Taking over a car lease

[lartinos]

Thanks guys, much more of an acquaintence than a friend for sure. I know the Mom and she is the one who is gonna have to buy it from the son cuz he can't afford it.
They seem desperate to get rid of it, I think they will agree to things on my terms.
Thanks guys, anymore info would be help would be apppreciated.

 

[lartinos]

I went to swapalease and they have deals where you can new cars with no money down??? I'm confused as to how they could do that. I must be reading it wrong.
Monthly Payment $217.00
Lease Term 36
Miles Per Month 1,000 miles/mo
Down Payment $0.00
Opt. Lease End Buyout Contact Lease Seller
Total Miles 36,000

 

[calveless wonder]

you can walk into a dealership and lease a car with no money down if your credit is good.

usually only have to pay tax, first month and a few other minor charges

 

[puddlemonkey]

You leasers crack me up.

 

[Razorguns]

I went to swapalease and they have deals where you can new cars with no money down??? I'm confused as to how they could do that. I must be reading it wrong.
Monthly Payment $217.00
Lease Term 36
Miles Per Month 1,000 miles/mo
Down Payment $0.00
Opt. Lease End Buyout Contact Lease Seller
Total Miles 36,000

Sure if you take on a lease from day zero.

If you find some desperate person willing to give you a $35k car for $0, and he's already put in $15k, and you can purchase it in 1 year for $15k, grab it.

The key thing is to get the leasing company to put it in your name. So you don't pay it off, and the title goes to the original guy.

r

 

[Arabian]

I know someone that needs to get out of a lease he's had for a few months.
Seems like a good deal, anything to stop me from doing it?

Make sure you read the lease agreement for stipulations such as mileage, wear and tear and most important the residual value of the vehicle at the end of the lease. I would say that if you cannot write a lease off on your taxes then dont. The only advantage of a lease is that you are in a new vehicle every other year or so however the banks have tightened up the restrictions of the lease on the back end.

 

[lartinos]

Yeah, this shit seems too complicated like many things can go wrong.
If I get the a copy of the lease agreement I'll just post it up here and let you guys take a look at it.

 

[rjl296]

Sure if you take on a lease from day zero.

If you find some desperate person willing to give you a $35k car for $0, and he's already put in $15k, and you can purchase it in 1 year for $15k, grab it.

The key thing is to get the leasing company to put it in your name. So you don't pay it off, and the title goes to the original guy.

r

pretty much what i just did,
its not that complicated, just call the dealership and tell them what you want to do