Is Swapalease legitimate?
Is Swapalease Legit? Yes, Swapalease is a legitimate company. It has been an Accredited Business with the Better Business Bureau since 2001. The business began in 1997.
What credit score do you need to take over a lease?
Credit scores of 700 or better are typically what auto leasing companies look for. Different lessors and vendors interpret credit scores differently.
Is taking over a lease a good idea?
A lease takeover can be a great arrangement for both the person transferring a lease and for the person taking it over. The original lessee gets the lease payment off their hands, and you get the wheels you need — or want — without a long-term financial commitment.
How does Swapalease work?
A lease swap is the transfer of a lease from one person to another. After the swap is complete, the new lessee becomes fully responsible for the lease, as long as the transaction meets all of the lessor's requirements.