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11-04-2009, 11:00 PM
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#1 | | Banned By Establishment
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| getting rid of a lease
I'm getting rid of my 08 tl, and within 30 minutes of posting my add I'm being bombarded with emails.
Does the buyer pay lease transfer?
What am I responsible for?
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11-04-2009, 11:03 PM
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#2 | | Head Moderator
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Most of the times the seller will offer to pay for the lease transfer as a deal sweetener.
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11-04-2009, 11:06 PM
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#3 | | I am on the internets
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not much. if your car is that hot, you aint responsible for nothing. however, some people who have shitty terms or need to leave the country asap, will pay for stuff like transfer fees, first month payment.. ive even seen - first 3 months payments made by the previous owner. or people want their downpayment back from a potential lessee of their car.
e.g.
Lease takover: 08 BMW 328i coupe. 10 grand down, 1.9%. payments 400 a month plus tax. Selling for 8k plus you pay all fees and taxes. These are rough numbers of course, but it should give you an idea.
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11-04-2009, 11:08 PM
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#4 | | Banned By Establishment
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| http://vancouver.en.craigslist.ca/rc...451910766.html
my buddy just got rid of his and got rid of it instantly within 24 hours. Maybe i should ask for some money... would help pay for my new car  | |
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11-04-2009, 11:10 PM
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#5 | | Head Moderator
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| Quote:
Originally Posted by MajinHurricane  | Sorry, but this is a pet peeve of mine.. include some information in your ad about the car itself!
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11-04-2009, 11:25 PM
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#6 | | Performance Moderator
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| Quote:
Originally Posted by MajinHurricane I'm getting rid of my 08 tl, and within 30 minutes of posting my add I'm being bombarded with emails.
Does the buyer pay lease transfer?
What am I responsible for? |
I just sold a Honda Fit that was financed through Honda Canada... it's expensive man... they want like $400 for the lease transfer fee, plus you have to do it at the dealership and the dealership is allowed to charge a fee of their choosing for taking the "time" to do it for you... so it can cost like $800+
It's pretty much robbery..........
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11-04-2009, 11:32 PM
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#7 | | Banned By Establishment
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| Quote:
Originally Posted by 68style I just sold a Honda Fit that was financed through Honda Canada... it's expensive man... they want like $400 for the lease transfer fee, plus you have to do it at the dealership and the dealership is allowed to charge a fee of their choosing for taking the "time" to do it for you... so it can cost like $800+
It's pretty much robbery.......... | 0_0
damn, I don't think I'm going to get any money then.
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11-05-2009, 06:45 AM
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#8 | | RS has made me the bitter person i am today!
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i've done this a number of times...
when trying to GET rid of your lease and you're somewhat desperate to do so, it's always a bit of an incentive to offer to pay the lease assumption fee which in Acura's case is about $450 plus tax for a TL.
BUT the worst is when you get these emails from people who have crap credit... to make matters worse, Honda Finance who handles the leases most of the time are super strict on credit approvals. So be wary of that and try to qualify the people first at your end.
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11-05-2009, 08:01 AM
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#9 | | Witness protection
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not trying to jack your thread but... have you or anyone else reading this thought of or used http://leasebusters.com ? coworker is considering taking over someone's lease within her budget and asked about this site.
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11-05-2009, 08:05 AM
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#10 | | RS has made me the bitter person i am today!
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leasebuster is a hit and miss. my friend tried to sell his csx which had 2 years left, and not a single reply in 2 weeks..
however, another had a 08 GTI, and got replies like hotcakes within a week... I think it really depends on the market, cause leasebusters usually are people who already know the specific car they want to buy out lease from....
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11-05-2009, 02:49 PM
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#11 | | I contribute to threads in the offtopic forum
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if i was to take over a lease, will the dealership run a credit check on me before making the transfer?
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11-05-2009, 03:43 PM
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#12 | | Head of HR....have a seat on that couch
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| Quote:
Originally Posted by aznlangjai if i was to take over a lease, will the dealership run a credit check on me before making the transfer? | No, they'll take your word for it.
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when I was 13 I wanted to be a video hoe so bad RSUV #7 | |
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11-05-2009, 09:20 PM
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#13 | | Banned By Establishment
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decided to keep it. Returned the cls 500 to my bro  | |
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11-06-2009, 12:23 AM
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#14 | | ninja edits your posts without your knowledge
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| Quote:
Originally Posted by aznlangjai if i was to take over a lease, will the dealership run a credit check on me before making the transfer? | Quote:
Originally Posted by fliptuner No, they'll take your word for it. | 
You, Sir, are full of win.
Dude, aznlangjai, we get that you have bad credit. We get that you're in debt. Why on earth would you want to put yourself in an even more financially compromising position by taking on a lease on a fairly new car?
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