- LeaseBusters is a Canadian company that acts as the gateway between people trapped in a car lease and people who want to purchase a vehicle. They call it a "lease-take-over." A lease-take-over happens when the balance of an existing vehicle lease as well as all the original terms and conditions of the original lease transfer to a replacement customer. LeaseBusters helps to facilitate the lease-take-over.
- It is commonly known that auto leases come with many restrictions. That's why it's important to know what restrictions you're willing to incur before acquiring a lease-take-over. Consider some of these details: how much time is left on the lease, how many kilometers will you put on the vehicle, are you willing to make a down payment or will the client pay for you to take over the lease, will you or the client pay the transfer fees, is there a security deposit? Knowing your limitations will make the selection process much easier.
- LeaseBusters has a search form on their website which allows buyers to select a style of vehicle, a particular model, transmission type, foreign or domestic vehicles or by location. You can then narrow things down from the search results (see Resources below).
- LeaseBusters advises customers to do business directly with one another. While they provide the platform in which to perform the transaction, they don't act as an agent to move individual vehicles.
- LeaseBusters recommends using Searail as their preferred car shipping vendor, but buyers and sellers are free to choose their own shipping method. They must decide between themselves which shipper to use and who will be responsible for the shipping expenses.
- LeaseBusters has three different packages for car dealerships. They are tailored specifically to fit the dealerships level of commitment to the Lease-Take-Over remarketing process.
