Taking over a lease
#11
i assumed a guys lease on a 2005 NSX at some point in 2006. Like stated above though <<<in some cases even though the lease has been transferred the liability is still on the original lessee>>> the original leesee was responsible if i were to have stopped making the payments. that is a HUGE risk that he took. The lease was underwater from the start.
Also, to answer one of the questions above.... why don't they just sell the car... unfortunately to get title in your name you have to pay all of the sales tax of the purchase price (at least here in PA)... so buying out a $75k NSX adds $5k to the buyout then try to sell it... even more underwater...
I don't know how those lease trader websites work but i would think most people would be retarded to still assume liability and trust some stranger... (i am an awesome stranger and didn't screw the guy but what if i was from NIGERIA)... ..
Also, to answer one of the questions above.... why don't they just sell the car... unfortunately to get title in your name you have to pay all of the sales tax of the purchase price (at least here in PA)... so buying out a $75k NSX adds $5k to the buyout then try to sell it... even more underwater...
I don't know how those lease trader websites work but i would think most people would be retarded to still assume liability and trust some stranger... (i am an awesome stranger and didn't screw the guy but what if i was from NIGERIA)... ..
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