The $25000 is the sum of lease payment of 18 months left of the lease. I jsut want to assume the lease. I have the money to pay 18 month up front. Since they don’t wanna finance me.
There is something you have on your credit report they don’t like. You’re not going to get an overturn if you had 2 denials at this point. They will not let you do what you propose. Figure out what’s wrong with your credit, fix it, and try again. You’re outta luck on this one, like it or not.
Kicking and screaming on a web forum isn’t going to do you any good either.
I’m asking since US bank closed. Why can’t I pay the 18 months lease payment up front to acquire the car lease ? I’m getting denied. I have 4 cars on my name.
Because you’re forgetting about the residual after the 18 months of payments. Probably at least another 50k. You need to be qualified to take over essential the loan on that 50k as well as the remaining lease payments.
Here is your answer, probably. And it’s been explained to you before: it’s not just 25k lease payments, you are also taking the whole car for 18 months and US Bank does not want to give it to you, period.
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Thanks for clarifying.
Ok thanks guys. I’m a car degen. I’ll figure something out. Co-signor is the only way.
Did they say why you were declined? Maybe when you return some of your cars, your DTI will be lower, so you would get approved?
Speak to a good financial advisor and they’ll be able to untangle the ball of wool and offer suggestions, probably cheaper than those credit applications. I was worried I might be in your situation when I was trading in my old lease for my new one and for that month it might appear we were juggling 3 car leases instead of 2, thankfully it didn’t cause an issue though.
I have 4 cars 110k car debt. No other debt. At this point I’m getting a primary co-signer. Yea the 3rd app fee is annoying. But I’m not gonna give up. This Tesla thing got me in my feels!!! Screw the Escalade and M3.
US Bank doesn’t do well with Co-signers. We have a deal turned down right now. The way US bank explains it is that each person needs to be able to qualify on their own for there to be a co-signer situation. Basically they don’t want co signed deals
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Does it have anything to do with US Bank historically being a subprime lender?
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Why is US bank so hard to get approved ?
All that left is just to post your SSN.
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i just want someone to say this will get approved. i cant sleep at night knowing I can’t get a tesla.
Bunch of strangers can tell you anything. It does not mean anything. You have the right to request the denial reason from the bank by law, as far as I know. So do it.
So now you plan to have your mom be the primary and a business partner co-sign on a Tesla transfer for you to drive? 
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I’m a responsible person, I just have a love for cars.
Google “car straw purchase” first.
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Those happen all the time… 