Lease transfer
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Joined: Jul 2017
Posts: 742
Likes: 330
From: FL
Before I purchased my LC - I tried taking over someone else's lease who had his LC for only 3 months (back in 2017). Keep in mind that Lexus won't allow a lease transfer unless your credit score/history, etc. is better or the same as the person who is on the lease already. Nevertheless, I tried (taking over the lease) and failed despite my score being higher than the current owner's by 20 points (my score was averaging 800 across all 3 bureaus). I then tried again, by having my brother co-sign (who's a physician with 800+ score as well), and they denied it as well.
So - it might only be that Lexus doesn't want to allow the LC to be transferred since it's such a low volume vehicle - they'd rather have the interested party go for a new one or L Certified pre owned. That's my take/experience on it - and someone else's could've been different.
So - it might only be that Lexus doesn't want to allow the LC to be transferred since it's such a low volume vehicle - they'd rather have the interested party go for a new one or L Certified pre owned. That's my take/experience on it - and someone else's could've been different.
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Driver School Candidate
Joined: Dec 2005
Posts: 15
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From: CA
Lexus lease told me that after they get the credit application from the prospective transferee and all my paperwork it will take 8 weeks or more to complete the transfer. Sounds like they really do not want transfers.
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Joined: Apr 2018
Posts: 573
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From: New Mexico
Lesson Learned - Don't get leases, or as I've heard them called, fleeces, on vehicles. Buy the thing or move on.
As I've been told "Don't buy buy things we don't need with money we don't have to impress people we don't like."
My 2 cents worth . . .
As I've been told "Don't buy buy things we don't need with money we don't have to impress people we don't like."
My 2 cents worth . . .
Last edited by DRGibbons; Dec 11, 2020 at 12:49 PM.
Pole Position
Joined: Jul 2010
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Have you been to Lexus of ABQ to see their SGM/red leather LC 500 'vert yet?
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Joined: Apr 2018
Posts: 573
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From: New Mexico
Unfortunately convertibles are not my thing. I'll stay with by carbon fiber roof coupe, thank you.
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Joined: Dec 2018
Posts: 217
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From: Hamilton
Your two cents is worth a lot more than that, couldn't agree more.
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