With the services of Switchtrader.com lease sellers can exit their Saturn lease
before the contract expiration date through a lease assumption or lease transfer to a buyer seeking to get into an Saturn lease, the obligation for the remaining term of the Saturn lease is then transferred to the buyer after meeting the credit criteria of the Saturn lease seller's leasing company. Fundamentally It’s important to be aware of a few things if you’re looking to assume a Saturn lease:
(1) After identifying the vehicle you’d like to assume it’s lease contract it’s important to have at least some cursory knowledge about leasing. All your rights and obligations are specified in the Lease Contract, so it’s important that you read and verify your understanding of a lease contract before finalizing a deal, if you’re unfamiliar with leasing, an excellent repository of consumer information on leasing can be found at http://www.federalreserve.gov
(2) The first step in the process is to contact the seller to arrange a meeting at a mutually convenient time and place, Obviously the vehicle must be made available for your inspection but additionally, inform the lease seller to also bring the following to the meeting: (a) The lease contract (b) The service maintenance records. Obviously the condition of the vehicle is a primary concern as you will be held responsible for the condition of the vehicle at the end of the lease. Unless you’re mechanically inclined and trust your own judgment Switchtrader.com recommends you get a professional third party vehicle inspection provider (link to lease partners page).
(3) There are a few things to look for in the lease contract as you inspect it.(a) The ending date of the lease contract (b) The total miles allowed (c) The cost per mile of additional miles beyond the standard allowance (d) The monthly payment(e) The end-of-lease terms including the buy-out value (buying your leased auto at the end of the lease can be attractive),(f) Any end of lease disposition fees(g) Excess wear and tear provisions(h) Security deposit requirements.
(4) Before going to the meeting write down all your possible questions to ensure your examination stays on track as most times meetings tend to digress from the issues at hand. Also be sure to confirm which party pays the transfer fees and how your security deposit transfer will be handled, we recommend our lease partner escrow service (link to lease partners page) After coming to terms with the lease seller both parties must then advise Switchtrader.com of the agreement.
Switchtrader.comprovides the technological platform and marketplace to facilitate the coming together of lease sellers and lease buyers to further their interests in exiting and entering automotive leases, we are the ONLY! lease transfer marketplace that allows video uploads of lease sellers vehicles in addition to the standard digital images, certainly the combination of both a short video clip complete with voiceover capability and the digital images provides a powerful and compelling presentation to lease buyers as they search for the perfect Saturn lease.
Switchtrader.com Saturn snapshot.
Saturn made its debut with the S Series line of vehicles. Available in sedan, coupe and wagon configurations, these Saturn cars differentiated themselves from other GM products with all-new platforms and flexible plastic panels meant to resist denting. Additionally, the brand was granted its own plant, with all Saturn’s being built at a dedicated facility in Spring Hill, Tennessee. These first Saturn models weren't exactly built to burn rubber; they were powered by engines that offered from 85-124 horsepower. The payoff, though, was that these were among the most fuel-efficient vehicles of their day, offering up to 40 miles per gallon (when equipped with a manual transmission). Today's Saturn vehicles have changed a great deal relative to their forebears. The latest models share their platforms with other GM vehicles; additionally, the plastic exteriors of yesterday have been replaced with more conventional steel body panels. The upside of this loss of individuality is a marked improvement in overall quality. Some issues regarding a relative lack of refinement remain, but currently, Saturn is known for crafting vehicles that offer good value for the money.
Current model lineup: Saturn Astra, Saturn Aura, Saturn Aura Hybrid, Saturn Outlook, Saturn Sky, Saturn VUE, Saturn VUE Hybrid. |
