LEASE SWAPPING

LEASE SWAPPING
How it works
Details of vehicle lease swapping through Web-based companies:
Lease sellers and buyers register with Web sites offering service.
Sellers post the car's picture and list lease terms, mileage balance and other details.
Buyers browse the listings and contact the seller if they're interested in assuming a lease.
Buyers are responsible for checking the vehicle for damage, excess wear and service history.
The original lender determines whether to transfer the lease based on the buyer's credit score.
Both the Web site and the lender will charge fees for the transaction.
The buyer and seller, often in different states, work out how to transfer ownership.