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I listed my leased car on their website. Their advertised information states the following: “Lease trader fees are very simple and very affordable; there is an upfront cost when you list your vehicle for take-over of about $89.95 and a commission of $249.95 when the lease is transferred. A $100 instant rebate is available to those who pay the commission when the transfer process begins. Check out more details visiting seller fees.” Based on this information, I advertised on their site. I was charged their fees. But when the buyer withdrew his offer to transfer, they refused to refund my money although the lease was not transferred. It clearly states "When the lease is transferred."
I used leasetrader.com to see if I could find a buyer for my lease. I signed up online for a onetime fee of $39.95. No takers on my car and three months later I was charged $109.00 on my credit card for pictures of my car that I never uploaded and a request for a Gold advertisement I never requested. I never received an e mail responding to my inquiry about the legitamacy of the charges. Long story short, this company takes liberties with your credit card information and then threatens to sue when one refuses payment.
I was out $109.00. I paid this amount for absolutely nothing.
I placed my car add with Lease Trader.com. They right away charged me $80 to place the order. They claimed that any buyer they refer to seller is credit certified by them. I got a buyer who was interested in taking over the lease for my car. In order for us to proceed, lease trader charged me $149 for the transfer process and they also charged the buyer a $25 credit verification fee and another $150 for the transfer process. Later in the process the buyer was rejected by the leasing bank because of his credit problems.
Lease Trader during the whole process were non commited to the extent that they did not even purse the application process and leave at the buyer and seller to do all the leg work. In other words they charge thaeir fees and dont bother to provide any service. I will not recommend Lease trader to anyone because they are only interested in getting as much money without providing any service. A perfect example is as soon as you are registerd with them, you will statrt receiving e-mails from them as to how you can improve your chance of selling your car by buying additinal packages from them at additional cost and yet on the other hand they did not bother to send a single e-mail notifying of the sale process.
LeaseTrader Company Information
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