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how take over lease payments?

Old May 29, 2006 | 04:49 PM
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hardtocope's Avatar
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how take over lease payments?

My car is leased and my question is can some else take over the lease payments so i can get a different car? My car is on a smartbuy which is basically a lease. A friend of mine wants to take my car from me and just take over the payments. Is that possible?
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Old May 29, 2006 | 05:20 PM
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Yep, the person taking over has to be approved by GMAC and there is a fee for doing it. It's $450 in Canada.
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Old May 29, 2006 | 05:28 PM
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Originally Posted by hardtocope
My car is leased and my question is can some else take over the lease payments so i can get a different car? My car is on a smartbuy which is basically a lease. A friend of mine wants to take my car from me and just take over the payments. Is that possible?
As long as their credit is good.
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Old May 29, 2006 | 05:53 PM
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From: florida
atleast a 595 credit score.
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