Early Termination

Lease Transfer

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    car leasing and contract hire transfer portal - www.swap-a-lease.co.uk
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    "When a colleague told me he found his Mercedes lease on Swap-a-Lease and he didn't have to pay a deposit. I was on it in a flash."
    Harry Richardson, - Your Comms

    Easily Transfer or Take Over a Car Lease Today

    Exit Your Lease Early or Find Affordable Short Term Leases

    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.

  • Join Free as a Buyer or List Your Lease Now! - CLICK HERE
  • 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