Why Auto Lease Assumption?
Why would you consider an auto lease assumption? This process, also known as Lease Busters, has several advantages over traditional leasing. The individual who takes over the car lease will not have to come up with a down payment in order to start driving the vehicle. All that’s required is to take over, or assume, the monthly lease payments. If a person paid $5000 down and has a $399 monthly payment, the individual will need to take over the monthly payment portion, which can create big savings. Auto lease assumptions or Lease Busting are relatively easy to initiate and complete. There are several popular sites that allow the holders of a lease to advertise a vehicle, and the sites will help guide you through the transfer process, such as AutoLeaseBreakers.com. The online sites are typically the best place to find qualified buyers to take over the lease. The next step for the individual is to get pre-approved for a lease assumption. Like getting a new lease, taking over an existing on
