Hi all I know US bank tends to limit lease assumptions but they connected me to a line to leave a voicemail. I am being relocated internationally. Does anyone know if they ever approve lease assumptions for this situation?
According the swapalease site it’s only in the case of death or divorce.
Got it! It seems as though under the lease agreement I can let someone drive it though as long as they have insurance and a valid license. It’s pnly 500 a month so it’s not a crazy amount of money but seems like a waste to pay that for two years on a model y I won’t be driving
Yes but you are required to have insurance on the car as long as you’re the lessee. Perhaps you can trust someone not to go over miles and be a good steward of it while you’re gone, but this is this risk. You can ask the costs for early termination.
Also @Anthony_Lopez has helped some people get out of US bank leases before.
1 Like
In case helpful us bank will auction. Bc my car is worth 600 less than full return early cost it’s costing me 600 bucks assuming successful auction. PITA compared to a transfer but reasonable solution if book value isn’t awful
I’d have someone pull those recent auction results… to have a sense of the risk.