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Check your contract.... (more) (archive)

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Posted by JAW on February 08, 2000 at 07:26:30:

In Reply to: Help! Lease buy questions... posted by thank you very much on February 08, 2000 at 01:07:14:

There may be one or two options- most likely if you want to unload the car you will have to find someone to "assume" the lease, meaning that person has to be approved (credit) and simply starts making the remaining payments for you. In that case you probably won't be even close to making any money on the deal.

If you find in the contract that you can "purchase outright" the car to terminate the lease early- watch for early termination fees and penalties. In cases where I have known people to attempt this type of termination they NEVER make out very well from a $$$ standpoint. Remember- you aren't even close to owning ANY equity/part of that car if you are leasing. It's not your right to sell the car. If the leasing company wants to they have every right to penalize the crap out of you for breaking your "agreement".

IF you can find a loophole, let us know.

Good luck!

JAW
98 M3 C

: I lease a 98 M3/4 manuel and would like to sell it before my lease ends to make 1k or more $$$$

: may I know how does it work ?
: do I take the buyer with me to dealer or I need to buy
: the car pay all those tax and sell to buyer and buyer pays tax again ?....
: thank you very much for your help ....

: 98 blue M3/4




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