Lease Takeover

Frequently Asked Questions

How can I know I am eligible for a lease?

Your credit worthiness will be performed by the leasing company itself. However, it does require you to have a solid credit rating to take over a car lease from the leasing company. Typically, a credit score of 680 or higher is deemed as "Solid Credit".

Can I pick a leasing company of my choice during the lease takeover?

When you take over someone’s car lease, you are agreeing to take over the remainder of an existing lease. The original terms and conditions of the lease stay intact.

What are the benefits of taking over a lease?

Taking over an existing lease over a new one has multiple benefits. You get a vehicle with no down payment as it's already paid. Then, you get a vehicle with a low mileage which is another great reason to assume a car lease. The biggest advantage comes in the form of monthly payments because the lease payments in the first few years of the lease are always higher and gradually go down. So you get the benefits of a long term lease (like low monthly installments) but enjoy a relatively short-term lease. These all add up to some great reasons why you should take over a car lease.

How often is this website updated?

Every new listing on QuitALease.com is updated in real time, so if a new vehicle is added by the seller, you will be able to see it immediately.

Why do I need QuitALease to take over a lease?

There are many benefits of using QuitALease. We are industry’s top marketplace where you can find some of the best lease swapping deals. And while anyone can list their vehicle on QuitALease (eligible individuals), we ensure that you get your hands on the best deals. Finding the right seller and that too at the right time is nearly impossible unless you have access to an online platform like QuitALease. Lastly, our quality listings can save you an enormous time too.

How long will it take for me to take over a lease?

It depends on the three different factors, mostly involving the lessee’s leasing company. The first factor is the credit decision process which is a standard, 24-48-hour practice. Then, there’s processing and documentation that could take further 3-5 business days. Lastly, you have to consider the mailing and turnaround period. All of this could take as less as a week and as much as 2 weeks.