rocken7

I've been thinking of taking over a lease on swapalease.

g37s for around $460/mo. for 28 months at 28K miles.

The lease payment is actually higher but there is an incentive payment.

I'm confused where the gotchas could be. Like what if the lease owner balks on the incentive payment? Or what if I balk on the lease payments? Or what if the car is slightly damaged ... I wonder what kind of legal contract(s) are involved to ensure incentive payment + vehicle return costs.

Any thoughts?

rocken7

I wonder if you even get the credit points for taking over someone else's lease or if those points go to the orig. leasee?

DaCePtak0n

Not a good idea to take over for Infiniti because the original leasee is still in the picture in terms of liability and such.

da mayor

iTrader: (2)

it is true but that's the liability the original lessee will take account. it's hard to tell what can happen b/c both parties will be liable at the end

rocken7

Yes and some of the offers have incentives attached to lower the monthly payment, but I'm sure those are likely subsidy payments from the orig. leasee to the lease while you pay the rest. So if the orig. leasee balks on the payments then what, wonder if you have to assume the rest of the monthly?

G37nS2K

not correct partially . when you are taking over the lease of someone.

you have to submit an application to be qualified to do so.

once you are approved to take over the lease then all the liability and such will be under the new leasee but then the original mileage allowance still the same and all other lease agreement terms will follow to you

da mayor

iTrader: (2)

if the lease is through IFS, which most leases are, then the original lessee is still on the contract as a cosigner.

Some other banks won't have that issue though.