Hi, Does anyone know if taking over someone else's lease is a good/bad idea? There are a couple of internet sites www.swapalease.com and www.leasetrader.com that seem pretty good. Do you know if the credit requirements are the same as for a lease directly from a dealer? Right now my scores are EQ 680, TU 678 and EX 658. This time 18 months ago my highest score was 606!!! Thanks for the help
It's a good idea if you ONLY want the car for less than the normal 3 year lease period. As far as I know, the qualification requirements are the same. You must decide if you want to go through the same trouble to take over what is essentially a used car. If you do be sure to have the car fully inspected so there are no ugly surprises when the lease is over.
