FORT MYERS, Fla. - Hurricane Sandy damaged more than 250,000 cars and trucks. Now many of their owners are turning to the Internet and replacing their vehicles with ones that were leased in Florida.
According to Swapalease.com, Florida is one of the top 5 states transferring car leases.
"I'm sure you've seen a lot of press on how many cars were destroyed as a result of the hurricane in the Northeastern region - especially New York. We have a lot of our users checking the Florida market for cars in order to replace what they've lost," said Swapalease.com's Scot Hall.
A lease transfer is when a person wants out of their remaining contract. They transfer what's left of the lease to someone else, anywhere in the country.
"Most leases permit the original owner to transfer that lease to another individual so long as it's done following leasing company policies and procedures," said Hall.
Fort Myers resident, Raymond O'Brien recently transferred the remaining 13-months on his Cadillac CTS using the online service.
"It took me asking a few questions and so on but they did what they said they were going to do and it worked out just fine," said O'Brien.
If you are interested in swapping your car's lease, be aware, there are fees associated with posting your car online. If you are buying a car from an online source, make sure to get a third party inspection and a Carfax report.