[quote=“Joe,post:13,topic:32128"”]
take over someone elses lease. Nothing down and use the money to make the payments. $9000 will probably cover you for well over 2 years.
www.swapalease.com
or
www.leasetrader.com
[/quote]
i am actually starting to like this idea… does anyone have any experience with doing this? it says there are costs to taking over a car lease
What are the costs to take over a car lease?
Membership fee: from $39.95 to $139.95
Credit application fee: $29.95 (one time verification included in membership)
Transfer initiation fee: $149.95 - $249.95
LeaseTrader charges the buyer (you) a one time transfer initiation fee once you and a seller agree on stating the lease transfer process, it is your responsibility to notify and pay LeaseTrader your transfer initiation fee at the initiation of a lease transfer process.
In addition to LeaseTrader fees, you may have the following expenses:
Bank Transfer fee: $0-$600
Most financial institutions charge a fee to process the car lease transfer paperwork and are paid directly to the Finance Institution (e.g. Mercedes Benz Credit).
Registration fees: $50 to $200
this sounds just as bad as a down payment