Audi Lease Assumption
A Audi Lease Assumption allows one person to assume an in-process lease from another person.For example, if your best friend had 18 months left on his Audi lease, and you wanted to take over his lease, you would simply assume his lease and start making the payments each month for the remaining 18 months.
| We recommend you save yourself a LOT of time and download our FREE leasing guide to learn how Audi Lease Assumption works in detail - Click Here. |
What are the benefits of assuming someone else's Audi lease?
For the Buyer (the person assuming a lease) you are able to take over an existing Audi lease with no money down and with a shorter lease term than you would normally have to take on if you were to write the lease from scratch.
In many cases, Sellers (those looking to hand over their leases) are willing to offer Buyers incentives in the form of cash other terms that are exciting to Buyers. We have seen Sellers offer Buyers over $10,000 in cash for assuming their lease. These Buyers walked away with a late model Audi, no money down, a short lease term and a check for $10,000! That's no exaggeration.
Often when you are negotiating with a private individual you do not have to worry about that person "making a profit" or trying to "hit a sales quota" like a dealer does. They are also less inclined to try to hide hidden charges from you because they know they are personally responsible for the sale of that vehicle. In the case of a lease assumption, it's even more so because they are relying on your to assume their liability and make good on your payment promise. They need you a lot more than you need them!
Why would someone want you to assume their lease?
From a Seller's perspective, you are already bound to a leasing contract for the duration of your remaining term. In order to exit that lease early, you would have to pay thousands of dollars in early lease termination penalties to your leasing company. The leasing company is under very little incentive to allow you to break your Audi lease early. They lose thousands of dollars instantly when a vehicle is turned back in early.
The alternative is to find someone else who would like to assume your Audi lease, allowing you to walk away without paying these stiff penalties. In some cases you may offer a cash incentive to a Buyer to make your deal more attractive than a new lease or competing deals.
For more information on Audi Early Lease Termination, see "Terminate your Audi Lease Early"
| To find a lease to assume simply visit http://www.swapalease.com |
For a complete guide on lease assumption and termination, download our FREE leasing guide here.
Return to Home