Because of work, I need to move out of the country. I leased a Honda Accord this January, and now I must turn in the car early. The manager at the dealer where I leased the car is a friend, and she said she has a friend who needs to lease the car so she can take over the lease for me. However, I must remain the owner of the lease and car with the DMV, and the lady will purchase insurance (300k/100k) and pay the payments. If I accept this deal, I will save over $2000 (the money I have to pay if I return the car back to Honda).
My questions are:
1) What sort of risks am I looking at if I do let her "take over the lease"?
2) Is this recommended?
3) What should I be aware of if I do take the deal?
Thanks to all for answering in advance!
My questions are:
1) What sort of risks am I looking at if I do let her "take over the lease"?
2) Is this recommended?
3) What should I be aware of if I do take the deal?
Thanks to all for answering in advance!