[gweeta]

Was wondering if anyone who used multiple security deposits had used also Swapalease to get out of a lease, and if so, how you handled the MSDs with the purchaser.

Thanks.

Edit: The minute I posted this, I realized I probably should have put it in another forum. Sorry about that.

[BMWrules7]

Originally Posted by gweeta

Was wondering if anyone who used multiple security deposits had used also Swapalease to get out of a lease, and if so, how you handled the MSDs with the purchaser.

Thanks.

Edit: The minute I posted this, I realized I probably should have put it in another forum. Sorry about that.

I suspect you would use the MSD's as potential "bonus" for the person taking over the lease.

I say potential because there are times where you can lose the MSD.

So make sure you don't advertise it as a certainty.

[gweeta]

Thanks. I was trying to think of a way not to lose it, since it's a fair bit of cash, but I'm assuming one of the main reasons people like Swapalease is that they can step into a car without up front cash. So asking for the MSDs would likely scare off prospective buyers.

[Bama335]

you'll see that many cars listed on swapalease ask for an initial payment to assume the lease, likely to recover some of the cap cost reduction and/or MSD.

I'd ask for the $$ up front and maybe negotiate down when you find interested buyers

[gweeta]

Makes sense. Thanks.