Independent car leasing compaines

[Skydiver Nick]

Anyone have any experience with them either good or bad? Please discuss.

I came across one on Swap A Lease and honestly their prices blow away any and all dealers.

 

[Lucky7]

Originally Posted by Skydiver Nick

Anyone have any experience with them either good or bad? Please discuss.

I came across one on Swap A Lease and honestly their prices blow away any and all dealers.

No experience with swap a lease. What car in particular has your eye?

 

[Skydiver Nick]

Originally Posted by Lucky7

No experience with swap a lease. What car in particular has your eye?

I have quite a few in mind.

Swap a lease is more of a peer to peer lease trading site, like when someone wants to get out of their lease early. Dealers apparently also lease brand new cars on there and this is how I came across independent auto dealers offering leases / sales.

 

[Lucky7]

Originally Posted by Skydiver Nick

I have quite a few in mind.

Swap a lease is more of a peer to peer lease trading site, like when someone wants to get out of their lease early. Dealers apparently also lease brand new cars on there and this is how I came across independent auto dealers offering leases / sales.

Quite a few as in..?

 

[Piobaire]

You need to tread carefully. Know exactly what the end of lease fees will be. Make sure it's a "closed end" lease.

 

[bawlin]

Originally Posted by Piobaire

You need to tread carefully. Know exactly what the end of lease fees will be. Make sure it's a "closed end" lease.

x100000000000

Be careful when dealing with an independent. Yes, there are some deals to be had, but make sure to go over the contract start to finish and question anything that you don't understand. Some of these independents stipulate that the lessee has to pay the difference between the residual amount the lease was based on at the beginning of the contract and the fair market value of the car upon expiration of the lease. The thing is, however, that they don't exactly come out and say this.

Personally, I've had a pretty good experience with my leasing company (though they were just in the paper for leasing cars to known gangsters). I took over someone else's lease and the transaction was pretty smooth, except for a stupid $300 admin fee. I'm also not too happy about my interest rate but I'm paying next to nothing for my car so I'm not exactly complaining. I also know these guys are going to be completely screwed when I turn in the car because the residual was something like $38,000 and when I turn in the car next summer, it's most likely going to be a $25,000 car tops.

Oh well.