A private car lease or auto lease assumption is the process where the lessor allows the lessee to exchange or transfer the remainder of the car lease to a third party. Auto lease assumptions are typically handled by agents or companies who specialize in this process. This guide will provide you with the general steps needed on your end if you want to take over an auto lease.
Research different makes and models of cars you wish to lease and make a list of your top choices.
Search for different companies online that specialize in auto lease assumptions and auto lease transfers. Once you find an auto lease transfer company or companies, search their database(s) for car the lease you wish to take over. Select the car you are interested in from the listings.
Review the car details and any lease information available such as rates and discounts.
Submit your interest for the car or cars you wish to assume the lease on.
When required, provide your social security number and other personal information needed to perform a credit check.
Sign all required documents to finalize the transaction if approved.
