Taking over a lease

dmoulton600dmoulton600 Member Posts: 16
edited June 2016 in Jeep
Hey again - wondering if it's smart (from a credit perspective, insurance perspective and financial) to be taking over somebody else's lease on a wrangler unlimited (automatic transmission). Is this a legitimate thing people do? If so what are some of the best resources to consult?

Thanks!

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  • MichaellMichaell Moderator Posts: 263,791

    Hey again - wondering if it's smart (from a credit perspective, insurance perspective and financial) to be taking over somebody else's lease on a wrangler unlimited (automatic transmission). Is this a legitimate thing people do? If so what are some of the best resources to consult?

    Thanks!

    Lots of websites out there - google 'lease swap' and see what you get.

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  • kyfdxkyfdx Moderator Posts: 267,518
    It happens all the time. Swapalease is the biggest marketplace for lease swaps.

    First, check that the bank with the lease contract allows lease assumptions. Then, make sure it's a good deal. The vast majority of lessees don't really get good deals. No point in taking over someone else's bad deal.

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