Make the payments on my leased car under my name? (Notarized contract)?
I'm trying to sell my leased car because I'm looking to get another one. Honda doesn't allow lease takeovers so I have the option of either:
A) paying the buyoff amount then selling it.
B) Turn it in early and pay a hefty amount ($3,000)
C) selling it to someone else and having that person pay in whole or finance it through their bank
So today I had someone contact me saying they were interested. However, the person is looking to buy a home in 6 months and can't run his credit. He came to see the car and brought his family. He lives locally, owns a business, drives a challenger srt, and seemed like a very honest man. He said he wanted my car for his wife and kids. He asked me if I d be willing to allow him to drive the car under my name for 6 months until he gets the house, then he ll takeout a loan at the end of six months and pay off the car. He said he d have full coverage for the vehicle and would take the car to get serviced on time. He also said he wanted to sign a notarized contract saying he d make every payment, buy the car at the end of 6 months, would have full coverage for the vehicle, and take care of it and if anything happened I d be notified. Like I said, he lives locally, doesn't seem sketchy at all, and is willing to sign a notorized contract. Is this something I should do? Would appreciate the feedback, thank you
Hi so where does the money come from to pay off HONDA. As it needs to be done prior to the sale by at least a day.
How do thimk you can sell a leased vehicle when you don't own it?
NO.
This is a scam artist. Scam artists always seem honest.
Its an illegal sublease.
You are trying to sell a rented car that isn't yours.
It doesn't work like that.
Not yours to sell or pass off to another person while in your name
Nope
You can't sell something that doesn't belong to you.
This has BAD IDEA written all over it. You really only have two options… Ride out the lease or pay the early termination fee.
READ the lease contract you signed when YOU got the car. See what it says about "Sub-letting" the vehicle. A "notarized" contract doesn't have any LEGAL standing if YOU don't have the authority to take the action you are talking about.
If you want LEGAL advice, go talk to a lawyer.
You can't sell it without buying it first.
The joy of leases. You signed up for the length of the lease. Stick to your commitments.
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