Hi,
My cousin's lease car is under my name. He has move to another country for his job. He is asking me if he can just give me the total amount of the lease and let his son drive the car for the remaining of the lease.
I've never done this before, so I'm wondering what happens if I pay the total amount early.
Let's say I can't lease a new car because of the active lease (?). If I pay the current lease amount, am I going to be able to lease a new car?
How does paying off the remaining lease amount work with my credit?
My cousin's lease car is under my name. He has move to another country for his job. He is asking me if he can just give me the total amount of the lease and let his son drive the car for the remaining of the lease.
I've never done this before, so I'm wondering what happens if I pay the total amount early.
Let's say I can't lease a new car because of the active lease (?). If I pay the current lease amount, am I going to be able to lease a new car?
How does paying off the remaining lease amount work with my credit?
What happens if you pay your lease amount early?
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