Safety of subleasing

Ask the Hackrs
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I think I know the answer to this, but I thought I’d ask anyway. :slight_smile:

I have 12 months left on a BMW I3 REX lease which is a great deal (217/mo with tax, 15k miles left).

I’ve got someone who wants to take it over, but I realized that changing ownership will mean two things:
a) lease insurance of $7500 towards return damages is not transferrable
b) BMW free maintenance may go away

The buyer suggested he’d be willing to sublease from me, which I think is bad because there’s really no upside for me, and plenty of risk if the car is still in my name. But, when you use a service like Turo, isn’t that similar? I’ve been debating just keeping the car for the 12 months and sticking it on Turo but I don’t know that any profit would exceed my insurance costs.

So - is subleasing even possible? Since my insurance company is listed as the lienholder on the title, I don’t even know if it could be done.

Thanks.

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It is against the terms of your lease and a terrible idea nonetheless - not to mention, Turo is also against the terms of your lease.

You remain completely liable for anything that happens - missed payments, damage to the vehicle, additional wear and tear etc.

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no no no no no no no no no no no no no no no no

I hope you get the point

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