Lease Trader?

[luxury1]

I have owned my 2005 Boxster for 1.5 years and LOVE IT! With that said, my wife just told me that she is pregnant and thus I need to start thinking about a family vehicle.

I have been thinking about doing lease trader to allow someone else to assume the payment (735.24 / month - 15,000 miles / year) until the lease expires in 1.5 years. Has anyone done this? If so, how has it worked? Finally, if someone assumes the lease from Porsche financial, do they assume the entire lease or am I still legally responsible?

Thanks!

[986speedster]

I have looked into it, and the person willing to take over your lease has to fill out an application with Porsche Financial, and once approved, assumes full responsibility. Your time with Porsche Financial is over. I know someone who has done this with their BMW 750i, and had no problems. Some people on the sight offer the potential leasee money to take over the lease also. Usually $1000-5000, depending on the value and eagerness to get out of the lease. Hope this info helped.

Lux1, why get rid of the Boxster? It looks like you have 2 other cars that fit your wife's desire for a family car.

Congrats on the baby news!

[luxury1]

Hey bmussatti, long time no talk!

Well it just comes down to the fact that I won't be using it at all since there will be a child. Right now the box is our fun car, RX is my work car/beater and the LS is our luxury car which I take very good care of (I definitely don't want that car messed up with vomit, cheerios, etc). Even when we go to dinner now we don't take the porsche since my wife is my D.D. and won't learn the manual transmission. Thus it seems fitting to get an SUV that will be devoted to family activiites and will be her main car.

[Perfectlap]

HA!
My bud just had a kid and let me tell you driving his sports car is his little cocoon of male escapism! Don't get rid of it until after you have lived with your newest family member. Congrats.

[djomlas]

how big do you expect this child to be for you to need to get an SUV?