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If lease is assigned - is orig leasee free of obligations ?

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Old 10-12-2002, 11:39 AM
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Default If lease is assigned - is orig leasee free of obligations ?

I have searched the archives, and find different opinions, thus would appreciate the collective wisdom of the group.
If I "assign" my Audi Financial Services lease to a new leasee whose financial application is approved by Audi Fin Serv, pay the $100 lease transfer fee, and the new leasee contracts for the remainder of the lease, etc. am I "completely out of the lease" or do I have some continuing obligation?

Thanks in Advance
Old 10-12-2002, 11:41 AM
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Default Call Audi Financial because....

with BMW and every other manufacturer I have worked with, the original leasee was ultimately responsible until the original contract was completed.
Old 10-12-2002, 12:51 PM
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Your obligated to the end of the lease, hope that helps
Old 10-13-2002, 04:21 AM
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Default You're only off the hook if Audi Financial specifically releases you...

as part of the assignment. If not, you remain fully liable, more or less like a guarantor. Contracts 101.
Old 10-13-2002, 04:25 PM
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Don't ask us! Find out for sure - call the leasing company! No risk involved in asking!
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