The new lessor pays the transfer and application fees and at lease termination they turn in the vehicle and/or buy out. If you take over a lease pay to have it inspected by a third party and ask the previous lessor to give you cash to compensate for any damage (like road rash on rims). That includes going over mileage as well as damages. I've gotten rid of 2 non Tesla vehicles (mercedes and lexus) on swapalease so my experience is only one-sided but I've leased almost all of my cars since 2005.Īs the original lessor I have transferred all responsibility to the new lessor on swapalease.
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