numbers, email.
2. Information about the vehicle – Including year, make, model, style, features, current mileage.
3. Details of the lease – Including leasing company, monthly payment, approximate lease end date (your lease contract is a good source for these details).
4. Photos - Any JPG photos of your vehicle you want to add. If you don't have these readily available, you can always log into your account later and add/update these photos. In the meantime, we'll provide a sample vehicle model of your vehicle until you have provided your actual photo. All photos are uploaded and managed online through your Lease Seller account. Back to Questions
How do I list my vehicle with AutoLeaseBreakers.com?
To list your vehicle, simply register for a free Lease Seller account. From there you will be led through a three-step listing process where we will collect contact information, vehicle information, and details on your lease. You will be asked to select from one of three listing packages varying in price. The primary difference between the different options is the amount of exposure your listing will receive, but each will keep your listing active until you sell. Back to Questions
Can I add my own picture to my vehicle listing?
Yes, to do this, simply upload your photos during the registration process of your vehicle lease advertisement, or use one of our default photos. Whenever you have your photos available to use, simply log into your Seller account and upload and manage your photos there. It's all done online - a simple 2-3 step process. You can also email us your photo at info@autoleasebreakers.com - though be sure to include your lease advertisement ID. Back to Questions
How do I find my listing?
There are two ways for a Seller to view their vehicle listing. You can sign-in with the username and password chosen when creating your account. This will take you to an “Account Management” area. From there you can select “view listing” to see your ad. You can also go directly to your ad by clicking on vehicle search and enter your AutoLeaseBreakers.com Vehicle ID into the appropriate area on that page. Back to Questions
How do I change information on my vehicle listing or account?
You can edit your listing or update your contact information when you sign-in with the username and password chosen when creating your account. To edit the listing, click on “Edit Ad”. Simply change any details required and submit the form. The process follows the same steps, which you followed when you originally input your information. To update contact information, click on “Edit Personal Information”, make any changes required and submit. Back to Questions
Can I offer incentives to make my listing more attractive?
Yes! In many cases it may make sense for a Seller to sweeten their deal by offering an incentive. Typical incentives include offering to pay transfer fees, make payments for the Buyer or even offer cash for taking over the lease. If your payment is not competitive, or you have used more miles than appropriate, offering an incentive is a good way to offset these negatives and improve your odds for success. Back to Questions
How do I offer an incentive?
Incentives can be noted in the “additional information” area of your vehicle ad when you are listing your vehicle or directly in the 'bonus/incentive' field. Back to Questions
How do I deactivate/remove my vehicle listing from the web site?
You can de-active your account from within your account, though you'll need to sign-in first. Alternatively contact Auto Lease Breakers with the ID of your lease advertisement. Back to Questions
How will Buyers contact me?
The lease buyer can contact the lease seller directly from their lease advertisement. Each lease advertisement has a "contact me" button that directs the lease buyer to a contact web form. The lease buyer simply complete the form, adds in their personal message and clicks submit. An email is then triggered to the lease seller who will contact the lease buyer directly.
Our method of contact lease sellers helps protect the lease sellers contact info from malicious individuals who scour the web for harvesting peoples contact information for selling to direct marketing farms. Our method protects this information for lease sellers.
Back to Questions
Am I still held liable once the lease has been transferred?
Whether or not the original lessee is liable once the lease is transferred depends on the leasing company involved. Some leasing companies completely remove the first individual from the account and some choose to leave the original lessee liable as a guarantor. When the original leaseholder is removed, the lease transfer is typically referred to as a "lease assumption". When liability remains with the original lessee, the process is known as a "transfer of equity". Back to Questions
Questions from Lease Buyers
How do “Lease Buyers” save money using AutoLeaseBreakers.com?
The individual "buying" a lease may be able to save a great deal of money utilizing AutoLeaseBreakers.com's services. When you assume the remainder of an active lease, you get the benefits of a late model, low mileage vehicle with no down payment, payments which may have been subsidized by the original lessee with a cash down payment and a short-term lease with a lower payment which originally reflected a longer term lease. Back to Questions
How do I search for a vehicle at AutoLeaseBreakers.com?
Simple, use the quick search on the Auto Lease Breakers homepage, or within any webpage of the website, or use the advanced search tool to find the specifics you're seeking. Back to Questions
How do I contact the “Lease Seller”?
Once you find a vehicle that interests you, simply click on the "contact me" button on the lease sellers advertisement, and complete the contact web form. The lease seller will immediately receive your message upon submitting. Back to Questions
Can I contact a Seller without registering?
You cannot. All parties who are series about seeking an auto lease for take-over can register for a FREE auto lease buyer account. Registration takes less than a minute, and all information is kept secure. Registering for an account helps Auto Lease Breakers deliver relevant and quality search results of auto leases that meet the lease buyers needs. Back to Questions
What are the fees for Buyers?
There are non. Zero. Zilch. De Nada. Unlike other lease swapping marketplaces, we charge zero fees for lease buyers registration. This eliminates any barriers for lease buyers to contact lease sellers. Back to Questions
Do I have any control over which leasing company is utilized?
Each of the vehicles on the site is currently under lease by a specific leasing company, and is being offered for lease assumption by the current lessee. In lease assumptions, the original lease terms and conditions apply. A Buyer is not agreeing to a new lease, but is agreeing to take over the remainder of an existing lease, through the existing leasing company. Back to Questions
Do I have to have good credit to assume a lease?
Each Buyer applying for lease transfer will go through a credit approval process with the leasing company that owns the vehicle. All leasing
companies have their own standards for decision making on credit approvals, and for this reason it is difficult to say what type of credit history is required in order to gain approval on a lease transfer. However, in general AutoLeaseBreakers.com has found that a relatively high level of credit is necessary to successfully take over a lease. Note, Auto Lease Breakers does not facilitate any credit checks on behalf of the lease seller or lease buyer. Back to Questions
What if I can’t find what I’m looking for?
New vehicles are listed with AutoLeaseBreakers.com every day, so if you don’t find the lease you need today you can receive vehicles leases via email that match your wish list. You will be alerted by email when a vehicle matching your preferences is listed. Back to Questions
Questions to AutoLeaseBreakers.com Support
What if I need to contact someone at AutoLeaseBreakers.com?
Customer service is the priority at AutoLeaseBreakers.com. You can contact us via email with questions, concerns and feedback. Back to Questions
What do I do if I forget my "User ID" and/or "Password" information?
From the log-in area you can click on forgot password to request your username and password. Just enter the email address you have included in your AutoLeaseBreakers.com account, and the username and password will be emailed to you. If you have any difficulty obtaining the username and/or password, please contact us. Back to Questions
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