Swap Auto Lease

By | July 9, 2012

The swap auto lease option allows one to come out of an undesired lease before the termination date without penalties by simply swapping the lease to other interested customers. It is a process of lease transfer that helps lessees to break their lease contracts prior to the termination period by turning it into a win-win situation for all parties by merely transferring the agreement to another customer.

Sample Swap Auto Lease

Swap Auto Lease

Name of the seller: Joseph Button

Lease object: Car

Object description: The object in concern is a black Sedan car that was leased to the seller by lessor Callum Preston for 5 years. The car is a four seater and is in pretty good shape for use.

Location: Florida

Lease History 

Name of Lessor: Callum Preston

Address: 14/ C, West Highway, Florida.

Lease Agreement Number: 258613

Date of sign of agreement: August 13, 2010

Lease timeline: August 15, 2010 – August 14, 2015.

Monthly rent: 150$

Security deposit: 5500$ (refundable on lease termination)

Terms and conditions:

  • The monthly rent agreed is payable via cheque within the first week of each month.
  • The lessee henceforth would be responsible for the repair and maintenance of the car.
  • The security deposit would not be refunded in case of irreparable car damage.
  • The car should not be used for any commercial purposes without the permission of the owner.
  • In case of any accidents or police issues, the lessee would in no way be responsible for the consequences.

Swap auto lease:

Vehicle condition: Outstanding

Fuel type: Diesel

Lease Time left: 3 years.

Total miles allowed: 325,000 miles

Miles left: 20,000 miles.

Lease transfer fee: 80$

Terms and conditions:

The buyer would have to abide by the previously agreed terms and conditions at all cost in order to maintain the validity of the lease. The Florida court would settle any dispute regarding the modalities of the contract.

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