Interesting find! A good way to "try" a car for a song!
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Interesting find! A good way to "try" a car for a song!
I found this website while trying to find residual rates on cars...
Amazing allroad lease takeovers... with cash incentives? For instance, get a '02 ar for $535/mo by taking over the lease that has 18 months left on it, WITH a cash $3,500 incentive...
Pretty amazing! There has to be some trick to it, but a TON of cars on it!<ul><li><a href="http://www.swapalease.com/">http://www.swapalease.com/</a</li></ul>
Amazing allroad lease takeovers... with cash incentives? For instance, get a '02 ar for $535/mo by taking over the lease that has 18 months left on it, WITH a cash $3,500 incentive...
Pretty amazing! There has to be some trick to it, but a TON of cars on it!<ul><li><a href="http://www.swapalease.com/">http://www.swapalease.com/</a</li></ul>
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There is no trick to it. . .
. . .but some leases are easier to take over than others. The hard ones require that both the original and the new owner remain on the lease.
I have used this once without incidence -- on an Audi, no less. And I have attempted to use it a second time, but Audi will not permit a takeover if the lease is less than X months to conclusion (12 months I think). Man this is a deal, 18 months lease and he'll make the first 7 payments?
I have used this once without incidence -- on an Audi, no less. And I have attempted to use it a second time, but Audi will not permit a takeover if the lease is less than X months to conclusion (12 months I think). Man this is a deal, 18 months lease and he'll make the first 7 payments?
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Re: There is no trick to it. . .
I know - that's amazing!
I'm thinking of people who want to "try before they buy" kinda thing...
OR better yet, I can handle a $1300/mo lease for 6 months for the chance to live with a 750Li!
Just an interesting alternative.
I'm thinking of people who want to "try before they buy" kinda thing...
OR better yet, I can handle a $1300/mo lease for 6 months for the chance to live with a 750Li!
Just an interesting alternative.
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Re: But who get stuck with the over milage, body damage, ect charges?
well, that's the thing. They list right there the number of miles per month you can put on it for the remainder of the lease as per the lease terms.
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Here's one that's hard to believe.....
Looked around in there. Most deals aren't that good, interest rates in th 7% to 9% range. I did find one amazing deal assuming a good car:
2002 Merc Benz CLK AMG55 convertible:
Curent retail from private party - $65,700
Residual at lease end - $28,000
45 months remaining
78,000 total miles with 53,500 remaining
$817 per month, calculated -0.5% interest, that's negative interest!
Jim
2002 Merc Benz CLK AMG55 convertible:
Curent retail from private party - $65,700
Residual at lease end - $28,000
45 months remaining
78,000 total miles with 53,500 remaining
$817 per month, calculated -0.5% interest, that's negative interest!
Jim
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Some of the deals are a total joke!
2000 CLK430 convertible
Current value (from private party) $43,000
Residual $27,500
28 months remaining
84,000 total miles with 46,000 remaining
$900 payment, interest is 11.6%
Jim
Current value (from private party) $43,000
Residual $27,500
28 months remaining
84,000 total miles with 46,000 remaining
$900 payment, interest is 11.6%
Jim
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Here's an awesome deal!
2002 CLK430 convertible
Current value (NADA average retail) $52,500
Residual $42,163
5 months remaining
36,000 total miles with 6,000 remaining
$945 payment, interest is -27.9%!
If you use average trade in value of $47,200 the interest is still -1.65%.
Jim
Current value (NADA average retail) $52,500
Residual $42,163
5 months remaining
36,000 total miles with 6,000 remaining
$945 payment, interest is -27.9%!
If you use average trade in value of $47,200 the interest is still -1.65%.
Jim
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