Total Due At Signing: [$1,250] see fees below
Monthly Payment (incl. tax): [$334]
Heres the deal. I recently lost my job so I’m trying to make ends meet. I want someone to take over my lease. Fees associated with lease assumption are as follows:
US Bank Lease Assumption Nonrefundable Application: 150.00
US Bank Transfer Fee once approved: 500.00
Broker Fees I would like to recoup: 600.00
so im trying to understand how this transfer works
is the person who takes over the lease expected to pay those fees?
or the person who is giving up the lease?
Buyer pays the fees. 650 goes to US Bank. I’m requesting the additional 600 since I just paid 600 in broker fees in order to get such a good deal. The truck is basically brand new, only has 2900 miles. If youre interested, I’ll send you the application via email. You can overnight the packet to US Bank and youll know something with 72 hours. US Bank is very selective when it comes to leases. I’ve heard they need 700 of above credit score, no bankruptcies, and a “good” debt to income ratio.
Asking about his particular situation won’t necessarily be relevant to yours.
It just depends on what kind of deal you want to or have to offer to get someone to take over your lease.
With what he’s asking for in fees, it will effectively add $1250 / 33 months = $38 to the monthly payment.
That might still be a good deal for what he’s offering or it might not.
Depending on how desirable your monthly payment, mileage left, term, etc. is…you might either ask for money or offer to give someone an extra cash incentive to take over your lease.
