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Swapalease?

Discussion in 'Model S' started by cirrussk, Sep 15, 2017.

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  1. cirrussk

    cirrussk New Member

    Joined:
    Sep 15, 2017
    Messages:
    1
    Location:
    Phoenix
    Has anyone here used Swapalease to take over a lease for a Tesla? I'm looking for some feedback on the process .... what went well / what would they do different next time? Especially in regards to paperwork and registering the car in a different state than where it resides now .....

    Thanks!!

    -Sam
     
  2. Iluvpcs

    Iluvpcs Member

    Joined:
    May 11, 2015
    Messages:
    27
    Location:
    Grand Rapids, MI
    I can only say I used them WAY back in 2002-2003 timeframe to get rid of an audi S4 I had at the time and it went great as I rememebr.
     
  3. bandido

    bandido Member

    Joined:
    Apr 16, 2017
    Messages:
    10
    Location:
    Phoenix, AZ
    Hello,
    I just used them to takeover the lease on my Model S. Swapalease is just a "dating" service. They introduce the parties and then the Tesla Finance and the parties do the work. Interestingly, once the seller and I agreed on terms, I believe the seller "cut-out" swapalease.

    Anyway the actual process with Tesla is a bit annoying because it takes a few weeks compared with BMW that can be done in days electronically. Their finance department is great, but very small by comparison. Tesla made it very easy with documents first requesting the transfer. Once the parties agree, Tesla Finance will transfer the title to the new owner. They will take care of registration and taxes in your state. Be aware that the taxes will change your payment if you are in a different state. The fee was $600 to Tesla for the transfer and they then Fedex'ed me my new plates and registration. That cost is a separate fee depending upon your state, but they took care of it as though I bought the car from one of their stores. Good Luck!!
     

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