I'm going to be getting rid of my 2010 g37s 6mt lease soon, just curious how much demand exists for such arrangements? lease is 10k/yr, 375/mo with 18 months and 15k miles remaining.

Also, how time consuming is the process of having someone take over my lease?

 

It completely depends on how good a deal it is. If there's good value in the deal somebody will want it. It takes a while to complete and is a PITA. IFS says 4 to 6 weeks.

 

Check out Swapalease.com | Get Out of A Car Lease or Take Over A Car Lease

 

I also think you are still liable for the payments, but not sure. Seems to vary on who owns the note.

 

This is true with IFS. The person taking over assumes the lease as the primary lessor but you are not realeased frm financial liability so you will essentially be cosigning for the person who takes over. Both of you will have to have a credit check and meet their credit requirments, even though you already qualified before for the initial lease.

 

I would start on the boards here first, you have a sweet deal and im sure perhaps someone will pick it up..

 

Working on posting it here.. Need 100 posts in order to be able to start a new thread in classifieds

 

Honestly unless you know the person you're still liable. For example I could lease your car and then steal it from you...simply by not paying it.

Lease trader or swap is a better place since people go there to look. Nobody comes here to look for a lease swap.

 

I just swapped my lease out to someone, and the process is still ongoing. The new buyer mailed all the papers in around early December, and all the financing paperwork was approved by mid-January. Not a problem. But once the lease was transferred into the new owners, Infiniti has been dragging their feet with the title process.

Basically, the car is no longer under my name, but has been sitting in my driveway idle since Jan 31st because the new owner cannot get it registered without the title being sent to Secretary of State office (DMV). Not a big deal for me since I'm no longer responsible for the payments and the new owners already have insurance on it, but I just feel bad for them.

Good luck.

 

<Black Betty - This is true with IFS. The person taking over assumes the lease as the primary lessor but you are not realeased frm financial liability so you will essentially be cosigning for the person who takes over. Both of you will have to have a credit check and meet their credit requirments, even though you already qualified before for the initial lease.>

Actually, the original owner does not do another credit check. The buyers must have at lease the same credit score as you when the vehicle was first leased. I made sure the buyers checked their credit before applying to Infiniti, because there is a non-refundable $275 process fee.

 

You know, most of the people I see wanting to have people take over their leases got a bad deal. I can't see anyone wanting to take over a lease that is 640 to 700 a month. If you watch this forum you will see people get much MUCH better deals than that. And to top it off these people want a down payment....................if you really need to get out of your lease you won't be requiring someone to give you a down payment and take over your lease. Otherwise grin and bare it and pay off your lease.

 

I'm not arguing with you because you've already been through the process. I'm going through it now. I spoke to IFS last week and was told that both buyer and seller required credit check for the transfer. Paperwork is sent to seller first to fill out, then forwarded to buyer to complete, then sent back to IFS for approval. Then new contract is sent to buyer, then to seller, then back to IFS for processing. Is this not true? How long did the entire process take? I was told 4-6 weeks. It's been a week since initiated and seller still doesn't have paperwork from IFS although they claim it was mailed on 2/14.

 

uh wat?