Ditch an auto lease: In over your head with an auto lease because you succumbed to the new-car smell and allure of a luxury nameplate? Or maybe you lost a job and can't afford the payments?
Transfer your lease to someone else. It can help to use online brokers such as LeaseTrader.com. It's a seller's market right now because more people want to adopt unwanted leases, which require no down payment and are less of a commitment than full-term leases, said John Sternal, spokesman for LeaseTrader.com
At LeaseTrader.com, for example, listing a vehicle costs about $90, and using it to facilitate the lease transfer, which would involve a credit check of the person assuming the lease, costs about $150.