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FAQs


FAQs for Sellers


Listing your vehicle on Flipalease.com is easy; all you need to do is click on Exit A Lease on the top menu from any page on the site. From there you will be led through a simple three-step listing process where your car information, basic lease information, and your contact information are provided. At the end of the 3 step listing process, then you can select from one of 3 simple listing options. Once you’ve selected the listing package best for you and submit payment, your listing will then be made public for millions of lease ready assuming buyers.
If you have any questions or concerns during the listing process, please contact us for assistance by calling us or clicking live chat located on the bottom right of every page.

Before listing your auto lease, Please have following readily accessible:
    1. Information about the vehicle which include year, make, model, style, features, current mileage.
    2. Details on the lease which include monthly payment, lease end date, leasing company, (lease contract and monthly statements are good sources for these details).
    3. Contact information Buyers will need to communicate with you which include your name, phone number, and email address.

Tip:
Remember to think like a buyer when posting your vehicle. Buyers are only interested in taking over a lease on a vehicle that fits their needs. Analyze your current lease and emphasize the benefits of your deal to others. For example, if you have a low monthly payment, special features, low mileage or low months remaining on the lease deal, make sure you highlight those points to get the buyers attention.

Communicating with the Buyer:

When a potential buyer contacts you, be sure to respond in a timely manner. There are lots of great deals on LeaseTrader.com, and if you are slow to respond, you run the risk of a buyer finding a vehicle from a different seller. Once the transfer process is initiated, a LeaseTrader transfer specialist will be assigned to you. The specialist will be available to assist you throughout the process.

There are various, simple ways for a Seller to find their vehicle listing.
You may search for your vehicle by clicking on Search Listingson the top menu from any page on the site. Another option would be to log into your FlipaLease account and clicking the My Garage button located on the top left corner of every page.

You can edit your listing or update your contact information when you Sign-In with the username and password chosen when creating your account. Once signed in go to My Garage and click on the Edit Vehicle tab. Simply change any details and press on the save button at the bottom of the page. To update your contact information,go to the Profile section in My Garage and make any changes required and click on save. Remember always to press on the save button below so that the changes are saved.

Take photos of your car from different angles including the interior. You should also take photos of the vehicles wheels, bumper, steering wheel, door, and backseat to give the buyer a better idea of what the vehicle they might be taking over looks like.
You’re more likely to get responses by posting more than one photo.
You may upload up to 15 photos to your listing. Ads with actual, updated photos are more likely to get a response.

Choose quality photos.
A close-up photo is much more appealing than a blurry or far-away image. Take the time to take a clear, well-lit picture.
Photos are subject to rejection or removal.
If you have received an email that your ad or photos have been rejected, please make sure you review the Listing Agreement. Our most common reasons for rejecting ads are:

Ad text contains personal contact information, a first and last name, email address,or a link (URL)
Ad text contains obscene, offensive, or adult-oriented language
Ad solicits for a commercial service

If you need assistance determining why your photos were rejected, you can click here to contact us. Please note that due to the high volume of submissions it may take several days to receive a response to your inquiries. Our most common reasons for rejecting photos are:
.Photo is blurry or otherwise unclear
.Photo contains obscene or adult-oriented material
.Photo contains personal contact information
.Photo is upside-down

All listings stay active until sold or unless your account is left inactive for more than 60 days.

You can delete your listing in My Garage or contact a Flipalease representative to assist you.

To contact a Flipalease representative click on the live chat button located on the bottom right corner of every page. Call us at 855-NowFlip (855-669-3547) or Email us at support@FlipaLease.com

Theirs a number of ways you can make your lease stand out.

      1. Providing a Incentive
      2. Purchasing FlipaLease Premier or Deluxe packages.
      3. Excellent photos
      4. Filling in all available fields when entering vehicle info.
      5. FlipAlease add ons

Sign up for a free Flipalease.com Buyer account. Click TakeOver a Lease located on the top of every page.

Sign up for a free Flipalease.com Buyer account. Click TakeOver a Lease located on the top of every page.

      • Just as with any product, a clean vehicle inside and out will give a great first impression. Your vehicle should be kept in ready-for-sale condition.
      • Lease Agreement and Service Records
      • Have copies of your lease agreement and service records available for buyer inspection.
      • This helps keep the buyers mind at ease knowing that the vehicle was well maintained and the paperwork is in order.
      • Remember, most dealerships and service centers can provide your records at no cost.
        Long Distance Transactions
      • Inspection and transportation services are available. Contact us if you need help finding a transportation or inspection service.

Once you’ve been contacted by a buyer, the lease transfer process can take up to 4 weeks.

Flipalease.com haves the lowest priced listing packages offere availale from $49.99 to $199 not to be associated with Bank transfer fee: Some financial institutions charge the buyer (not you) a fee $0 to $600 to process the car lease transfer paperwork. This fee varies and is payable directly to the finance institution (e.g. Mercedes Benz Credit).

Although advertising a vehicle offers no guarantees, we have a constantly updated waiting list of individuals looking to take-over auto leases. Sellers tend to receive a number applications for their vehicle. From the moment you post your vehicle, Flipalease system automatically notifies all the people who requested your vehicle that it has been put up. Flipalease haves a exceedingly high success rate as we assign a Flipalease specialist to find a buyer for your lease.

You need to sign the paperwork provided by your finance/ leaseing company. From the time a suitable candidate is found, it could take as long as three weeks to process the transfer paperwork. This is mainly due to mail going back and forth.

Bank Transfer fee: Financial institutions charge the buyer a fee of $0 to $600 to process the car lease transfer paperwork. This fee varies and is payable directly to the finance institution (e.g. Mercedes Benz Credit).

FAQs for Buyers


1. Click on Search Listings from any FlipaLease page on the top menu bar.
2. Use the “Featured Listings” or “Browse by Brand” module in our Home Page.
3. Use the “Search by Category” or “Search by Make” located on Home Page or under Search Listings page

Click the Register button located on the top left corner of Home Page or either Click TakeOver A lease located on the top of any page or Click Here.

Your Favorite

If you forget your user name or password you can either click Sign In on the Home Page and click Forgot user name or password or Check your email for your original confirmation email that was sent to you at the time of sign up.

To contact sellers simply Click on the “CONTACT SELLER” link on any of the ads you are interested in, if you are already a registered user, you just need to log in. If you are not a registered user, you will need to register and create a new account.

Follow these easy steps and you’ll be on your way to a successful experience: As a buyer, you will be assuming a lease contract.
The first thing you’ll need to do is to contact the Seller to arrange a meeting at a mutually convenient time and place to view the vehicle, the lease contract, and the service records. You should allow 45 minutes to an hour for this meeting; make sure when you call the Seller, you ask that they bring the lease contract to the meeting.

The Lease Contract: All your rights and obligations are specified in the Lease Contract, so it’s important that you understand the lease contract before finalizing a deal.

The Basic Terms of the Lease: Check the sellers contract for the ending date (the date the lease agreement ends), the total miles allowed, the cost per mile of additional miles beyond the standard allowance, the monthly payment, the end-of-lease terms including the buy-out value (buying your leased auto at the end of the lease can be attractive), any end of lease disposition fees, excess wear and tear provisions and security deposit requirements.

The Vehicle: As with any auto purchase, take a good look at the condition of the vehicle. You will be responsible for the condition of the vehicle at lease end. Unless you’re mechanically inclined, we recommend you get the car checked by a third party. Contact Flipalease if you would like a recommendation for an inspection service. Verify that the current mileage on the odometer matches what you were told by the seller.

The amazing thing about taking-over a car lease with us is that no down payment is required. You simply continue paying the seller’s monthly car lease payments to the leasing company until the expiration of the car lease term.

Until the final transfer documentation is signed by both parties you can back out at any time. Note that any fees collected by most banks and FlipaLease Inc are non-refundable.

Click on the “CONTACT SELLER” link on any of the ads you are interested in, if you are already a registered user, you just need to log in. If you are not a registered user, you will need to register and create a new account.

Yes, most car leases have a lease end purchase option. The amount to be paid (Lease End-Buyout) will be specified on the ad placed by the seller and on the lease contract (residual value or lease end buy-out). If this info is not displayed in the listing, you may request it from the seller.

Some lease contracts can be extended. For more details please contact the leasing company directly.

You need to sign the paperwork provided by your finance/ leaseing company. From the time a suitable candidate is found, it could take as long as three weeks to process the transfer paperwork. This is mainly due to mail going back and forth.

Bank Transfer fee: Financial institutions charge the buyer a fee of $0 to $600 to process the car lease transfer paperwork. This fee varies and is payable directly to the finance institution (e.g. Mercedes Benz Credit).


Can I buy a lease out?

WHY TAKE OVER A LEASE?

1. No down payment. Continue making the monthly lease payments to the leasing company until the end of the term.
2. Shorter term leases: Simply take over the remaining of the lease. Its a short-term commitment.
3. Save thousands of dollars: No down payments required. E.g. someone gave a $3500 down payment on a lease to lower the lease payments. You do not have to pay the $3500 down payment.
4. Get more cars more often: Taking over a car lease gives you flexibility to lease a vehicle for a short amount of time; therefore allowing you to repeat this action many times.
5. Mileage benefit: Benefit from the unused miles from the original lessee.

REGULAR LEASING INVOLVES:
1. A long term lease commitment, usually 36, 48, or 60 months (5 years).
2. A down payment: In most leases there is usually a down payment, which you do not get back when the car lease is over.
3.Negotiating with a dealer: You have to negotiate the purchase price of the vehicle, the term of the car lease, the excess mileage charge, and the interest rate included in the lease payment.
These are things a lot of us try to stay away from.

In both cases of leasing and taking-over a car lease, you have to make sure not to exceed the mileage allowance and not exceed normal wear and tear on the vehicle.


General FAQs

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