Early Termination
Lease Transfer
Browse cars available for transfer... JOIN FREE TODAY!
Swap-a-Lease UK facilitates car lease transfers, helping lease users exit their leases early by matching them with buyers looking for shorter term, deposit paid leases. Membership is free for buyers, while sellers pay a £39.99 listing fee and a succes fee upon lease transfer completion.
The platform connects creditworthy buyers with lease sellers, ensuring a smooth transition process managed directly by the leasing companies.
£359.79 per month for 36 months.
£559.00 per month for 48 months.
£499.00 per month for 23 months.
£550.00 per month for 8 months.
£498.00 per month for 13 months.
£753.20 per month for 22 months.
£577.90 per month for 39 months.
£478.65 per month for 26 months.
£552.08 per month for 23 months.
£759.31 per month for 24 months.
A Comprehensive Guide to Novation and How to Transfer Leases
What is Novation?
Novation involves transferring lease agreements between businesses. It's a vital process ensuring smooth transitions, especially during mergers or acquisitions.
Why Novation Matters?
Novation is crucial for businesses undergoing changes in ownership or structure. It ensures seamless transfer of lease obligations to the new entity.
Key Criteria for Novation:
Novation usually involves two limited companies like LTDs, LLPs, or PLCs. Typically, a minimum of six months' lease term should remain. Both parties must maintain solvency. The contract terms remain unchanged. No arrears should exist in the current contract. The addresses on documents must match those on Company’s House records. A credit check is mandatory for the new leaseholder.
Navigating the Novation Process:
Each funder has it's novation process, always contact them in the first instance.
ALD: 01179 086472
Alphabet: 03700 120392 (option 4)
Arval: 03706 004499
LeasePlan: 03444 935811
Leasys: 03445 614611 (options 1 then 4)
Lex: 03448 796633
Mobilize Financial Services: 03330 090230
Novuna: 03444 632900
Santander: 03301 348751
Novation is a vital process for businesses navigating changes in ownership or structure. Understanding the criteria and process ensures a seamless transition of lease agreements.
Why did we launch?
When you're stuck in a surplus vehicle lease contract, early termination penalties are often prohibitive and finding the cash to pay them can hurt. These days many leasing funders actively supported lease transfer although they don't always advertise the fact. Some will even help individuals find businesses to take their lease on.
What do we do?
Swap-a-Lease is designed to enable individuals and businesses to avoid the significant costs associated with the early termination of contract hire or other lease contracts, matching them with buyers searching for lower cost, deposit paid, short-term and cheap leasing deals.
How does it work?
Lease sellers advertise their leases and potential [must be creditworthy] buyers register their interest. We charge sellers a small advertising fee £39.99 to list the lease and when a transfer is completed with the company that owns the vehicle and buyers and sellers are both happy, we charge a success fee equal to 2 months rentals. If there isn't a suitable match at any time we reccomend members set up a 'Notify Me' and we'll do our best to find a match in our network.
Who benefits?
There are almost 20,000 registered Swap-a-Lease members, some have had multiple vehicle lease transers from us, some have transferred their leases before moving abroad and others have been recommended by friends and family. We'll always do our very best to find the solution for your specific car leasing needs whether you are a seller or a buyer, join FREE today!
Please Note: Swap-a-Lease is a car lease transfer marketing platform that connects registered buyers with registered sellers. We do not own any of the car leases listed. We are not authorised to provide financial or legal advice. We do advise all members to check all their options with the individual leasing company concerned and take independent motoring, legal and financial advice before making any decisions concerning contract hire, other vehicle lease or vehicle hire contract agreements. 02/03/23
