10-04-2013, 05:09 PM
That's how I got my car, I assumed the lease from another owner in CT after he put about 8K on it.
Worked out great for me, I got a car I would otherwise not be able to get and without a down payment (at least in name, I had to pay taxes on the amount left on the lease when it came over). Not only that, at least through MMCA, they actually LOWERED the payments based on my credit. Had no idea that was even a possibility. Also found out that the original leasee is always on the hook for the payments, I guess that made sense but also kind of surprised me.
The buyout value, can't recall the exact number, was actually very fair and it's still my gameplan to buy it out once I'm done. Unless of course, i'm just flat out sick of it.
EDIT:
Forgot who it was that mentioned it in another thread, but if you though buying out of state was bad? Leasing is 50x worse. It took me about 4 months to complete the transaction. Still worth it, but goddamn what a pain in the ass.
Worked out great for me, I got a car I would otherwise not be able to get and without a down payment (at least in name, I had to pay taxes on the amount left on the lease when it came over). Not only that, at least through MMCA, they actually LOWERED the payments based on my credit. Had no idea that was even a possibility. Also found out that the original leasee is always on the hook for the payments, I guess that made sense but also kind of surprised me.
The buyout value, can't recall the exact number, was actually very fair and it's still my gameplan to buy it out once I'm done. Unless of course, i'm just flat out sick of it.
EDIT:
Forgot who it was that mentioned it in another thread, but if you though buying out of state was bad? Leasing is 50x worse. It took me about 4 months to complete the transaction. Still worth it, but goddamn what a pain in the ass.
2019 Mazda CX-5 (TURBAH)
(X)2016.5 Mazda CX-5
(X)2010 GTI
(x)2011 Lancer Evolution GSR
(x)2009 Lancer Ralliart
(x)2006 Acura RSX
(X)2016.5 Mazda CX-5
(X)2010 GTI
(x)2011 Lancer Evolution GSR
(x)2009 Lancer Ralliart
(x)2006 Acura RSX