# tough decision

**URL:** <https://forums.speedlife.net/t/tough-decision/32128>\
**Category:** NYSpeed Automotive\
**Created:** [July 9, 2007, 2:44pm UTC](https://forums.speedlife.net/t/tough-decision/32128 "2007-07-09T14:44:00Z")\
**Posts on this page:** 1\
**Showing post:** 14

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**Author:** ![nytib](https://avatars.discourse-cdn.com/v4/letter/n/8e7dd6/32.png) [@nytib](https://forums.speedlife.net/u/nytib)\
**Post date:** [July 9, 2007, 5:04pm UTC](https://forums.speedlife.net/t/tough-decision/32128/14 "2007-07-09T17:04:53Z")

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[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](http://www.swapalease.com)  
or  
[www.leasetrader.com](http://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

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