Suppose you have two years left on a three-year lease. Whoever buys your lease agrees to make the remaining monthly payments. The trick is finding someone interested in taking the reins from you.
- What if the check reveals that there is still Finance on a Vehicle?.
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- Can you perform a HPI check for outstanding finance?.
Fortunately, several websites make that job a lot easier. Sites like Swapalease and LeaseTrader provide listings that help match existing lessees with potential lease buyers. These trades can be just as advantageous for those assuming the lease. Furthermore, some people only need a car for a relatively short period of time — say, one or two years.
Depending on the extent of your financial crunch, there are other possible ways to unload your leased vehicle.
These include:. Sometimes manufacturers will allow you to exchange your current automobile for a different model. This option is a mixed bag. In other words, the pain is spread out over a longer period of time. Often, the leasing companies will allow you to buy the car before the lease runs out.
Do the math. Of course, financial difficulties aren't the only reason you might want to ditch your car These options will work just as well if your only problem is that you're moving to a city where owning a car is expensive and unnecessary. Auto Loans.
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Your Practice. Popular Courses. Login Newsletters. Table of Contents Expand. Options for Car Owners. Options for Car Leasers. Lease-Swapping Sites.
Alternatives to Lease-Swapping. The Bottom Line. Key Takeaways When time are tough, circumstances may force you to downgrade or get rid of your car in order to make ends meet. If you own your car, you can try to obtain or refinance a loan on it, or sell it privately or to a dealer. If you lease, you can try to swap your lease or else try to trade it in early to a dealership. Go back to your car dealer. Refinance the car loan. Sell your car. Sell your car and your loan. Popular Car insurance Van insurance Motorbike insurance Multi-car insurance.
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Life insurance calculator. Home insurance Compare up to 76 brands in under 8 minutes. You are here: Home Vehicle history check. Vehicle check Enter a car, van or bike reg plate to see a vehicle's hidden past. How does it work? Whether you've got a car, van or bike it only takes about a minute.
Using the quick registration plate lookup service we'll return information on the vehicle from these sources, so that you can be confident in what you're buying: Is the vehicle currently recorded as stolen? Has it been written off? Has it been exported?
Outstanding Finance Check
Is the mileage correct? Is there outstanding finance? How many previous owners? The car check results are displayed instantly and can be retrieved at any time.
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