I have 14 remaining payments on my 2018 RDX lease at $299/month. I got a great deal on the car however due to our family growing I’m in need of a bigger car. The car is leased through Acura financial whom as you know does not allow lease transfers.
My sister is going to take over my lease unofficially. She’s going to get rid of her car, cancel her plates and her insurance and we’re going to add her to my RDX as a third driver.
Any other bases that I need to cover to do this properly and mitigate any risk? We’re very close so not worried about skipping payments or anything just more so want to make sure I’m doing the insurance and everything properly.
I haven’t seen an Acura lease contract, but every other lease contract I have seen explicitly prohibits sub-leasing, which is what you’re doing. Most likely you’d be fine because nobody will notice, but I’d be a little bit worried about what would happen with insurance/bank if she were to get into an accident with the car.
Just to summarize…Outside of this bordering on being fraudulent, and potentially messy should there be an accident/total loss, and of course the whole virtual paper trail admitting fraud, not to mention having family meddling in your finances indirectly, especially should she lose her job and not be able to pay the note causing you damage on your credit file, We think you’re golden.
People act very rationally all the time. Particularly with a car that is more or less not theirs.
For sure there’s no way this ends sideways when the sister’s brother-in-law’s 17-year-old gets drunk because his GF dumped him in study hall and takes the car out for a joyride and totals it.
Or the fact that the person “borrowing” the car has been on the insurance for however many months? I guess it becomes a question of who you want to lie to more - the insurance company or the bank?
I guess in the event of a loss, if my insurance company can stumble upon this thread and piece it together with my identity as proof of my fraudulent activity then they more than deserved to win the court case.
IANAL, but find me one that wouldn’t salivate over this case if you should get busted?
You admit Acura won’t allow transfers, but you’re going to do it anyways…fraud doesn’t get a pass just because you’re transferring to a relative. You’re also not alerting Acura of your sister, despite the fact they loaned you money and vetted your credit.
You can’t sublease your car per contract. That’s exactly what you’re doing. Strike 2.
You’re adding her to insurance as a 3rd driver but presumably not also updating the garaged address of the car due to your fraudulent handling of a transfer. Strike 3.
Yet I’m the one not grounded . Like @anon92897398 said, just because the likelihood of you being caught Is pretty low doesn’t magically make this all ok. Further, if this were done to you somehow in reverse, I’m sure you’d be highly pissed. But I guess it’s ok to scam the big bank.
But hey, do what you want. It ain’t my problem one way or another.
I think the tin foil hat is on a little tight, maybe take a brief break from wearing it. Not here to have a delusional argument over the likelihood of in a year if my sister gets into an accident, my insurance company hoping online to “Leasehackr” and piecing together information based off of the keywords “RDX” and “sister”.
The quote that I received was to garage the vehicle at her nearby address which is beside the point. But thank you anyway for presenting the prosecutions side. I apologize that I roped you into spending your own time outlining a pretend court case. That was not my intention.
Again appreciate the theatrics. I can now skip my true crime Podcast for today and let’s just hope that my prime tier credit survives her impending job loss. I guess when the unfortunate event occurs of her nonexistent brother in laws son totaling the car while high on bath salts and she has zero dollars for a $299 payment, and my insurance browses tens of thousands of threads on a hobby site looking for anything linked to a rare RDX I’ll have to take my life sentence. I hope that I can trade in some of my homemade jailhouse cigarettes and hooch for some Internet time from behind bars so that I can make sure to let you know how this juicy story ends. Maybe you can mail me one of your shiny hats.
Also not sure why were talking about scamming a big bank? It’s cute that you think that my “big bank” is concerned about ethics and anything other than repayment.
no need to elaborate 
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