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Thread: Taking over a car lease

  1. 06-30-2014, 06:49 PM #1
    skiballs's Avatar
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    Taking over a car lease

    Anyone taken over a car lease. What is the down side?
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  2. 06-30-2014, 06:54 PM #2
    that dude who did that thing is offline Registered User
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    I would think the only downside is that somebody else got to drive the car when it was brand-spanking new, for the same monthly price that you're spending on a used car. But if they put money down, and are not expecting you to put money down, maybe they will end up paying the immediate depreciation rather than passing it on to you. That said, evaluate the mileage, and if the leasing compnay isokay with with the assumption of the lease, you'll be good to go. The downsides are just the usual downsides of leasing: no ownership, mileage limits, negative equity in the event of totalling the car.
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  3. 06-30-2014, 06:59 PM #3
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    Wow.
    You sure have a firm grasp on the obvious.
    If you're not already, you should be teaching a HS business class.
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  4. 06-30-2014, 07:10 PM #4
    Art Shirk is offline Good-lookin' wool
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    Don't for get that you have to pay for your own gas.
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  5. 07-01-2014, 01:12 PM #5
    that dude who did that thing is offline Registered User
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    The PR is so cool. 124 people viewed this thread. 1 person at least tried to be helpful. And 2 others were complete jackholes who offered nothing useful whatsoever.

    Strong work, guys.
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  6. 07-01-2014, 01:36 PM #6
    bigAK is offline telemarking is stupid.
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    ^commonlaw's response wasn't all that helpful, but I wouldn't accuse him of "trying"...
    Last edited by bigAK; 07-01-2014 at 02:08 PM.
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  7. 07-01-2014, 01:59 PM #7
    XXX-er is online now Registered User
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    leasing is like a entering into a second marriage and amounts to lots of hassles just to get laid ... buying is like going to the hooker
    Lee Lau - xxx-er is the laziest Asian canuck I know
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  8. 07-01-2014, 02:49 PM #8
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    Quote Originally Posted by Jamespio View Post
    The PR is so cool. 124 people viewed this thread. Three were complete jackholes who offered nothing useful whatsoever.

    Strong work, guys.
    Agreed...
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  9. 07-01-2014, 03:03 PM #9
    Missing Sock is offline Registered User
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    I took over a lease through Leasetrader on a Toyota 4runner back in 2008. Process was very easy. The lease had something like 15 or 16 months left. Ended up buying it out at the end of the lease. The original lessor had put down a hefty down payment that I was able to benefit from with low monthly payments and a very reasonable purchase price at the end of the lease. I could not have been happier and would consider doing something similar in the future.
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  10. 07-01-2014, 03:47 PM #10
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    Incomplete facts. Who is responsible for overages?
    Quando paramucho mi amore de felice carathon.
    Mundo paparazzi mi amore cicce verdi parasol.
    Questo abrigado tantamucho que canite carousel.

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  11. 07-01-2014, 08:44 PM #11
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    Quote Originally Posted by irul&ublo View Post
    Incomplete facts. Who is responsible for overages?
    The person returning the lease. There are good deal to be had and bad ones. Look for leases that have enough miles to cover YOUR habits. Confirm with the lease company their perimeters. Subie is a good one because they waive the first 1K in wear & tear..tires, windshield ect. Confirm the disposition fee.
    Click. Point. Chute.
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  12. 07-01-2014, 09:32 PM #12
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    Fucking leases... Lemme guess, you all own a timeshare in Mexico too?
    I still call it The Jake.
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  13. 07-01-2014, 09:43 PM #13
    Art Shirk is offline Good-lookin' wool
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    Quote Originally Posted by BmillsSkier View Post
    Fucking leases... Lemme guess, you all own a timeshare in Mexico too?
    Hey..........
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  14. 07-01-2014, 10:08 PM #14
    iceman is offline Funky But Chic
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    Quote Originally Posted by Flexon Phil View Post
    Confirm with the lease company their perimeters.
    Those lease companies can be edgy fuckers.
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  15. 07-01-2014, 10:20 PM #15
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    Leasing is a good idea?

    I thought it was it was for company cars employees in bloated wasteful industries, old people and people who rent microwaves?

    really?
    Terje was right.

    "We're all kooks to somebody else." -Shelby Menzel
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  16. 07-02-2014, 08:57 AM #16
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    Quote Originally Posted by commonlaw View Post
    Hey..........


    ........
    I still call it The Jake.
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  17. 07-02-2014, 09:12 AM #17
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    Quote Originally Posted by Jamespio View Post
    The PR is so cool. 124 people viewed this thread. 1 person at least tried to be helpful. And 2 others were complete jackholes who offered nothing useful whatsoever.

    Strong work, guys.
    1 out of 3. In baseball that makes you an all star
    Quando paramucho mi amore de felice carathon.
    Mundo paparazzi mi amore cicce verdi parasol.
    Questo abrigado tantamucho que canite carousel.

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  18. 07-02-2014, 09:18 AM #18
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    Quote Originally Posted by Jamespio View Post
    The PR is so cool. 124 people viewed this thread. 1 person at least tried to be helpful. And 2 others were complete jackholes who offered nothing useful whatsoever.

    Strong work, guys.
    Get the stick out your ass, jimmy.

    Quote Originally Posted by Missing Sock View Post
    I took over a lease through Leasetrader on a Toyota 4runner back in 2008. Process was very easy. The lease had something like 15 or 16 months left. Ended up buying it out at the end of the lease. The original lessor had put down a hefty down payment that I was able to benefit from with low monthly payments and a very reasonable purchase price at the end of the lease. I could not have been happier and would consider doing something similar in the future.
    That's were I've been looking. Seems like you can get an extend test drive under warranty and then get a decent price on a used car that you are familiar with.

    Quote Originally Posted by iceman View Post
    Those lease companies can be edgy fuckers.
    Some would say obtuse.
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  19. 07-02-2014, 10:15 AM #19
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    Quote Originally Posted by iceman View Post
    Those lease companies can be edgy fuckers.
    They certainly can be hard to circumnavigate.
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  20. 07-07-2014, 11:22 PM #20
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    Quote Originally Posted by BmillsSkier View Post
    Fucking leases... Lemme guess, you all own a timeshare in Mexico too?
    I call bullshit on this. I wrote this on leases over at Epic.... http://www.epicski.com/t/128204/leas...sing-explained
    Click. Point. Chute.
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  21. 07-07-2014, 11:29 PM #21
    Hugh Conway Guest
    Quote Originally Posted by bigAK View Post
    ^commonlaw's response wasn't all that helpful, but I wouldn't accuse him of "trying"...
    when did that stop him from sending a bill?
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  22. 07-08-2014, 09:40 AM #22
    Art Shirk is offline Good-lookin' wool
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    Quote Originally Posted by Hugh Conway View Post
    when did that stop him from sending a bill?
    Time to dust off this old chestnut

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