Here's how it works

Assume someone's lease agreement in 5 easy steps:

STEP 1

The original lessee posts the vehicle description and details of the lease that the lessee wants to transfer before the expiry of its term onto the Stop A Lease Website.

STEP 2

A potential lessee looks through the Stop A Lease Website for a vehicle lease that would be of interest to assume.

STEP 3

The potential lessee fills out the Lease Assumption Agreement (between original lessee and potential lessee) found on the Stop A Lease Website. Then, a new credit application by the potential lessee is completed and submitted to the original lessee's leasing company and waits for their credit approval. In the meanwhile, the original and potential lessees negotiate any and all other special concessions as to the terms of transfer between the parties.

STEP 4

To ensure that all lease transfer procedures are completed efficiently, the two parties refer to the steps indicated on the Stop A Lease check list provided on the Website.

STEP 5

The new lessee takes delivery of the vehicle.