Haven claims to offer extremely high end lease swaps. We’re talkng supercars as a niche plus the higher end German type luxury vehicles. They have a lease consignment contract where depending on your vehicle… assuming they’re confident in their ability to monetize it… they’ll contractually make your payments until they can place the vehicle with a new party that gets approved by the finance company for takeover. Thet make money by charging a fee for the new party to get into the car. I have been approached by them and was wondering if anybody has had experience or heard about their reputation? I’m not seeing much online. I’ve read through their contract and seems pretty basic including guaranteed payments of my vehicle until someone else takes the lease over. That said you sign limited power of attorney handing them control over your vehicle. They garage it and even rent it out (after a month or two) to help them recoup some of their obligations. They also offer complete mileage overage compensation if they end up keeping your car until lease end. It seems like their clients are athletes and celebrities in LA that are willing to pay a premium to get into a short term lease without the headache. I’m tempted to do this but I wanted to ask if anyone else has insight. I’m also aware that Mercedes Benz would frown on something like this, but I’m not entirely sure they would even find out about it and if they did I’m not sure they would do anything.
Jeff from Haven phoned me trying to get my Merc with them as well. I am exceptionally sceptical about them and said that to the guy. He wanted me to send my car out to LA from Texas on the back of him having 2 cars on their website.
I can see how they’ll make their money, via Turo or similar, but while they may pay your monthly who controls the rental mileage and damage or wear and tear issues? So many possible problems, the major one is if they go bust the best case scenario is you get your car back with loads more miles and issues and in a worse situation than before. Why not just Turo it yourself and you take out the middle man?
The interesting thing is he never mentioned the car rental factor to me, even when I said I can’t see where you’re making your money. He kept on saying that LA is the car capital of the world and it would be easy to sell.
I wouldn’t touch them with a barge pole.
So you hand over your car and assign them power of attorney but they don’t actually legally take over your lease and absolve you of your commitment to the lender? Gee, what could possibly go wrong?