Transfer of Lexus lease
#1
Driver
Thread Starter
Transfer of Lexus lease
I am in sort of a dilemma here. I have to transfer my parent's Lexus lease under my name but Lexus denied my tier 1 credit for the length of credit history. What other options do I have for the end goal to have the car under my name? I eventually wanted to own the vehicle. I have moved to another state away from my parents and want to have my plates reflecting the state I live in.
Last edited by alir1983; 08-17-18 at 11:43 AM.
#3
Driver School Candidate
I did a 3rd party lease buyout from someone in CA. Find a bank that will work for you and give you the APR u want, the amount of months you want the loan to be, and the amount you can afford every month. USAA (my bank) wrote the check directly to Lexus and Lexus in turn mailed me the title.
#4
You can loan from a bank and buy out this car.
I think to own a leased car is not a wise buy, you'll also pay a lease-end fee.
#5
Driver
Thread Starter
I put 7200 on MSD. I presume that will be checked out upon buyout.
I did a 3rd party lease buyout from someone in CA. Find a bank that will work for you and give you the APR u want, the amount of months you want the loan to be, and the amount you can afford every month. USAA (my bank) wrote the check directly to Lexus and Lexus in turn mailed me the title.
#6
Driver
Thread Starter
I agree but I'm way over the mileage. Instead of paying $2000-3000 in overage. I rather just buy the car out.
#7
Driver School Candidate
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#8
Lexus Test Driver
iTrader: (2)
You could always just pay their lease and when its paid off you can get the title from the finance company.
Most luxury cars are harder to lease transfer a used car than lease brand new, which is insane.
I have heard BMW is far less strict than Lexus and MB for lease transfers.
Most luxury cars are harder to lease transfer a used car than lease brand new, which is insane.
I have heard BMW is far less strict than Lexus and MB for lease transfers.
#9
Driver
Thread Starter
Do they also just return the multiple security deposit upon lease end?
You could always just pay their lease and when its paid off you can get the title from the finance company.
Most luxury cars are harder to lease transfer a used car than lease brand new, which is insane.
I have heard BMW is far less strict than Lexus and MB for lease transfers.
Most luxury cars are harder to lease transfer a used car than lease brand new, which is insane.
I have heard BMW is far less strict than Lexus and MB for lease transfers.
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