But some people who lease wish to turn in their vehicles in before the leasing time has run out. Dealerships normally will not take such vehicles back before the time of the lease has run out. Consumers, though, can get relief through a vehicle lease transfer.
And what is that? Basically, these are services that consumers who want to take up the lease in order to get a vehicle of their own.
According to LeaseTrader.com, a company that performs and tracks lease transfers, there has been an increase of 30 percent of such transactions since the beginning of 2008. And this has hurt dealers and affect the bottom line of car manufacturers. Sales of new cars are down from 20 to 40 percent on certain vehicles in recent months
BMW 3-Series and the Mercedes-Benz C-Class have been the most popular vehicles in lease transfer transactions.