HELP Complicated Lease contract!!!
Thread Starter
Driver School Candidate
Joined: Apr 2009
Posts: 2
Likes: 0
From: FL
HELP Complicated Lease contract!!!
So, Im trying to lease an 09" is250 in FLORIDA.
My rate didn't come out to be excellent. Therefore, I'm registering this
vehicle under my father's name. And Put me as a secondary driver under his
insurance. His residency is in state of NewYork. Since, all documents have
to be sent back and forth between FL-NY . They require notarize on all lease
contract papers. Which my father failed to do so. Now, the dealer says it has
to be notarized or the deal is off! Apparently, my father is gone out of
country for 2months. Dealer has the signed contract in their hands, just It
was never notarized.
What would be my chances of getting this car tho?
Finance Manager said it won't happen.
But!!!!!!!!!
I need your opinions. Thank You all!
My rate didn't come out to be excellent. Therefore, I'm registering this
vehicle under my father's name. And Put me as a secondary driver under his
insurance. His residency is in state of NewYork. Since, all documents have
to be sent back and forth between FL-NY . They require notarize on all lease
contract papers. Which my father failed to do so. Now, the dealer says it has
to be notarized or the deal is off! Apparently, my father is gone out of
country for 2months. Dealer has the signed contract in their hands, just It
was never notarized.
What would be my chances of getting this car tho?
Finance Manager said it won't happen.
But!!!!!!!!!
I need your opinions. Thank You all!
Last edited by NYC-ES300; Apr 12, 2009 at 12:22 AM.
I'm a little confused on what you're looking for. If the finance manager says it can't happen, then you gotta wait for your father to get back in the states. Seems that you are out of luck though, sorry.
Lexus Test Driver
Joined: Jun 2006
Posts: 1,188
Likes: 7
From: FL
It's reasonable that they want the document to be notarized. Otherwise anyone could sign it and send it back.
There's all sorts of other problems with this, though. Are there going to be FL plates on the car? You mentioned that you're the second driver per insurance, but the reality is that you're the primary driver living 1,000 miles away from your dad with a car that isn't even registered in the state in which he lives. If I was your insurance agent, I'd probably have a few questions.
By the way, if you know where your dad is, why can't you overnight mail him the documents, have him notarize, and send back?
Good luck, but this sounds a bit messy.
There's all sorts of other problems with this, though. Are there going to be FL plates on the car? You mentioned that you're the second driver per insurance, but the reality is that you're the primary driver living 1,000 miles away from your dad with a car that isn't even registered in the state in which he lives. If I was your insurance agent, I'd probably have a few questions.
By the way, if you know where your dad is, why can't you overnight mail him the documents, have him notarize, and send back?
Good luck, but this sounds a bit messy.
Lexus Champion
Joined: Sep 2006
Posts: 3,102
Likes: 8
From: Hill Country, TX
Exactly! Get ahold of your dad and overnight the papers to him. He can get it notarized anywhere if he presents positive ID (Passport). I've lived overseas for many years and have sold real estate while overseas. There is always a way. Just get on it.
no notarized = no deal..... only thing you can do since ur father is out of town is wait.
Just be patient bro. Youre leasing a brand new car so im sure in a couple months ull find another car and im sure they're honor their current deal.
Just be patient bro. Youre leasing a brand new car so im sure in a couple months ull find another car and im sure they're honor their current deal.
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well ya know... i wouldnt call it FRAUD exactly. Its called a "straw party deal". Its not so bad that its his dad. Alot of parents buy cars for their children even though they wont be paying for most of it or even driving it. It could be worse in my opinion..... but nonetheless not the most honest thing.
Lead Lap
Joined: Oct 2008
Posts: 667
Likes: 0
From: Texas
well ya know... i wouldnt call it FRAUD exactly. Its called a "straw party deal". Its not so bad that its his dad. Alot of parents buy cars for their children even though they wont be paying for most of it or even driving it. It could be worse in my opinion..... but nonetheless not the most honest thing.
I would call it fraud, and so would LFS, or any bank. It's against the law, and LFS can hold the dealer responsible for the entire amount of the loan and demand immediate repayment.
It's a straw purchase, which is fraud, and violates numerous laws. But I guess you're right, no big deal.
Last edited by kalvano; Apr 13, 2009 at 08:22 AM.
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