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Take Over Lease on 2005 6mt

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Old Jun 1, 2006 | 02:24 PM
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DEM SUGA's Avatar
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Take Over Lease on 2005 6mt

If anyone is intersted in taking over a lease on an 05 6mt, please follow the link below. If any has any information on the most financialy secured way to get out of a lease, please let me know.......


http://www.leasetrader.com/auto/leas...sting_id=93838
 
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Old Jun 1, 2006 | 03:14 PM
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i would say try to sell it outright to someone, and you would take the hit on the difference between your payoff option and the amount you sell the car for. it sucks because if you leased through IFS, your still liable if you transfer the lease. i'm in the same shoes as you, looking to get rid of my lease, but i know i can't transfer it without still having liability.
 
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Old Jun 1, 2006 | 04:29 PM
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What do you mean when you say liable? What year is your car and what are the details of your lease. have you had any luck so far in terms of finding anyone.
 
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Old Jun 8, 2006 | 04:31 PM
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Originally Posted by DEM SUGA
What do you mean when you say liable? What year is your car and what are the details of your lease. have you had any luck so far in terms of finding anyone.
IFS keeps your name on the lease, sort of as a co-signer. basically if the new lessee misses a payment, they come back to you for the money, or if they owe any money at the end of the lease for excessive wear and tear or mileage and don't pay it, it's on you to do so. mine is an 05 g35x, 3 year lease, 425/month, i haven't tried to find someone to take it over because of the situation i just explained, i'm trying to sell it though.
 
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Old Jun 12, 2006 | 01:56 AM
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Just so you guys know... SwapaLease.com offers a "Peace of Mind" program that is the cost of two lease payments which will cover all the remaining lease payments and up to $2,000 in damage if the person who takes over the lease does not make any payments etc.
 
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Old Jun 12, 2006 | 12:23 PM
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Originally Posted by cruiseluva62886
IFS keeps your name on the lease, sort of as a co-signer. basically if the new lessee misses a payment, they come back to you for the money, or if they owe any money at the end of the lease for excessive wear and tear or mileage and don't pay it, it's on you to do so. mine is an 05 g35x, 3 year lease, 425/month, i haven't tried to find someone to take it over because of the situation i just explained, i'm trying to sell it though.

How does the selling thing work?
 
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Old Jun 17, 2006 | 10:51 PM
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I just transferred the lease on my Lexus on swapalease and I have no future liability. My finance company was USBank.
 
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Old Jun 18, 2006 | 12:31 AM
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Originally Posted by DEM SUGA
How does the selling thing work?
well you and the buyer agree on a selling price, it oculd be higher or lower than your payoff. so wat i think u would do is take the buyer, the car and urself to a dealership, have them make out a bank check to IFS, and you could make up the difference if there's negative equity between your payoff and the negotiated selling price, and i think the dealer could handle everything else.
 
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Old Jun 27, 2006 | 01:32 PM
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still available?
shoot me a pm
 
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