Assume Truckmount Lease??

Who holds the title, and are they approving the sub-lease?

Doesn't sound like a sub-lease, just an outright assumption. It would have to be approved by the lender. Pictures would help a bunch.

The leasing company is not going to let someone assume somebody else's lease. Maybe years ago, but not now. The company will usually be happy to start a new lease if you are qualified. Or if both parties have the guts, the original lessee can keep everything in his name, pass the truck on to guy #2, and trust guy #2 to pay him so that he can make the payments, and hope the leasing company doesn't catch wind.

The pease company would rather post lease and get their money. rather than the initial leasee defaulting. But Eyeball might be right due to the massive crash... So Its an awesome deal for anyone to get a great machine with a very attractive setup.
And its probably a btter buy than that auction site. JMTP "just my two pennies"

My point is that this might not be an awesome buy. Actually, not a buy at all, but a lease. I disagree the leasing company would rather sub-lease. They absolutely would not. Why would they let a third party acquire their property when only the second party has guaranteed payment? This is a red flag that party 2 can't bone up. And party 3 could be in Juarez. Trust me, a sublease, or whatever nomenclature you want to assign, ain't gonna happen.

eyeball its easy to assume a lease. its not a sublease. because the leasee its placing a massive risk on his behalf. Yup the Juarez issue. thank you buddy, mine now see ya before I pay ya.. lol

I assumed a lease on a BMW a few years back. I had to do the paperwork then kept it after the term. with 8K miles and over half paid for. it was win win for both of us. because the lease company would had to possess it, auction it off, then hope to collect the remaining balance before the party filed chapter 13.

Auto lease and equipment lease are different.

Got that right Dad. ain't gonna happen. The best part of a lease is getting out of it.

Key phrase. Not the same now as it was just a few years ago. I'm not pulling this out of my butt. I wouldn't argue this if I didn't know. I just called several leasing companies in the Fall about this and I have good credit. No go. Doesn't happen any more.

Those Interlink Leases are hard to get out of. Probably not going to happen unless you know the secret handshake.

Or go on a mission.









j/k

Hey that is great to hear. Now all you got to do is look to see if the lease "assumee" wears a Rolex or has Gold Cufflinks to know wether he is likely to meet the "credit worthy" test.

People seem to assume a lot of things on here.

Funny how many people say no company will do that (i know it all). Why not say more than likely or in most cases or whatever?

Too many people talk like everything is fact when often it isn't.

I JUST DON'T GET IT.

You just made a generalization in the midst of your own complaint about people who make generalizations. Personally, I leave out the "more than likely's" because they are assumed, and its faster to type by omitting them.

Anyway, is it so hard to believe that a person who has direct experience in a subject can't lend some topical advice? I know I appreciate that.

Interlink aka aztex is the easiest place to be financed.. they will finance anyone. Alot of non interlink distributors hate them cause they approve everyone.. Aztex will even let you put your home and personal cars up for callateral... Why do you think Interlink has so many setups for sale on this site? Cause they finance anyone.. and then they default

Could you just sell it and pay off your lease if you told the lease agency what your doing because all they really want in the end of a bad deal is their money back?? Let the buyer get their own financing and give the lump sum over to guito before he breaka your knee caps LOL

still only theoretical though, they just want him to keep making payments so interlink is providing hope. We'll see if they actually allow assumption of the lease, they can say anything but putting it in writing is a different story.

the point was still solid, credit is different today then 5 years ago.