How reliable is SwapaLease?
How reliable is SwapaLease?
SwapaLease has a consumer rating of 2.71 stars from 82 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about SwapaLease most frequently mention customer service problems. SwapaLease ranks 48th among Car Buying sites.
Do you have to pay for SwapaLease?
Fees and Costs SwapALease charges $59.95 to register as a buyer. It’s a one-time fee, and the account is active until you successfully match with a leased vehicle. SwapALease throws in a free credit check and a couple of ebooks as part of the package.
Is LeaseTrader a good idea?
They claim to be the most reliable name in car leasing, but it appears that many customers would disagree. LeaseTrader provides great visibility for buyers and sellers to connect, but they are not involved in the lease transfer. Still, both parties have to pay significant fees to use the platform.
How does swap lease work?
How does the Swapalease process work? In short, Swapalease allows Lease Sellers to offer their in-process leases 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.
How do lease transfers work?
A car lease takeover involves a lease transfer; from the lease “seller” to you, the “lease” buyer. The lease seller wants to get out their lease early. This person is looking for someone to take over the lease contract along with the car. The leasing company has predetermined this value when the car was brand new.
How do I cancel swapalease?
It is necessary to contact Swapalease.com directly by telephone or email to deactivate/remove your vehicle listing from the site.
How do I delete my LeaseTrader account?
To change or cancel your subscription at any time, click the “Membership Renewal” Edit link on the My Dashboard page of the LeaseTrader.com website and follow the steps. You can also change or cancel your subscription by contacting our Customer Service department.
Do celebrities buy or lease cars?
What’s worth noting (and what’s not terribly surprising) about this is that most celebrities do tend to buy over leasing. Of course, not everyone is in a position to do that and leasing is a perfectly acceptable option if that’s what your budget allows.
Who owns swap a lease?
A lease swap is the transfer of a lease from one person to another. After the swap is complete, the new lessee becomes fully responsible for the lease, as long as the transaction meets all of the lessor’s requirements.
What are swapalease’s complaints?
Swapalease has a number of complaints in regards to it services, the process and the negative end results of the transaction. Some of the lease sellers were left to file bankruptcy after the car payments were not paid and others had to continually make payments on the car for which they were never to see again.
How much does it cost to list on swapalease?
The Swapalease listing plans include: Tier 1: $74.95 for a 1-photo ad and an additional $200 “success fee”. Tier 2: $199.95 for a 12-photo ad, success fee included in the package. Tier 3: $299.95 for a 36-photo ad that is featured for 2 weeks. The success fee is included in the package. Complete your listing.
How does swapalease make money?
Swapalease makes money from both the lease buyer and lease seller. Since both pay fees to be part of the Swapalease network, the company makes money when you sell your lease or buy another lease. Sellers can pay a premium for added features like more photos but at a minimum they must pay a success fee in addition to the monthly listing fee.
How does swapalease work for lease buyers?
When a lease buyer finds the vehicle of their choice on the site, Swapalease will help them though the process with the lease seller. Lease buyers are able to find short term leases with low payments and no upfront costs. By assuming the remainder of a lease they also have the benefits of getting a new model car without a lot of mileage on it.
