http://saoluizengenharia.com.br/contato CARXLEASE Guarantee©
Payment Guarantee Service
CARXLEASE.COM (CARXLEASE) guarantees the payments on your loan or lease as long as your vehicle is in the CARXLEASE Finance Transfer Program©. Once under contract, we find a Permissive User to take over all payments, insurance, licensing and maintenance costs on your vehicle.
CARXLEASE locates someone with stable, verifiable income and a history of ownership of a vehicle comparable to yours to take over payments, insurance, licensing and maintenance costs on your vehicle as your Permissive User. This party contracts with you using the forms provided by CARXLEASE. Our documents define in plain language how the User is responsible for all obligations as stated in your loan or lease.
Your Permissive User must add you to their insurance policy as an additional interest. This is required to satisfy the insurance obligation of your loan or lease and to keep you informed of the status of their insurance as long as you participate in our Program.
The Permissive User must also report their mileage each month and pay any excess mileage penalties as stated in your Lease Agreement. They are obligated to maintain the vehicle in accordance with manufacturer recommendations and undergo periodic inspections. If the User should default during the term of the Lease Agreement, you have the right to terminate the contract and demand CARXLEASE take over payments on the vehicle until we locate another User to assume the Lease obligations from that point forward.
CARXLEASE will manage your payments until the end of your underlying loan or lease agreement (if any). You and the User maintain email communication regarding mileage, maintenance and insurance on your vehicle. CARXLEASE will see that all payments are made automatically each month via ACH to your bank or leasing company. Should the User default, CARXLEASE will act to enforce the terms of the Lease Agreement with your User or terminate the Agreement and repossess your vehicle.
In the event of termination, CARXLEASE will continue to make your payments until a new User is located to take over where the last User left off. .