# 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:** 17

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [July 9, 2007, 5:43pm UTC](https://forums.speedlife.net/t/tough-decision/32128/17 "2007-07-09T17:43:19Z")

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[quote=“nytib,post:14,topic:32128"”]

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

[/quote]

I did it. I paid $100 to leasetrader to go through with the lease transfer, $595 to GMAC, and $39.95 to join leasetrader and get credit processed. That plus a one way ticket to NC and it ended up costing $1000 down to get $267 a month payments on my GTO for 2 years.

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