Lease assumption / getting out of a lease / etc.

Reply Subscribe

Thread Tools

Search this Thread

10-02-2005, 12:21 PM

AUDIHenry

New Member

Thread Starter

Join Date: Aug 2005

Posts: 242

Likes: 0

Received 0 Likes on 0 Posts

Lease assumption / getting out of a lease / etc.

Hey all,

I know there are websites that allow you to put your lease up so someone can take over or vice versa. This is done officially with the leasing company, in this case, Audi/VW Financial.

My question: not counting any restrictions that may exist prior to transferring my lease to another credit-worthy person (the bank decides this, apparently,) what sort of an impact will this have on my credit history? Has anyone done anything like this? Would I have any liabilities?

Cheers!

Reply Like

10-02-2005, 01:49 PM

aktif8

AudiWorld Super User

Join Date: Oct 2000

Posts: 3,340

Likes: 0

Received 0 Likes on 0 Posts

the lease remains in your name with vw credit

the person who assumes it simply adds their name to it.

therefore, it remains on your credit, and if they go late, you're fvcked.

don't do it.

Reply Like

10-03-2005, 08:22 AM

KEVIN97A4

AudiWorld Super User

Join Date: Aug 2002

Posts: 5,367

Likes: 0

Received 0 Likes on 0 Posts

you want to get out of your lease? If so how come...

Reply Like

10-03-2005, 04:16 PM

AUDIHenry

New Member

Thread Starter

Join Date: Aug 2005

Posts: 242

Likes: 0

Received 0 Likes on 0 Posts

Yikes, thanks for the heads up! Is it like this with all lease assumptions or just Audi Fin.?

Reply Like

10-03-2005, 04:19 PM

AUDIHenry

New Member

Thread Starter

Join Date: Aug 2005

Posts: 242

Likes: 0

Received 0 Likes on 0 Posts

Re: you want to get out of your lease? If so how come...

Well, I think I got a lousy deal. I like the car, save for a few things, but it's costing me more than most others on this website. Still just thinking, though.