For those with questions of "how to get out of a lease"

Wagner · #1 06-12-2007, 01:26 PM

http://money.cnn.com/2007/06/08/auto...ex.htm?cnn=yes

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Thunder22 · #2 06-12-2007, 01:34 PM

I've used both of those sites mentioned, they're very good.

HOWEVER, and this is a big warning, only use them with leasing companies who allow you to assign the lease to someone else free and clear as BMWFS does. MB, Audi, Porsche, GM, etc, do NOT allow you to remove your name as a guarantor of the lease. So if the person who takes over the lease stops paying, you're on the hook. Be very careful.

blondboinsd · #3 06-12-2007, 02:01 PM

Hmm Interesting, Maybe I'll list the X5, I keep toying with the idea but the X only has a year left on the lease and don't they have a 6 month pull ahead?

Thunder22 · #4 06-12-2007, 02:40 PM

Quote:

Originally Posted by blondboinsd

Hmm Interesting, Maybe I'll list the X5, I keep toying with the idea but the X only has a year left on the lease and don't they have a 6 month pull ahead?

Leases with a year or less time left are very attractive as the new owner usually likes to buy out the lease and get the car at a steep discount without having to pay any upfront costs.

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