Do you have a Car Which You Can’t Afford Any Longer?
I spoke with George, a very close friend of mine the other day who is going through the same situation thousands of Americans are going through today; he is driving a car that he can’t really afford the car payments for.
George has been facing very hard times since he lost his job a few months ago. He tells me that he has many sleepless nights thinking of how he will provide for his family. He thought of reducing his expensive by selling off one of his cars but found it hard to find a buyer for the car since he also one those people with upside down car loans.
George is married with two beautiful daughters. For the past eight years, he had been working as a computer programmer for a large company. In March of 2009, his company decided to downsize in order to save money and George was one of the people the company decided to let go.
George received the news about his termination with mixed emotions. On hand, he was angry that after serving this company diligently for the past eight years, he was told about his termination via email. On the hand, he felt that maybe it was time to move on, so this was a good thing.
After a few months of searching for a new job with no luck, reality began to set in. George’s cash reserves started to get really low. At the end of every month, George had to do a balancing act for which bills to pay. He had to cut off those services which were not essential like cable TV and his eldest daughters swimming lessons.
There were two cars in Georges house, one for himself and the other for his wife. Both cars were still being paid for and amounted to about $1100.00 every month. George had considered returning the car to the dealership but was informed that it would be considered as repossession and reported as such to the credit bureaus. If he did not make his monthly payments on time that would be reported to the credit bureaus as delinquent.
George was stuck between a rock and hard place. Returning the cars was considered repossession. Making late or no payments would be delinquent and making a $1100.00 monthly payment could mean sacrificing his families comfort.
Luckily, George came across a service that offered him a solution and provided a much needed financial relief. Since George had two cars in his household, this service would assist him in finding someone willing to temporarily takeover one of his car and also make the monthly payments.
The person taking over the car would maintain the car until George got back on his feet. Whenever George feels that he is capable or resuming the financial responsible for the car, he would simply request the car back. This way George still has his good credit and better yet, has not lost his car.
If using Sidefinance.com is something you are willing to consider trying to get you some financial relief, then by all means you should get started today. At least it gives you a fighting chance to save some money, save your car and your credit
Filed under Lease Assumption by on Jan 30th, 2010. 
I CAN’T AFFORD THAT CAR PAYMENT ANYMORE
I can’t afford my car payment anymore because I lost my job eight months ago and my savings are just about depleted.
These have been extremely difficult times for me because at the end of every month I have to struggle with making a decision of which bill not to pay. Finally, last month, I made a decision that I was going to simply allow the dealer whom I bought my car from to repossess the vehicle.
My plan was to simply stop paying for the car all together because I needed the money for other things and eventually the dealer would come by in the middle of one cold night and repossess the car. I knew the implication of what I was doing; I was kissing my so far great credit bye-bye.
Fortunately a friend of mine had heard about the service which Sidefinance.com offers and told me to check it out, so I did check it out.
At first I was really surprised that a service like this even existed. The website provided a community where people who were stuck with cars payments they could no longer afford could linkup with people were looking for a car to use for a short period of time.
The more I thought about this community the more I said to myself, WOW!. This concept of this website was a brilliant idea. This site basically provides a lifeline for thousands of people who are going through financial hardship as a result of the economic problems; for me, it offered another way out. I must admit that the thought of handing my car keys to a total stranger sent chills up my spine. But then I thought about it, I can’t afford the car payment anymore, I am going to loose the darn car eventually, and on top of that my credit will be ruined.
From my point of view, the option Sidefinance.com provided for me was a fighting chance at least. If could find someone responsible to take over my car temporarily, then I could save some money, save my credit and still have my car once my financial situation changes.
After a few days of listing my car for FREE on the website I was contacted by a lady who was in town for a few months on a business assignment. She was interested in using my car for the period while she would be in town. I contacted my insurance company and told them what I was doing and they simply added the lady to my policy. It’s been a few months since then, and all has been well. I am saving my money, making my car payments regularly and best of all my credit is still in great shape. I can honestly say hat if not for www.sidefinance.com, I would have had repossession on credit report today.
Filed under Lease Assumption by on Jan 30th, 2010.
Are You Stuck With a Car Payment You Can no Longer Afford?
If you are among the millions of Americans that are financially stuck because they can’t afford their car payments any longer, you can now take a deep breath and relax.
During these hard economic times, many families have been financially devastated as a result of loss of income because either one or both income earners have lost their job. This has left many of families performing a juggling act with their various financial responsibilities each month.
There are families today that are faced each month with the horrible choice between making a car payment and actually putting food on the table. As expected, the choice almost 100% of the time is to put food on the table. However, the cost of making the decision not to make your monthly car payment is a devastating delinquency entry against your credit record; and even worse, your car may even get repossessed at the end of the day.
Sidefinance.com was created simply out of necessity. The rising unemployment was crippling families. Their was no easy way to off load the liability of a car debt without either suffering a damaging blow to ones credit or foregoing other crucial obligations and actually making the monthly car payments.
Sidefinance.com provides a network where people stuck with unaffordable car payments can link up with someone else who wants to temporarily takeover the car and makes the necessary monthly payments. The owner of the car can re-assume possession of the car whenever they feel financially capable to continue making the monthly payments.
Sidefinance.com has taken into consideration the obvious concerns which vehicle owners would have with giving their cars to someone else, and for that reason have implemented strategies that focus on protecting the value of their clients assets.
The process to get your car listed is remarkably simple. All you have to do is register your account and then create an advertisement for your car. There is a onetime payment of $29.00/ year covers administrative costs. In addition, for your $29.99, you get a free legal contract document which is well worth over $500.00 is you have an attorney draft one for you. Also you get an inspection form which allows you perform vehicle inspections for SUVs, minivan, Trucks, Station wagons etc. You also get an instructional guide on what kind of questions to ask your potential renter to ensure that you give your car to the most responsible person. For the financial relief this service could potentially provide to you in the long run, the $29.99 fee is well worth it.
Filed under Lease Assumption by on Jan 30th, 2010.
Most leasing companies follow the same procedures when it comes to taking over a car lease. What happens is that the person who wants to take over the lease applies to the leasing company who then decides to grant it or not depending on the credit rating of the person.
If your application is approved, all the necessary documents are signed by both parties: you, and the new lease buyer. Once the documents are signed and taken back to the leasing company the lease assumption process is complete.
The hardest part of taking over a car lease is finding a suitable car and “seller” because you want to be careful about every stage of the transfer process.
Although advertising a vehicle offers no guarantees, we have a constantly updated waiting list of individuals looking to take-over auto leases. Sellers tend to receive various applications per vehicle. Our automated system automatically notifies all the people who requested a certain type of vehicle the second it comes online.
Now even though we conduct basic screening and verification for all our members, to take over a car lease, you usually have to meet the leasing company’s criteria. You might also have to pay a few fees before your application is complete, though that is something you can agree on with the original seller [usually the seller agrees to pay any fees involved].
But when you’ve found the auto that fits your needs, then what? Follow these easy steps and you’ll be on your way to a successful experience: remember, as a buyer, you will be assuming someone else’s lease contract and you need to make sure everything is in order as you go along.
You will have to contact the seller and set up a meeting for a time and venue that is convenient for both of you. Make sure you allow enough time for the meeting and that you remember to request that he or she brings the lease documents to the meeting.
As with any auto purchase, take a good look at the condition of the vehicle. You will be responsible for the condition of the vehicle at lease end. Unless you’re mechanically inclined, we recommend you get the car checked by a third party. Verify that the current mileage on the car meets your expectations.
Taking over a car lease can be a very smart option to take if you need a car for a period of time. It almost always cheaper -no down payments; and usually can be accomplished with far less hassles.
Filed under Lease Assumption by on Jan 30th, 2010.
There are times when what you need is not a new car, or a new car lease, but a lease takeover. This site, www.sidefinance.com, will help you do just that. Most people wanting to do a lease takeover find that they need a little help with various parts of the process: whether its locating the right car for their situation, or getting in touch with a seller. Sidefinance will help you do any of these, greatly easing your way and probably saving you hundreds, or thousands, of dollars too.
You might be surprised to discover that locating the perfect car is the most difficult aspect of a lease takeover. If you are get past that stage, almost everything else is a breeze by comparison. It’s usually harder to find a ‘perfect seller’ than a ‘perfect car’ and that’s precisely why sidefinance was set up. We have a constantly updated database of cars and other vehicles just waiting for their leases to be assumed. Our system immediately alerts you the moment a car you asked for becomes available so you can take advantage of it right away.
One thing you have to understand though is that even though we carry out our own simple screening and authentication for all our registered members, you most often have to be passed by the original leasing company too before your lease takeover is finally complete. It might also be necessary for a few fees to be paid, though the seller normally agrees to do this.
You can also use sidefinance to get in touch with a prospective seller and set up a meeting whenever it’s convenient for the both of you. Some of the important items to request at the meeting include the original lease documents and maintenance history.
Speaking of which; make sure you go over the car itself very well. The responsibility for returning the car after the lease expires in going to be on you. And do not forget to have a look at the current mileage on the car too just to make sure it suits you.
The amazing thing about a lease takeover is that no down payment is required. You simply continue paying the monthly car lease payments to the leasing company until the expiration of the car lease term. It can be an extremely rewarding – not to talk of cost-saving- experience as long as you do it just right. Join sidefinance.com today to get started on the way to your dream car.
Filed under Lease Assumption by on Jan 30th, 2010.
Learning how to get out of a car lease before it expires can be a very costly experience because technically, you are still responsible for all remaining lease payments and in order for you to get out of your lease early without any penalties, you would need to find either an individual willing to assume the remaining portion of your lease or someone willing to buy your vehicle outright for the closeout amount at your intended time of termination.
And to make matters worse, you often end up owing more in car payments than what the car itself is actually worth on the market, which means you would have to bear the brunt of any negative equity yourself. What sidefinance.com offers to do for you is connect you to other people who are either looking to get out of a car lease, or looking to take over one.
Most lease contracts are not designed to be easily terminated before the normal end date. However, one of your best options is to use sidefinance.com to transfer your lease to someone who would like to pick it up and take it off your hands — known as a lease assumption. The advantages of this method is low cost (no penalties, no payoffs), and an easy exit for both parties. It’s a win-win situation.
A lease assumption or transfer allows you assume an existing lease from another person. For example, if you had 18 months left on your car lease, and someone wanted to take over your lease, he or she would simply assume your lease and start making the payments each month for the remaining 18 months.
At the end of the term he would turn the car into the leasing company just as he would if he had leased the vehicle new. The process itself is quite simple and can provide a great deal of benefit and financial incentive if you use it to your advantage.
The first thing that usually happens is the lease seller contacts his or her leasing company and initiates the lease assumption process. Once a buyer has agreed to take over the lease, the buyer usually submits a credit application with the seller’s lease company.
A new lease package is usually sent to the buyer within anything from a few days to a few weeks. The company also alerts the seller the moment the buyer assumes the lease so that the car can then change hands.
Once upon a time, getting out of a lease was tough, sometimes almost impossible. Companies tended not to like leases changing hands. However, it’s relatively simple and straightforward to get out of a car lease today.
So to get out of a car lease, those are your options. You could literally save thousands of dollars in fees and penalties if you find someone on sidefinance.com who is ready to take over your lease. It’s simple and straightforward, but more importantly it could save you a whole lot of money.
Filed under Lease Assumption by on Jan 30th, 2010.
It’s usually only when you need to get out of a car lease before it expires: either because you cannot afford to continue to pay for it, or because for some reason, you do not need the car anymore, that you find out how expensive and potentially frustrating the process can be if not done right. By law, you are responsible for making each of you car payments and the only way you can get out of the lease is to a)pay a hefty penalty b) find someone ready to buy the car for the closeout amount on the lease or c) find someone ready to take on the remainder of the lease itself.
As if that were not enough, you often end up owing more in car payments than what the car itself is actually worth on the market, meaning you would have to bear the brunt of any negative equity yourself. What sidefinance.com offers to do for you is connect you to other people who are either looking to get out of a car lease, or looking to take over one.
The smartest way to get out of a car lease is through a lease assumption. This a special tool sidefinance.com can help you use to transfer your car lease -and by extension, the remaining payments- to someone who needs it and is ready to assume responsibility for it. Both parties get what they want and need at that particular point in time.
Like I said, a lease assumption simply means someone else takes over your existing lease i.e. your lease is transferred to him or her. He or she picks up the tab for whatever is left of your car payments at the time both parties agree to a lease assumption.
And when the lease expires, the car gets returned to the leasing company just as it would have been if been leased new. It’s not a very complex process to grasp and can be extremely useful once one learns to use it to advantage.
The first thing that usually happens is the lease seller contacts his or her leasing company and initiates the lease assumption process. Once a buyer has agreed to take over the lease, the buyer usually submits a credit application with the seller’s lease company.
A new lease package is usually sent to the buyer within anything from a few days to a few weeks. The company also alerts the seller the moment the buyer assumes the lease so that the car can change hands.
Once upon a time, getting out of a lease was tough, sometimes almost impossible. Companies tended not to like leases changing hands. However, it’s relatively simple and straightforward to get out of a car lease today.
So to get out of a car lease, those are your options. You could literally save thousands of dollars in fees and penalties if you find someone on sidefinance.com who is ready to take over your lease. It’s simple and straightforward, but more importantly it could save you a whole lot of money.
Filed under Uncategorized by on Jan 30th, 2010.
If you are thinking of a car lease takeover, then you are in luck. Sidefinance.com is specially designed to help you through the process; from finding the perfect car for your needs, to making contact with the seller and the leasing company, sidefinance.com will assist you in various ways down the line.
Once you apply to the leasing company, and all the documentation for both, you -the buyer, and the seller is signed, your lease assumption is basically done. In fact, the hardest part of the process to assume a car lease is finding a suitable car and “seller” who wants be rid of his or her car lease. Once you’ve been able to do that, the rest of the process is fairly simple.
That is the reason we set up sidefinance.com. On sidefinance.com you will find a constantly updated list of cars and other vehicles waiting for their leases to be taken over. Our automated system automatically notifies all the people who requested a certain type of vehicle the second it comes online. Just don’t forget to act quickly once you receive an alert because each seller tends to receive more than one application per vehicle.
You must however realize that although we conduct basic screening and verification for all our members, to take over a car lease, you usually have to meet the leasing company’s criteria. You might also have to pay a few fees before your application is complete, though that is something you can agree on with the original seller [usually the seller agrees to pay any fees involved].
Like we said earlier, finding the right car and seller is often the hardest part of the process. That’s what sidefinance.com will do for you: connect you with a whole database of willing and ready sellers. Once that is over, the next steps to your dream car are simple and usually straightforward.
The very first thing you then have to do is get in touch with the person selling and agree to hook up at a time and place that works for both of you. Do not forget to budget enough time for the meeting, and also remember to ask that he or she bring along the original lease documents.
Don’t forget to scrutinize the car very well. Remember you’re going to be handing in the vehicle yourself when the lease is eventually over. In fact, if you possibly can, get someone qualified to give the vehicle the once over and make sure you check out the mileage on the car too.
The amazing thing about taking over a car lease is that no down payment is required. You simply continue paying the monthly car lease payments to the leasing company until the expiration of the car lease term. It can be an extremely rewarding – not to talk of cost-saving- experience as long as you do it just right. Join sidefinance.com today to get started on the way to your dream car.
Filed under Lease Assumption by on Jan 30th, 2010.
If you are thinking of an auto lease takeover, then you are in luck. Sidefinance.com is specially designed to help you through the process; from finding the perfect car for your needs, to making contact with the seller and the leasing company, sidefinance.com will assist you in various ways down the line.
Once you apply to the leasing company, and all the documentation for both, you -the buyer, and the seller is signed, your lease assumption is basically done. In fact, the hardest part of the process to assume a car lease is finding a suitable car and “seller” who wants be rid of his or her car lease. Once you’ve been able to do that, the rest of the process is fairly simple.
That is the reason we set up sidefinance.com. On sidefinance.com you will find a constantly updated list of cars and other vehicles waiting for their leases to be taken over. Our automated system automatically notifies all the people who requested a certain type of vehicle the second it comes online. Just don’t forget to act quickly once you receive an alert because each seller tends to receive more than one application per vehicle.
You must however realize that although we conduct basic screening and verification for all our members, for an auto lease takeover, you usually have to meet the leasing company’s criteria. You might also have to pay a few fees before your application is complete, though that is something you can agree on with the original seller [usually the seller agrees to pay any fees involved].
Like we said earlier, finding the right car and seller is often the hardest part of the process. That’s what sidefinance.com will do for you: connect you with a whole database of willing and ready sellers. Once that is over, the next steps to your dream car are simple and usually straightforward.
The very first thing you then have to do is get in touch with the person selling and agree to hook up at a time and place that works for both of you. Do not forget to budget enough time for the meeting, and also remember to ask that he or she bring along the original lease documents.
Don’t forget to scrutinize the car very well. Remember you’re going to be handing in the vehicle yourself when the lease is eventually over. In fact, if you possibly can, get someone qualified to give the vehicle the once over and make sure you check out the mileage on the car too.
The amazing thing about an auto lease takeover is that no down payment is required. You simply continue paying the monthly car lease payments to the leasing company until the expiration of the car lease term. It can be an extremely rewarding – not to talk of cost-saving- experience as long as you do it just right. Join sidefinance.com today to get started on the way to your dream car.
Filed under Lease Assumption by on Jan 30th, 2010.
Your quest to assume a car lease needn’t be as difficult, or risky, as you might have heard. Most leasing companies today have fairly uniform and straightforward procedures for people wanting to assume leases.
If your application is approved, all the necessary documents are signed by both parties: you, and the new lease buyer. Once the documents are signed and taken back to the leasing company the lease assumption process is complete.
The hardest part of the process to assume a car lease is finding a suitable car and “seller” who is tired of his or her car lease for some reason or the other. Once you’ve been able to do that, the rest of the process is fairly simple.
Although advertising a vehicle offers no guarantees, at sidefinance.com we have a constantly updated waiting list of individuals looking to take-over auto leases. Our automated system automatically notifies all the people who requested a certain type of vehicle the second it comes online. Sellers tend to receive various applications per vehicle.
You must however realize that although we conduct basic screening and verification for all our members, to take over a car lease, you usually have to meet the leasing company’s criteria. You might also have to pay a few fees before your application is complete, though that is something you can agree on with the original seller [usually the seller agrees to pay any fees involved].
Like we said earlier, finding the right car and seller is often the hardest part of the process. That’s what sidefinance.com will do for you: connect you with a whole database of willing and ready sellers. Once that is over, the next steps to your dream car are simple and usually straightforward.
You will have to contact the seller and set up a meeting for a time and venue that is convenient for both of you. Make sure you allow enough time for the meeting and that you remember to request that he or she brings the lease documents to the meeting.
As with any auto purchase, take a good look at the condition of the vehicle. You will be responsible for the condition of the vehicle at lease end. Unless you’re mechanically inclined, we recommend you get the car checked by a third party. Verify that the current mileage on the car meets your expectations.
If you decide to assume a car lease, you might find out that it was the best choice you could have made. Done the right way, it’s way cheaper and requires no down payment of any sort, and all you have to do is keep sending the monthly payments in until the car lease expires.
Filed under Lease Assumption by on Jan 30th, 2010.
