Whats the word on taking over someones lease?
#1
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Was just wondering if anyone on the forum has ever done that. Used something like lease trader to have someone take over their lease or have taken over someone's lease etc.
#2
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Such as AFS, they call it a 'transfer of equity'. With them, like many others, you have to go thru an approval/application process, applying for the ability to make to payments in the honor of the previous leasee. Meaning the origional lessor is still ultimately responsible, and will be heald accountable for any fees/changes incured at lease termination. The lease assumer is just contracting themselves to make to payments, but the origional contract is still intack with the origional parties...
these are the policies that were when I was employed by Vw credit/Audi Financial Services...
these are the policies that were when I was employed by Vw credit/Audi Financial Services...
#3
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I tried to take over a lease on an M3...BMW requires the original leasee to remain on the lease as a co-leasee. That's not a good idea..Hence deal fell through.
I had assumed a lease on my Mercedes with not one glitch..smooth as an Abt chip!
I had assumed a lease on my Mercedes with not one glitch..smooth as an Abt chip!
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