I've successfully sold my FX, and am now looking for a lease assumption on a ML. Have posted an ad on the sales forum. Please PM or email me if you match the conditions and want out of your lease.
Didn't want to pay the fee on either of those 2 sites since I wasn't sure if they were legit. Swapalease seems so but I'm not fond of leasetrader since they want you to run a credit report before you're able to proceed any further.
Thx for the advice though, will give swapalease a shot.
the reason for the credit report (i think) is so that you don't get to attached to a possible vehicle and waste your time applying for credit if you might be rejected.... because if lease trader rejects you, then mostly likely the finance company will as well.
most of the leasing/finance companies charge you a NON-REFUNDABLE credit application fee of ($50-100) then they hit you with a LEASE TRANSFER fee of $200-$350 bucks!! you'd think they'd be gratiful someone wants the darn lease and forgo these crazy fees!!
but lease assumption is great.. since you don't have to put down a down payment to bring down the lease price.
remember though, you'll have to pay for transport/shipping of the car ($400-$1000 depending on where u live), fees assigned by the finance company/broker ($50-$750), and don't forget your local state DMV excise tax on the car!!!!
Anyone that will let you assume their lease without a credit report is a fool. Its usually people with bad credits that are looking for a lease assumption as they try to do it without a credit check. Apparently you have bad credit and are not willing to submit to a credit check or try to qualify for a new lease. This is really a scam that you are tryng to pull.
sosh, how can you be so quick to run to conclusions like that? That was totally unwarranted.
I think you need to read carefully before you reply. I wasn't asking to assume a lease without having my credit run. In my reply above, I mentioned that I'm not fond of leasetrader cuz they want to run your credit report before proceeding. And before that sentence I stated that I didn't know if those 2 sites are legit. Would you so willingly input your SS# on a online site you don't know? If you're so great at deductive conclusions, why didn't you conclude that... "Here's a guy being cautious reaching out to forum members asking for advice" like the other forum members did . Cynical aren't we?
If and when I am ready for a lease I can simply communicate with MB Finance directly, why would I want to risk inputting my personal info on a site I'm not familiar with?
To the rest of the folks here, thx for the feedback and input!
I may be interested in this. Currently have a Black ML500, only 18,000 miles, 3 year total lease with 15K/year. Fully loaded, premium, NAV, Airmatic, etc. e-mail me for any other details if you want. Oddly, my previous car was also an FX45!
I believe it is leased via U.S. Bank (company car actually). rroof@cinci.rr.com
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The thing about common sense is that it is not very common ...
sosh, how can you be so quick to run to conclusions like that? That was totally unwarranted.
I think you need to read carefully before you reply. I wasn't asking to assume a lease without having my credit run. In my reply above, I mentioned that I'm not fond of leasetrader cuz they want to run your credit report before proceeding. And before that sentence I stated that I didn't know if those 2 sites are legit. Would you so willingly input your SS# on a online site you don't know? If you're so great at deductive conclusions, why didn't you conclude that... "Here's a guy being cautious reaching out to forum members asking for advice" like the other forum members did . Cynical aren't we?
If and when I am ready for a lease I can simply communicate with MB Finance directly, why would I want to risk inputting my personal info on a site I'm not familiar with?
To the rest of the folks here, thx for the feedback and input!
I did read carefully. Why then would you be looking for a lease assumption on a lease that has run around maybe a year where your payments will be very close to what you would be paying on a brand new vehicle. Also in most assumtion situations the original leasee is still responsible if you default. why anyone would want to lease to a stranger while still being on the hook is beyond me unless they are in the leasing business. Big Risk!! If someone needs to get out of a lease there are lots safer ways that may cost a few bucks but are lots safer.
if you can't find someone to assume the lease, you'll have to repay the remaining lease terms..... MBFinancial (or any other leasing company) is not just gonna give the car to any shmoe unless they think that person is credit worthy.
Sosh, you have some 1200 odd posts and have been a long time member to this forum and I assume a respected and valued contributor which is why I really don't understand where you are coming from with your last two posts directed at me on this thread.
First you help me out with some advice on selling my FX, then now you attack my character and ridicule my intentions of wanting to assume a lease. Do you have some Jekyll and Hyde syndrome going on here?
Have you ever personally given up a lease or assumed one? If so, you should know then that the person who takes over the lease is solely responsible for all fiscal matters going forward. Only if the current lessor were to co-sign the lease would they be held fiscally responsible for that lease.
I really feel no reason to have to justify to you why I would want a used ML but if you absolutely must know, with the recent birth of my son (which necessitated the sale of the FX due to lack of trunk space), I have much more important things to spend money on. I'd rather scrimp on the things that I want so I can shower him with luxuries I never had as a kid. If that means I have to drive a second-hand MB, what's so wrong with that? I don't NEED to drive a brand spanking new car to feel proud or define who I am. I count my blessings every day for the things the Good Lord has blessed me with and the things that I have been able to experience thus far that most people in their lives will never have the privilege of in their lifetime (and that includes owning a second hand MB).
Want another? Plain and simple, I want to save a few bucks. One can save quite a bit of money by taking over a lease depending on how it's configured and how badly the person wants to get out of the lease since they will add incentives. Check out swapalease.com and you'll see the cheapest ML lease going for $405 with the seller requesting $2000. This is way better than what Prestige MB quoted me on a brand new ML configured similarly with around $3K TOOP and $779/mo.
Need yet one more? Fine, I have that for you… in case you forgot, as mentioned in my very first post, I sold my FX and I NEED a car. The salesperson at Prestige couldn't find one configured the way we wanted in the surrounding NY and Washington, DC area. He mentioned that it would take 8-10 weeks to order one configured the way we want (specified in my Ad). We simply can't wait that long. My in-laws have been gracious enough to lend us their car until we can get ours so a lease assumption is the quickest way into the vehicle we want. We’ve test driven the Q7, the R350 and looked at the XC90 along with the QX56. They just didn’t fit with our requirements for one reason or another. The new X5 will also be late Dec., hence the ML and my Ad.
Still skeptical? Do me a solid and call Brandon Monastersky @ 201.987.2048 (of Prestige MB, here in NJ) asking if a person by the name of Tim had come in with his family inquiring about acquiring a R350 or ML350 in White with Black MB Tex and P2, Xenon, RES, etc.
Look, I’m sure you’re actually a great guy, but do me a favor and stop jumping to bad conclusions and making unwarranted attacks on a newbie to the forum. I appreciate the advice you gave me on selling the car, would now appreciate the same here on finding a new vehicle for my family.
That was totally unwarranted.
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