Lease a Used Car
UPDATE: We have indefinitely suspended the article normally appearing here. In the current economy, used car leasing has become very difficult to do, even impossible. Lease companies and banks have stopped leasing used cars for now. We will continue our article suspension until it becomes possible again in the future to lease used cars.
Meanwhile, the best way to lease a late model used car is to take over a lease from someone who wants out of their current lease. Here's more about it:
People who need to get out of a lease list their vehicles with companies such as Swapalease
. These specialized companies help match up lease "sellers" with interested "buyers" and help with the paperwork.
Outstanding deals can usually be found on these web sites because "sellers" are often desperate to exit their leases, typically due to financial difficulties or lifestyle changes. Many even offer cash incentives. With no down payment and low monthly payments, this can be an excellent low-cost way to drive an almost-new car.
Many of the leases being offered for transfer were initiated a few months ago when car manufacturers were offering incredible good deals — although they lost money on those deals. Now, if you take over one of those leases, you inherit the same good deal — a deal that you could not get today on a new car lease. These are opportunities that shouldn't be passed up.
Taking over a lease from someone desperate to get out is absolutely the lowest cost way to drive a good late-model car, with no money down and low monthly payments. There simply is no other way!