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View Full Version : Lease Assumption


bigmack
10-09-2012, 11:11 PM
I guess I knew about this but now I'm doing it.

There's a few sites where you assume other peoples car leases.

I have a biz & needed one & a buddy coming in for a few months from Deutschland needs one. Got a 2011 Camry for 9 months @ $219/mo with 1200 miles/mo and a 2010 Mercedes C-Class for 7 months @ $387/mo w/ 800 miles/mo.

No down & the transfer fees vary. Benz: $700 in CA. Toyota: $200 Ford: Free

They go fast, so you have to stay on top of it, but I may start doing this regularly. New car every 8-10 months.

JustRalph
10-10-2012, 12:57 AM
I have a Chiropractor buddy who has done this. He liked the last one so well he just called the bank and bought out he lease on a Lexus for a reduced rate and now owns it