e-Help Report: Get Me Out Of This Car Lease!

What do you do if you're leasing a car and finding it hard to make the payments?

We've been getting e-mails from viewers struggling to keep up with their car lease payments. So, what can they do?

Your first step is to keep making those payments. You DO NOT want to go into default. In order to be able to afford your car payments, arrange for a payment plan.

You might also consider arranging for a lease transfer. It can be a win win for both you, and your leasing company. Swapalease.com hooks up car lease buyers and sellers online. Scot Hall of "Swap a Lease" walked us through the steps.

"The person who needs out of that lease needs to find somebody interested in taking the remainder of that lease off of their hands," says Scot. "That would be step one."

Step two would be to ensure your leasing company, in handling the negotiation, conducts a credit check. The leasing company wants to ensure the person taking over that lease is at least as credit worthy as the person trying to exit that lease.

The third and final stage of the lease transfer process is the documentation state (A.K.A. paperwork) where everything is officially transferred.

The most important thing in a lease tranfer transaction is to follow the rules that have been laid out by the leasing company. For more information or to arrange for your own lease transfer, check out www.swapalease.com or www.leasetrader.com. There, you can find thousands of cars available for lease transfer... from economy to ultra deluxe.