How does lease transfer works?

@toyo Toyota lease transfer is painfully slow, everything is done through mail, bad communications (you won’t get status updates) etc. Ive heard it will def take minimum 1 month but can take up to 2 months to do. That’s a long time to sit there and wait without getting updates.

By the way, you can call either swapalease or lease trader’s customer service and ask their opinion on toyota’s process, they will tell you it takes time.

Speaking from experiences, craigslist and forums won’t get you out of your car quickly. I tried for 3 weeks and no interest, then put it on SAL and had someone take my car in days. So it’s up to you, SAL cost me $100 but i was out of a car quickly, but it doesn’t hurt to try the free places, i just didn’t have any luck with them. I chose to do it based on a suggestion on this forum, i was told “you have to go to a marketplace where people are looking to do what you’re trying to do”. He was 100% right, either swapalease or lease trader. I chose swapalease because it was cheaper.

Also, based on a quick look and this for example:
http://www.swapalease.com/lease/details/2015-Toyota-Camry.aspx?salid=1003505

Your payment is a little high compared to other listings on the site. If you wanted to move the car “quickly” you’d have to be closer to $200/mo in my opinion. Which means you’d have to give an incentive of about $700 and prob have to pay the transfer fee (i think it’s $200-$250 with Toyota). Unless of course you really have 30k mi/yr left, in that case you might find someone who really needs ALOT of miles which he won’t get on any other lease and for that type of person the $240/mo would be a bargain. I have a feeling it was a typo though. You can also just list it at your payment but given that there many cars on there that are cheaper or better equipped at your price it would not be a quick transfer.

Here’s prob your closest competition because it’s in CA:
http://www.swapalease.com/lease/details/2017-Toyota-Camry.aspx?salid=1104697

Yes it has 30 months left but the payment is $200/mo.

2 Likes