Blog by SwitchTrader.com

How do I list my vehicle with Switchtrader.com?

To list your vehicle, first login then click on the  Post A Vehicle tab from our home page. Follow the three-step listing process where we request the following: (1) contact information, (2) vehicle information and specific information about your car lease and other comments you might want to make about the attributes of your car.

At the end of the data entry process you will be asked to choose between our two listing packages, (a) Standard package (b) Premium Package, both packages provides for maximum exposure on our site however our Premium package allows you to upload and narrate a short video about your car in addition to uploading digital pictures. The standard Package allows you to upload digital pictures only. A fee corresponding to the listing package you selected is collected through a safe and secure credit card transaction process on our site. If you have any questions or difficulties during the listing process, please Contact us at support@switchtrader.com for assistance.
How much does it cost to use the services of Switchtrader.com?

Two types of seller related fees are involved in the lease transfer process. These include seller registration to include the choosing one of our two listing packages and success fees for Switchtrader.com and separately, lease transfer fees and credit application fees charged by the leasing finance company involved. Leasing companies fees vary between companies so contact the leasing company involved and ask about their transfer fees. (link…find your leasing company)

Switchtrader.com offers two listing packages for auto lease sellers. Our Standard Package Membership for $49.95 which is good for 60 days and our Premium Package Membership for $99.95 which is good until the vehicle sells. Once a Seller and Buyer agree to make a lease  transfer, Switchtrader.com then collects a $129.95 success fee. The Success Fee will be collected upon the initiation of Lease Transfer and is nonrefundable. However, in the event a Lease Transfer is declined by any party for any reason, Switchtrader.com will credit $129.95 towards future Lease Transfers for the Seller. Switchtrader.com provides guidance throughout the lease transfer process.

Should I upload actual pictures of my vehicle?

It’s optimum if you upload actual digital pictures of your vehicle instead of using  stock photos, remember, a lease buyer is interested in seeing the actual vehicle being offered and not a representation thereof. Take digital pictures of your car from different angles including the interior, under the hood, and in the trunk.

How do I find my listing on after I’m finished?

A lease Seller can view their vehicle listing two ways, (1) Sign-in with your username and password chosen when creating your account, this will take you to your Account Management page, you then select “view listing” to see your ad. (2) Click Vehicle Search and enter your Switchtrader.com Vehicle ID into the appropriate area on the page when prompted.

How do I edit my listing?

A lease Seller can edit their listing or update their contact information after Sign-in with the username and password chosen when creating the account. Once on your Account Management page go to Seller Cockpit and click on the Edit Vehicle tab. Simply change any details and press on the submit button at the bottom of the page. The process follows the same steps you followed when you first entered your information.

To update your contact information, go to the My Profile section on the My Account Management page and make any changes required. Be sure to press the SAVE button to ensure changes are saved.

How do I extend my listing?

Our Standard Package which runs for 60 days is automatically renewed unless you notify us support@switchtrader.com at least 5 business days before your renewal date informing us not renew your ad. Our Premium Package does not expire until your car lease is transferred or you decide to pull your ad. Listings can be cancelled before the ad period expires however listing fees are nonrefundable.

How do I cancel my listing?

Contact us @ support@switchtrader.com we will cancel and remove the listing from our site, be sure to provide the vehicle ad number.
How do lease buyers contacts me?
Lease buyers have two ways to contact a lease seller (1)  Using the Switchtrader.com internal e-mail system “button” (2) Using the Switchtrader.com “Contact Seller”  “button” which provides lease buyer access to a lease sellers name and phone number for direct contact. Only registered  lease buyers have access to lease sellers listed e-mail, name and phone number. Lease sellers have immediate access to all registered lease buyers and can sort through the lease buyers “wish list” section for choices.

Should I offer an incentive to a lease buyer?

It’s always a good idea to offer incentives to motivate a potential lease buyer, this can be in the form of absorbing (a) possible transfer fees charged by the leasing company (b) possible vehicle transport costs from state to state or (c) make a direct cash offer. If your lease payment amount is not competitive to comparable vehicles on our site, and or if you have more mileage than your contract allows then certainly incentives will offset your negatives and improve your chances of someone assuming your lease.

Are all liabilities transferred to the buyer?

(a)Some lease companies transfer from the auto lease seller to the auto lease buyer 100% of the liability thus releasing them completely however some lease companies retain the original lessee as a secondary guarantor. Needles to say this policy is unpopular and is employed by only a few companies.

(b)The primary responsibility and liability remains with the lease buyer as the primary guarantor on the lease contract. The original lessee stays on the contract as a secondary guarantor.

(c)In the event the vehicle is stolen, damaged or considered a complete loss by your insurance company, the lease buyer and current lessee’s insurance will cover the damage or loss. Lease companies ensure their vehicles are adequately covered for such eventualities.

(d)If the lessee’s insurance does not cover the loss or damage 100%, the lease companies utilize ‘gap insurance’ to cover the amount between the insurance payout and the full payment value. You can see this lease feature on the back of your lease contract. Being a secondary guarantor is safer than you might think. The responsibility is 100% your to these details with your lease company as policies do vary and change between companies.