Is LeaseTrader.com a legitimate Site?

Joined
14 July 2001
Messages
91
Location
Evansville, IN
I recently listed my car on LeaseTrader and I think they scammed me.

On that site, you can list your leased vehicle so that prospective "buyers" can offer to assume the remaining lease. The initial cost to list your car is about $50.

If someone shows an interest in your car, you get an email from the leasetrader.com site saying that a buyer wants to be contacted. The only way to get the prospective buyer's contact information is to upgrade your listing for an additional $99. The nice thing about the site is that a "buyer" can't contact you unless they have already been pre-qualified to take over your lease. They have to pay a fee to get pre-qualified so I assumed most contacts would be pretty serious about assuming a lease.

A couple of days after I listed my car, I got an email saying that someone was interested in my NSX. I upgraded my listing, got his contact information, and then responded to his message (leasetrader.com has a forum-like message area to allow buyers and sellers to communicate). Just to be sure he got my response, I also sent an email to the address he listed in his message.

Anyway, he never replied back to either of my responses so I sent another email to see if he was still interested. That email bounced - the email address was no longer valid. Since that time I have had no more queries about my car.

My question is, why would someone pay a fee to get pre-qualified, contact me about my car and then disappear (and shut off their aol email account)? Maybe it's too much to expect at least a quick "Sorry, I chose another car" response.

Is it possible that LeaseTrader has employees or 3rd parties contact sellers and show interest in their car in order to get more listings upgraded? Am I being paranoid?

I would appreciate hearing from anyone who knows anything about LeaseTrader.

Matt
 
I had a similar experience on leasetrader.com as well and wasn't able to get my money back nor my car transferred either. I eventually gave up as it wasn't worth my time to pursue further.
 
Hopefully you used a credit card for payment. If so, call your issuing credit card provider and dispute the transaction. It only takes a few minutes, and most credit card providers now have a dispute function withing their web now. If leasetrader.com is in fact sending out bogus interest messages, it won't be long before they are placed on the MC/Visa TMF list, losing their ability to do business via credit cards.
 
I did use a credit card so I do have the option to dispute the charge. Thanks for the suggestion. I will do that.

Nimbus, it's interesting that you had a similar experience. I wonder how I could get some stats on their transfer rate. That would be interesting to know - think they would tell me the truth if I called them :-) ?

Matt
 
NSXForEver said:
I wonder how I could get some stats on their transfer rate. That would be interesting to know - think they would tell me the truth if I called them :-) ?
Given your experience, would you believe them, assuming they gave you some stats?
 
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