Anyone looking to get out of a lease deal
Discussion
Birdster said:
Is that accepted by the lease companies? I did look for an FAQ on the site, but might not be able to see it on the iPhone.
I suspect that you arrange directly with the chap to pay the sum to their account each month and they send it on to the lease company. They do take a risk you don't ruin the car etc unless there is a contract the website provides. As you would also take a risk that they did not pay the lease company. Mind, you could potentially simply pay the lease company directly, I don't suppose they care what account payment comes from and the chap could simply write to them and say payment is coming from this place in future??Jasandjules said:
Birdster said:
Is that accepted by the lease companies? I did look for an FAQ on the site, but might not be able to see it on the iPhone.
I suspect that you arrange directly with the chap to pay the sum to their account each month and they send it on to the lease company. They do take a risk you don't ruin the car etc unless there is a contract the website provides. As you would also take a risk that they did not pay the lease company. Mind, you could potentially simply pay the lease company directly, I don't suppose they care what account payment comes from and the chap could simply write to them and say payment is coming from this place in future??Could the two parties overcome this problem by drawing up a legal contract via a solicitor that makes the new driver liable for damages and payments?
To the answer the question: I'd like to get out of my lease, as I've bought a 996 and now only use the BMW if I absolutely have to. The M135i wins on practicality, economy, has a better (more modern) gearbox and has brighter headlights. Other than that, the Porsche is better in every single area.
It's not the end of the world if I have to see the lease out. When I ordered the car, I didn't envisage wanting to change before the two years was up. It's definitely something for people to consider though, before taking on a lease. You are very much 'tied in'.
Mine is £414 a month. 3 door auto on a 20k mile a year deal.
It's not the end of the world if I have to see the lease out. When I ordered the car, I didn't envisage wanting to change before the two years was up. It's definitely something for people to consider though, before taking on a lease. You are very much 'tied in'.
Mine is £414 a month. 3 door auto on a 20k mile a year deal.
golfdsg said:
Jasandjules said:
Birdster said:
Is that accepted by the lease companies? I did look for an FAQ on the site, but might not be able to see it on the iPhone.
I suspect that you arrange directly with the chap to pay the sum to their account each month and they send it on to the lease company. They do take a risk you don't ruin the car etc unless there is a contract the website provides. As you would also take a risk that they did not pay the lease company. Mind, you could potentially simply pay the lease company directly, I don't suppose they care what account payment comes from and the chap could simply write to them and say payment is coming from this place in future??Could the two parties overcome this problem by drawing up a legal contract via a solicitor that makes the new driver liable for damages and payments?
Interesting proposition and lease take over website!
Whats the deal here? Let's say I take over someone's lease, i'm essentially paying the remaining payments, and need to stick within the remaining mileage allowance and then I simply hand the car back (ideally undamaged)?
What's in it for the "seller"? Haven't they paid all the deposit, taken all the risk and then let me run around in their car for the remainder of the lease, assuming I don't damage it, or worse still potentially drop them in it using a "mileage correction service" having run it as a taxi....
I just don't see how it's worth the risk for anyone, why not just see out the lease and make a different decision next time!
I'm seriously considering taking over the lease on the Hilux on that website, could be fun for sub £200 a month for a year or so with no risk and no deposit.
Whats the deal here? Let's say I take over someone's lease, i'm essentially paying the remaining payments, and need to stick within the remaining mileage allowance and then I simply hand the car back (ideally undamaged)?
What's in it for the "seller"? Haven't they paid all the deposit, taken all the risk and then let me run around in their car for the remainder of the lease, assuming I don't damage it, or worse still potentially drop them in it using a "mileage correction service" having run it as a taxi....
I just don't see how it's worth the risk for anyone, why not just see out the lease and make a different decision next time!
I'm seriously considering taking over the lease on the Hilux on that website, could be fun for sub £200 a month for a year or so with no risk and no deposit.
The website states that the seller needs to ensure that their leasing company allows the lease to be transferred. If that is the case, then for the seller it's all about getting out of an obligation they're no longer happy with, with no comebacks. However, that statement on the website might just be for show, and it may be down to trust.
There are some right howlers on that website - a diesel Mini for over £400 / month, and the car that's already over the mileage allowance, so EVERY SINGLE mile will cost you 5p before you even start to think about the other costs.
If you're thinking about leasing a car, it's worth taking a look at that website and trying to picture yourself in 12 - 18 months time.
There are some right howlers on that website - a diesel Mini for over £400 / month, and the car that's already over the mileage allowance, so EVERY SINGLE mile will cost you 5p before you even start to think about the other costs.
If you're thinking about leasing a car, it's worth taking a look at that website and trying to picture yourself in 12 - 18 months time.
I concur with the above about the website offering some right howlers !
It does pose an interesting question though, as potentially as a buyer of the secondary lease there are some bargains on there. Cars with a below average mileage and having already had their deposit paid look very tempting. The odd seller is also offering cashback to tempt a new leasee
I assume that you would inspect the car as you would any second hand purchase and in some circumstances on there get a bargain.
Now to find one !
It does pose an interesting question though, as potentially as a buyer of the secondary lease there are some bargains on there. Cars with a below average mileage and having already had their deposit paid look very tempting. The odd seller is also offering cashback to tempt a new leasee
I assume that you would inspect the car as you would any second hand purchase and in some circumstances on there get a bargain.
Now to find one !
eltax91 said:
What's in it for the "seller"? Haven't they paid all the deposit, taken all the risk and then let me run around in their car for the remainder of the lease, assuming I don't damage it, or worse still potentially drop them in it using a "mileage correction service" having run it as a taxi....
I imagine something has changed in their life that means they don't want to pay the £3-400 a month to run a new car anymore. Could be a redundancy for example?! And I assume there can be quite a penalty to break the lease deal and hand the car back which they also most likely can not afford. So this is a "simple" concept, at least the idea is, the practicalities may not be. That is also why I wondered if there was a contract the website provided to the seller to protect them a bit.
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