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Mark Sherry - 07894 944 975

Swap a Lease

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Source - Times Online: Jason Dawe - Sunday Times , 05 September 2004
I have an MGTF on personal lease from a car leasing company. I am due to move abroad and would like to avoid the large early termination penalty imposed by the lease company. Can I do this?
- PM from Guildford

Transferring such contracts has been popular in America for years but has only recently become possible in this country. The online broker Swap-a-Lease claims to be the only car leasing and contract hire transfer service in the UK. The procedure is straightforward: you submit the details of your car and contract, which are advertised online where prospective buyers can check out the terms. If a buyer is found, buyer and seller pay a small handling charge for the contract to be transferred. Most leasing companies are happy for this to happen. To find out more visit www.swap-a-lease.co.uk, or call 0800 804 6804.

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