Buyer Agreement

The material that appears on LeaseTrader is for informational purposes only.
Despite our efforts to provide useful and accurate information, errors may appear from time to time.

LeaseTrader.com is the most recognized name in car leasing, making us the largest global car lease marketplace.

If your goal is to take over a lease, LeaseTrader is available to assist you in doing exactly that. LeaseTrader is designed to match those who want to get out of their leases with those who want to assume a lease. One of the many services LeaseTrader provides is the verification of the buyer's credit. We verify the buyer’s credit in order for you, the buyer, to know in advance if you meet the minimum credit requirements to take over a lease. To the seller, to only communicate with buyers who qualify. The buyer must pass minimum credit requirements to have direct communication with the seller. That way, you are not wasting your time. These services are what differentiates LeaseTrader from all other leasing companies.

Here at LeaseTrader, we work hard in making the lease takeover process as simple and quick as possible for you. You can search for listings in a matter of minutes. Your LeaseTrader listing provides buyers with a complete list of detailed information about vehicles, including the option to view up to 15 photos. Sellers that provide pictures of their vehicle is a great way to view the car with all its glamor. It allows for buyers to be reassured that your car looks and is in the exact condition of what is being told to them through your listing. Sellers are also able to offer an incentive. If their lease payment is too high, there’s a good chance that after seeing your payment information, a potential buyer will overlook you ad. This is where Sellers offer an incentive to the Buyer so that the car lease payments are competitive with other cars in the market.

Most leasing companies allow for full lease transfers and lease assumptions. For example, Mercedes-Benz Financial, BMW Financial, Mini Financial, Rolls Royce Financial, Lexus Financial, Toyota Financial, Ford Motor Credit, Ally Bank, and US Bank. Some leasing companies will only approve of the transfer by adding the new lessee to your account and listing you as the guarantor. The leasing companies that do this are Nissan Motors, Honda Financial, and VW Credit. There are also companies that may not allow lease transfers, for example, Hyundai/Kia Motors and Chase Bank. Please verify your leasing company's transfer policies or restrictions before listing your vehicle.

Leasing companies generally charge a fee to transfer a lease, which is usually paid by the buyer.

LeaseTrader DOES NOT REVIEW the Availability, details, transfer restrictions for every vehicle listed on the LeaseTrader.com website. We DO NOT GUARANTEE that every vehicle advertised is available due to the first come first serve policy.

Buyer Subscription Programs
LeaseTrader is pleased to make available to you, four buyer subscription programs. Please note that the fees for these programs are Non-Refundable.

To see the Buyer Subscription Program and their cost currently being offered Click Here

LeaseTrader Credit Verification
1 credit verification included with all paid buyer subscription plans.
Supplementary credit verification fees are $29.95 each


LeaseTrader sellers want to deal with "Credit Verified" Buyers ONLY.
Therefore, in order to communicate DIRECTLY with one or more sellers, you must "PASS" the minimum credit requirements through LeaseTrader's credit verification service.
Please note that there is an NON-REFUNDABLE fee for this service and 1 c
redit verification is included with all paid buyer subscription plans.

It is the Buyer’s responsibility to communicate and work out all of the details of the transfer with the Seller, to inspect the vehicle in order to assure that the information and condition represented by Seller is accurate and correct.

At the initiation of the transfer process*, it is the Buyer's responsibility to update the vehicle status to transferring mode and pay their commission fee. Failure to do so will result in forfeiting all discounts, rebates and could possibly incur monetary penalties**
 
Buyer Commission  – $249.95
LeaseTrader charges the buyer a $249.95 one-time commission fee at the initiation of the lease transfer process* with a vehicle listed on the LeaseTrader.com website.
 
Instant Commission Rebate - $100.00
A $100.00 (One Hundred Dollars) Instant Commission Rebate offer is available to the Buyer when starting the transfer process online. 

Transfer Cancellation Policy/Commission Refund for the Buyer
In the event that the vehicle transfer does not go through, your paid commission fee rolls over towards your next lease takeover on LeaseTrader.com (as long as your membership has not expired).
The refund or cancellation request must be made in writing, within 30 days of the original payment, using the Contact Us link located on the Homepage of the LeaseTrader.com website. 
Please provide your name, the vehicle listing number and the reason for the cancellation or refund request. Request for refund will not be accepted by telephone.  
Refund requests will be honored for the paid commission fee only, minus a $119.00 administrative cost. Once reviewed and approved, you may be eligible for a refund in the original method of payment.  

* The definition of an initiation of a lease transfer is but not limited to when any of the following occur: the seller requests to start the transfer process, the buyer requests to start the transfer process, the seller and buyer both agree on moving forward with the transfer process, the seller supplies the buyer with the leasing company's credit application, the buyer completes and submits the credit application to the leasing company, or whichever occurs first.

Buyers Peace of Mind Program Fees
LeaseTrader offers, vehicle condition inspection services, Vehicle History Report, Transportation Quotes and other services to enhance your leasing experience. Please note that most of the time offered and charged by third party vendors and these fees are Non-Refundable.

All amounts are billed at the beginning of each subscription period. You also authorize LeaseTrader.com to charge you for any sales or similar taxes that may be imposed on your subscription payments. To change or cancel your subscription at any time is simple, click the "Membership Renewal" link on the upper-right corner of the MyLeaseTrader or the Buyer Central pages of the LeaseTrader.com website and follow the directions. You can also change or cancel your subscription by contacting our Customer Service as directed on the website. If you cancel or change your subscription, we require a reasonable amount of time to process the action. If you cancel, you'll enjoy subscription benefits until the end of your then-current subscription commitment; then your subscription benefits will expire. However, you will not be eligible for a prorated refund of any portion of the subscription fees paid for the then-current subscription commitment.

Approved Credit is Required. Not all buyers will qualify. To gain full access to use of LeaseTrader's buyer programs, credit verified status is required.

Completing a credit application DOES-NOT guarantee in any way that you will be approved as a good takeover candidate and be able to take over a lease using the LeaseTrader.com site.

Once LeaseTrader qualifies you as a "Credit Verified Buyer" DOES-NOT guarantee that you will be approved by the leasing companies.

LeaseTrader makes no guarantees that you will succeed in finding a vehicle to take-over.


Note: Before conducting any transaction, including but not limited to, the leasing or transferring of an automobile lease, that is posted on LeaseTrader, you should confirm with the leasing company their lease transfer of lease assumptions policies or restrictions, including but not limited to (the monthly auto lease payments, inception fees, taxes, lease term, lease end buyout, excess mileage charge, total allowed mileage, and actual mileage of the vehicle) that is important to your decision. LeaseTrader is not responsible for and does not guarantee the listing information.

The Lease Transfer process requires each party to provide information essential to the transaction. Such information may include an individual or company's name, address, phone number, e-mail address, vehicle's description details, and other information ("User Information"). The LeaseTrader Web Site accepts the User Information supplied by various Users, and LeaseTrader assumes no responsibility for testing or verifying the accuracy of such User Information, and does not endorse or approve of any Leased Asset, or any Current Lessee or Prospective New Lessee. The User Information is used by LeaseTrader, the seller, and the buyer, to contact each other, and the legal owner of the leased asset ("Lessor") to screen, approve or deny, and facilitate the Lease Transfer process.

LeaseTrader's services are available to individuals and business. Individuals agreeing to be bound by this Buyer’s Agreement on behalf of a business must be an officer or agent of such business who is authorized to form legally binding contracts on behalf of the enterprise under applicable law. Finance Companies will require that a Business Lease is personally Guaranteed by an officer of the Company who meets their credit criteria. LeaseTrader may also refuse to provide the Services to anyone or any entity at any time, in our sole discretion and LeaseTrader reserves the right to deny use of this service to anyone who uses the service in a manner we consider inappropriate.

LeaseTrader respects the privacy of its users. Please take a moment to review our Privacy Policy.
If you disagree with any material you find on LeaseTrader, we invite you to bring to our attention any material you believe to be inaccurate. Please forward a copy of the material to our Customer Service Manager along with an explanation of your objection.

You hereby represent and warrant that (a) you have all necessary authority, rights and permissions to submit the detailed information to us; (b) you give us the right to gather, contact and submit this information with the corresponding leasing companies. By accepting this you give LeaseTrader.com the right to contact the leasing company on your behalf.
You agree to release, defend, indemnify and hold LeaseTrader.com, its Affiliates, the Licensors, and their respective officers, directors, employees, agents and contractors harmless from and against any and all claims, costs, demands or expenses, including attorneys' fees, arising from any refusal to transfer, removal, deletion, movement, editing or other use of the information you have provided.

OWNERSHIP
LeaseTrader is made available for your personal, non-commercial use only.
The materials on this site are the property of LeaseTrader or its licensors and are protected by U.S. copyright laws, international conventions and other copyright laws.
Without limiting the foregoing or expanding any of your rights hereunder you may not distribute, transmit, display, reproduce, modify, sell, create derivative works from, or otherwise exploit any of the materials on LeaseTrader. You may display and occasionally print a single copy of any page on the site for your personal, non-commercial use, but you may not otherwise reproduce any material appearing on this site without the prior written consent of the owner. With the exception of using the "Send this page to a friend feature" and/or any "Affiliate Marketing Services" found in LeaseTrader, you may not store any significant portion of, nor distribute copies of, materials found on this site, in any manner (including electronic means), without prior written permission from the owner.

INTERACTIVE AREAS
The Message Centers are provided to give users 18 years of age or older a convenient means of expediting their lease transactions. LeaseTrader does not endorse the accuracy of any message transmitted through the Message Center. Please use your best judgment and be respectful to other individuals using this forum. Do not use vulgar, abusive, or hateful language. You may not use the Message Center for advertising or promotional materials or other forms of solicitation not related to the applicable Listing Number.
Given the nature of the Service and the volume of messages and listings, LeaseTrader cannot monitor all messages transmitted through the Message Center. However, please contact a LeaseTrader customer service representative if you encounter any communication that is obscene, defamatory, or otherwise unacceptable. LeaseTrader reserves the right to delete, move, or edit any communication that it deems in its sole discretion to be a violation of this Agreement or defamatory or insulting in any way.


VEHICLE LISTINGS
LeaseTrader DOES NOT REVIEW every vehicle listing posted on LeaseTrader.com. You may read a listing before anyone on the LeaseTrader staff does. You can expect these areas to include information and opinions from a variety of individuals and organizations other than LeaseTrader. We do not endorse or guarantee the accuracy of any listing. Responsibility for what is listed in LeaseTrader lies with each user. You alone are responsible for material you post. By using LeaseTrader.com you agree not to post or transmit any defamatory, abusive, obscene, threatening, misleading, or illegal material, or any other material that infringes on the rights of others or interferes with the ability of others to enjoy LeaseTrader. We retain the right to deny access to anyone who we believe has violated these terms or any other term of this agreement. Although LeaseTrader cannot monitor all the listings in the LeaseTrader.com site, we reserve the right (but assume no obligation) to delete, move, or edit any postings that come to our attention that we consider unacceptable or inappropriate, whether for legal or other reasons. We will not, in the ordinary course of business, review the content of private electronic messages that are not addressed to LeaseTrader.com. However, we will comply with the requirements of the law regarding disclosure of such messages to others, including law enforcement agencies.
You will not use the service to violate the copyright, trademark, or other intellectual property rights of any person or other entity. By submitting material to LeaseTrader, you are representing that you are the owner of the material, or are making your submission with the explicit consent of the owner.

Communication During Transaction
LeaseTrader is not involved in, and is not responsible for, the actual transactions between the Transaction Parties. LeaseTrader has no control over the quality, safety or legality of any of the Leased Assets posted on the Web Site, the truth or accuracy of the information about the Leased Asset, or the ability of the Current Lessees to assign, or of the Prospective New Lessees to assume such Leased Asset. We also cannot guarantee that either party will complete a Lease Transfer transaction. In the event that you have a dispute with one or more members of the Transaction Parties, you hereby release LeaseTrader, its officers, directors, employees, affiliates, and agents (collectively "LeaseTrader Affiliates"), from all claims, demands and damages arising out of or in any way connected with such disputes.
In addition, Current Lessees and Prospective New Lessees negotiate for the potential Lease Transfer of Leased Assets on an anonymous basis. Accordingly, there remain risks of Prospective New Lessees or Current Lessees acting under false pretense. LeaseTrader cannot and does not confirm or verify the identity of each user or that each user is who or what it claims to be. We expect that you will use caution when using this Web Site and the Services.
LeaseTrader does not represent or guarantee the truthfulness, accuracy, or reliability of any of communications posted by other Users or endorses any opinions expressed by Users. You acknowledge that any reliance on Material posted by other Users will be at your own risk.
User shall be solely liable for any damages resulting from any infringement of copyrights, trademarks, proprietary rights, or any other harm resulting from any uploading, posting, or submission. Furthermore, you may not list any item on our site (or consummate any Lease Transfer that was initiated using our service) that, by paying to us the transaction fee, could cause us to violate any applicable law, statute, ordinance or regulation.
You agree not to take any actions which may undermine the integrity of LeaseTrader's feedback system, such as leaving negative feedback if a user fails to perform some action that is outside the scope of the Lease Transfer transaction.
 

RATES
LeaseTrader reserves the right to revise rates, terms and specifications contained in the current listing rates.

PAYMENTS
Credit Card
-We accept all major credit cards, including Visa®, MasterCard®, American Express®. Please be sure to provide the exact billing address and telephone number that your credit card issuer has on file for you. Incorrect information may cause a delay in the processing.

Disputed credit card transactions, will be charged a minimum fee of a $100.00 each time a billed transaction is disputed, plus any collection and/or attorney fees plus court costs associated with any deviation of our fee structure.

All processed and billed program and fees are considered rendered and Non-Refundable.

REFUND POLICY
All Fees Billed and Collected by LeaseTrader are NON-REFUNDABLE.

IMPORTANT LEASE INFORMATION
All lease transfers, terminations, and assumptions require the approval of the Financial Institution listed as the Leasing Company on the ad or as the "Lessor" or in the lease contract. Some financial institutions charge fees in connection with transferring a lease. These fees are separate from any fees paid by you to LeaseTrader and are solely YOUR responsibility.

* The definition of an initiation of a lease transfer process is when any of the followings occur while the vehicle is actively being advertised or once the vehicle has been removed from the LeaseTrader website:
when a buyer takes over the sellers’ car, the seller requests to start the transfer process, the buyer requests to start the transfer process, the seller and buyer both agree on moving forward with the transfer process, the seller supplies the buyer with the leasing company's credit application, the leasing company provides the buyer with the credit application, the buyer completes and submits the credit application to the leasing company or whichever occurs first.
The transfer process could ultimately result in any of the following: a transfer of equity, a lease assumption, adding a buyer to the lease contract, the selling of the car, the transfer of the leased vehicle, or when a buyer takes over the sellers’ car.
 
** Failure to update the vehicle status to transferring mode (informing LeaseTrader and website users of the initiation of the lease transfer) and/or failure to pay the Buyer commission fee by the Buyer, and Seller commission fee by the Seller, could result in a penalty fee of $100.00 to each the Buyer and the Seller for every applicant that goes through the process of having their credit verified. Applicants are having their credit verified in order to contact the seller, who is actually misrepresenting their vehicle. Additional penalties could be enforced for all expenses incurred by LeaseTrader resulted from and not limited to credit verification, and the continued marketing of the vehicle.


Disclaimer of Warranties and Limitation of Liability.
IF YOU RELY ON THIS SERVICE OR ANY MATERIAL AVAILABLE THROUGH THIS SERVICE, YOU DO SO AT YOUR OWN RISK.
YOU UNDERSTAND THAT THERE MAY BE DELAYS, OMISSIONS, INTERRUPTIONS, INACCURACIES, AND/OR OTHER PROBLEMS WITH THE INFORMATION, PRODUCTS, AND SERVICES PUBLISHED OVER THIS SITE.
THIS SERVICE IS PROVIDED TO YOU "AS IS." LEASETRADER AND ITS AFFILIATES, AGENTS AND LICENSORS CANNOT AND DO NOT WARRANT THE ACCURACY, COMPLETENESS, CURRENTNESS, NONINFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE INFORMATION AVAILABLE THROUGH THE SERVICE (OR ANY INFORMATION, GOODS OR SERVICES THAT ARE REFERRED TO, ADVERTISED ON, OR SOLD THROUGH THIS SERVICE). NOR DO THEY GUARANTEE THAT THE SERVICE WILL BE ERROR-FREE, OR CONTINUOUSLY AVAILABLE, OR THAT THE SERVICE WILL BE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
YOU EXPRESSLY UNDERSTAND AND AGREE THAT LEASETRADER AND ITS AFFILIATES, AGENTS AND LICENSORS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF WE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (i) THE USE OR THE INABILITY TO USE THE SERVICE; (ii) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE SERVICE; (iii) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; (iv) STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SERVICE; OR (v) ANY OTHER MATTER RELATING TO THE SERVICE.
YOU AGREE THAT THE LIABILITY OF LEASETRADER AND ITS AFFILIATES, AGENTS AND LICENSORS, IF ANY, ARISING OUT OF ANY KIND OF LEGAL CLAIM IN ANY WAY ARISING OUT OF OR OTHERWISE RELATED TO THE SERVICE SHALL NOT EXCEED THE AMOUNT YOU PAID, IF ANY, TO THE SERVICE FOR USE OF THE SERVICE. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SOME OF THESE LIMITATIONS MAY NOT APPLY TO YOU.

MISCELLANEOUS
No spamming. You agree not to gather any e-mail addresses through LeaseTrader.com for purposes of spamming. By submitting material to LeaseTrader you are permanently granting LeaseTrader all rights to the material, including the right to modify the material, to use it commercially, and to maintain the material in an archive. This Agreement has been made in and shall be construed in accordance with the laws of, the State of Florida. By using this service, you consent to the exclusive jurisdiction and venue of the state and federal courts in Miami-Dade County, Florida in all disputes arising out of or relating to this Agreement.

I certify that I am an adult (21 years old) have read the Visitor Agreement, accept all of its terms and conditions and can enter into this Agreement.

 






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