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Lease Transfer or Assumption on GMC Acadia

Got_Heinz 1,922 639 January 12, 2016 at 01:57 PM
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Does anyone have any experience on doing a lease transfer or assumption?

I listed my car on Swapalease after some research and even US Bank recommended them. I got a few hits but also listed on Craigslist.

http://www.swapalease.com/lease/d...lid=974367

Does anyone have any experience on doing one of these? I feel like I am on my own with it really since swapalease is more of just an advertising company it seems.

Anyone do one of these on their own?

3 Comments

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#2
the process is different for every bank (lease owner). Contact your bank and see what the process is for "transferring a lease". Some banks (Nissan financial from my experience) will not take your name off the loan even when its transferred, so you absorb the slight risk of the person not paying for the car.
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#3
I'm looking to assume a lease and would like to know what the process or buyer bewares are
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#4
Quote from malaysiafang View Post :
I'm looking to assume a lease and would like to know what the process or buyer bewares are
i would pay the nominal fee to get the car inspected prior to assuming a lease so that you know it wasn't in an accident or something else that the bank might want to charge you for upon lease return.
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