LeaseTrader

If you're willing to throw your money away this is the right place for you. This website is a scam, I don't really know how is possible that they're still live online. Just took my money and after 3 months never found a client for my car. Please, Please, Please.... read the fine prints before pay anything. This scam is very well orchestrated.

LeaseTrader charge $40 to run your credit then fail it on until you agree to pay lease transfer commission upfront! Once you agree they pass your credit and once you talk to owners deals don’t exist. Company uses bait and switch scam..charges commission upfront on deals that never existed and basically laughing and make fun of you when you request you money back and this is continues with all customers and nothing gets done to stop this scam.

This place is essentially a dating website filled with chatbots. They just lure you in with cars that don’t exist. You’ll be throwing your money away if you sign up. I didn’t heed the warnings on this site, even though I read them. I figured why not try? Here I am. Complaining online.

Shortly after I looked into having my lease from a 2018 Mustang taken over by another party I looked into LeaseTrader. Not long after I gave them my general information they e-mailed me stating that my car was in great demand and to subscribe immediately with said demand being so high. I had thought that was a true statement and I paid the fees to LeaseTrader. But, they was just trolling, they had no such demands and I was taken. They have a no money back policy, which should have set off a red flag. Bottom line, skip these parasites!

I wish I had read this before I signed up. Not only do they not do background checks on the people that post the cars, they charge an ADDITIONAL $249 for a transfer. READ ALL OF THE FINE PRINT PRIOR TO WORKING WITH THESE PEOPLE.

I created a membership with LeaseTrader because there was a specific vehicle I was interested in. The owner only put up minimal information because they were unsure if they actually wanted to list it and I guess they wanted someone to make them an offer they couldn’t refuse. I paid the $60 for six months in order to communicate with the seller. As soon as my application was approved, the listing was somehow no longer in there. I called to cancel and they said there is absolutely no refunds because they are charged to run a credit check. Clearly they are baiting people with extremely great deals in order to get them to sign up. I decided not to do any business with them because of this and now I am out $60.

I recently applied to be a car buyer after having paid a membership fees of around $47 but was denied stating "lack of 'minimum credit requirement." I have a score of 773. I have ZERO debt. I have a fully paid off condo and a car. I have a corporate job that pays me well over 10 times my potential monthly car lease payment would be. I have never had any collections ever. I have a credit card history of 10 years with no late payment. My last year's credit card bills were around 50% of the total value of the car I intend to lease which I have paid off every month on time. I still get denied! To make matters worse I am told to have my wife be a co-applicant who has equally good score and track record - so I pay another $30 for her credit check and they 'fail' her too!! This looks like a scam where they make money off of such membership fees! AVOID!!

I got a new job at the start of the year and needed a car with more miles per month, so I posted my BMW to find someone to take over the lease and actually started looking for a car. There were 2 people interested 3 days later. I was willing to cover the transfer fee so this could happen quickly. We just transferred my lease this week and today I'm picking up the Honda I took over. It took 2.5 weeks. I hesitated at first to use them because I saw some reviews that made me nervous, but I didn't have any issues with LeaseTrader. It cost me $99 to post my car and $149 when the transfer started. And I would recommend calling them because they walked me through the process. This was my first time transferring a lease.

They have almost no real listings, so not worth paying to "contact sellers". Even if you see a car you like chances are you won't be able to lease it and there are very few options in any category. Wast of money.

A nice idea, but - I paid for an inspection of the car... They did not notice two lights were broken, a tire needed replacing, and the bottom splash card was torn asunder, only to fall off entirely a week into my owning the car. What did I pay for? They never told me in order to register the vehicle I'd have to get a SECOND inspection because the first one wasn't in Maryland State. And to pass that I had to pay $100 to get window tinting removed as well as the inspection fees itself. I paid to be walked through the process. It's very hard to reach anyone.

I don't understand the reviews people make. Based on my experience the company was excellent. I am on my second transfer - I have nothing but a good review for the company - unlike other websites, LeaseTrader filters buyers by good credit and bad credit. This is very important. The first person taken over my lease was credit approved by BMW - Swapalease gave me 11 people with no credit - that was a waste of our time. LeaseTrader is worth the money. My advice if you don't have credit don't waste our time.

This website is a hoax. Please advertise through lease swapalease.com. All fees are non-refundable so please be careful and read all the terms before signing up. Customer service is very bad and they don't appreciate the customers. They never help in the process and the call is about how to charge more money.

LeaseTrader won't issue refund based on false advertisement. Paid member fee based on advertised lease take over price and terms. Overnight this lease take over terms were changed rendering my membership useless. Called and spoke with a man who was unwilling to be professional and address a customer’s concerns. It was a bait and switch with lower pricing and changed once I paid member fee. Horrible customer service.

I just created an account on this website to put this out here: DO NOT SIGN UP ON LEASETRADER. It is an absolutely disgusting scam with outrageously uneducated and inexperienced customer support. They charge you money to buy a subscription but don't let you contact vehicle owners unless you go through a credit check for which they have hidden fees and will charge you 40 bucks. Their customer support literally needs lesson in behavioral management and customer service. Their support is absolutely nonsense and their customer support people have a serious attitude problem. My advise: Stay away.

Please STAY AWAY from LeaseTrader! I'm not one to write reviews, in fact, this is the first review I've written because I felt it would be unfair not to warn people about this fraudulent company. So to start with, not only do they have terrible customer service but they literally steal money from you by charging fees every way they can. In my particular case, I was about to transfer my lease to a potential buyer (after being on the website for more than 11 months) to initiate the process the seller needs to fill out a document and pay a $150 fee which I was willing to do if the car got transferred. Last minute the buyer decided that he was not going to take the car but LeaseTrader charged me the $150 fee anyway and claimed that was to initiate the paperwork, even though no paperwork ever got filed since the buyer never went through with taking over my lease.

PLEASE read this. Do not do business with this company. I read the negative reviews ahead of time, but I decided to go forward thinking all the complaints were from people who didn't read the fine print and then were angry afterwards. Let me tell you, I read the fine print and I still got hosed by this company. I am very meticulous about reading agreements and thought I knew what I was signing up for. Not the case!

I paid for a 3 month membership thinking my 700 credit score would be sufficient to be approved. Failed. After trying again with updated information they wanted to charge me 30 dollars again just to re-run a soft pull on my credit. This site has scam written all over it. Save your money!

From reading the services listed on their website I was under the impression that they were a mediator that would help facilitate the transfer process but they are not. If you want to list a car and potentially find a buyer you can use them. If you're unsure of how the lease trading process works, they are very unhelpful and expensive. $200 to list your vehicle, $20 a month for the search engine submission. If they find a buyer it's another $250 commission fee, $120 if you'd like the "concierge service", and $150 for a vehicle inspection. These are just seller fees. The buyer is subjected to their own fees.

First I paid $35 for a two month subscription (there's no guidance as to what package to buy on the site and I only wanted one car that I had seen on there). So I did that (I failed the first credit check and had to pay $30 more for a second one) - who charges for a credit check??? WARNING: Watch for the auto renew setting which defaults to YES without notifying you. Once I had that I found out the car I wanted was no longer available and hadn't been for some time. There are very few cars that I wanted on there and the two I saw that were vaguely close to what I wanted have both failed to respond to any communication through the 'Buyer portal'. So I completely wasted a month and $65 - and don't bother calling them - they're abrupt and unhelpful.

I joined for a month account paying around 39 dollars (don't remember the exact amount). I shortlisted a car (some like 8 months, and 250 dollars a month), they wanted to do credit check (I really don't understand why they need a credit check for 2000 dollars, it is very weird!), and said that I failed the credit check - but said that they can't give any details!

I am shocked with the way they handle a car transfer. From not answering the phone to transferring you to the 3 man operation. All 3 were rude and disrespectful. The reviews on this company are 100% true. Don't waste your time and money. They talk back, talk over you, and try to belittle you. No one should go through that if you are a paying customer.

STAY AWAY FROM THIS SITE. They show you attractive deals and then when you want to contact the seller, they want your credit card info. I played along and lo and behold, that car lease I wanted to take over had just been purchased by someone else. Scam, scam, scam. The car, according to the LeaseTrader site, had been on there for 4 months and just by wild coincidence the car sold within the 1 hour it took for them to approve my credit. If it smells like a duck and looks like a duck, it's a duck. They're just figuring out how to charge you a membership fee for nothing.

On June 27, 2015, LeaseTrader charged me $19.95 for service I did not order, and threatened me with legal/collection action if I contested the charges. Because of this, I canceled the ad I had placed with LeaseTrader that was to last until my vehicle was successfully leased. I never received any material services from LeaseTrader, and I canceled my service with them and removed my ad on June 27, 2015.

I signed up to get out of my lease. I was charged for an additional service (as a Buyer) that I did not purchase. I contacted the company to have the charge removed and was told that approval would need to be obtained to remove the charge. Interestingly, I was only disputing approximately 15% of the total amount charged. As I did not feel that the company was going to remove the charge for Buyer services, I contacted my credit card company to dispute the portion of the charge for Buyer services. My credit card company informed me that the matter had been resolved.

I was told by Lease Trader that it was very simple to trade your car over. That the car companies would do a transfer with no problems. What they didn't tell me and I had to find out by researching was the below. ** As you can see the seller is still held liable for the car even after it is traded. This is a big risk to the seller. I am glad that I came to this site and researched Lease Trader before I signed up with them or any other lease trading company. I hope that other people are smart enough to do research first before conducting business with any company. Good Luck to all.

The purpose of this post is express my distaste for the services provided by LeaseTrader.com. LeaseTrader.com is nothing more than VERY expensive gimmick. The lure in to the notion that they "handle" the lease assumption process when all they do is charge outrageous fees for nothing. Now one would expect that with such fees would come some perks... this could not be further from the truth. The only thing that LeaseTrader.com does is makes an easier process overly complicated while collecting huge fees. I also forgotten to mention that they require you to be pre-approved with them which means they collect all of your personal information and do a credit check. This downright comical because they do not do the actual approval rather the institution that is holding the lease does the approval. All they are doing is collecting your information and selling it for advertising and informational purposes. Don't waste your time and money on such a pathetic, useless and unnecessary service.

ABSOLUTE RIP OFF. First you are made to pay a fee to join as a buyer, even if you have already paid once to join as a seller. Only after paying this fee that AUTO RENEWS every month by default, I was still unable to directly contact seller by calling the number or by emails, but only through writing which they filter and most messages will not deliver. Also can't ask for any more info like Carfax that can only be sent by seller via emails. Anyways, you gotta pay twice... exorbitant $35 for initial signup as buyer, and then again some more $$$ for credit check. Why in the world is my credit needed to contact seller after I have already paid $35?

LeaseTrader is absolutely rip off. Even after paying the fee to join, I was still unable to directly contact seller by calling the number, only through writing which they filter and most messages will not deliver. You must submit to them all your personal information including your social security number to be approved to call the seller. Also besides the fee, they have an outrageous commission you have to pay if you will get the vehicle. Extremely disappointed. And they do not tell you about all these steps and fees before you sign up and pay first membership fee. Absolutely outrageous. Do not waste your time and money with them. There are plenty of sites to post, I will not be saying which ones as to not promote other site.

I signed up as a member. They requested my credit information which I refused to supply and am glad I did not do so. I never got any responses to my questions from the two cars I was interested in . I was told I would have received responses if I provided my credit information. As a result, I got no value for my membership. Then I was advised by email that my membership was automatically extended month to month at $20/month and that if I refused, I would be subject to debt collection and reporting to the credit agencies. Stay away from these guys. I can only imagine what would have happened if I leased a car!

LeaseTrader lures customers by promising to help them get out of a vehicle lease easily (potential seller) or to helping them acquire/assume a vehicle lease (potential buyer) easily. This implies a transfer of lease responsibility and therefore cannot be done without involvement of the lease/finance company, assuming this company would allow it. The website wording is crafted to make customers believe that LeaseTrader will assist during the entire lease transfer process and that you just sit back and relax. Their wording is almost indicative that LeaseTrader will act as a transfer agent. This is absolutely not so. Both seller and buyer need to deal with the lease company directly to affect a transfer. The only thing LeaseTrader actually does after you enter into a so-called transfer process with them is tell you to contact the finance company yourself and process all transfer documentation directly with them.