I have a friend who has a 2007 Black Cadillac Escalade that has every option available that was offered (sun roof, navigation, DVD entertainment system, power lift gate/running boards, back up camera, ac/heat seats, 21 inch rims, power everything etc). I have always wanted one. The sticker price was around $66,000 on it 10 months ago. It has 15,000 miles. He is offering me to assume his lease for 700 per month with nothing down at all, and all I do is take it over the payments for 25 more months. He advised he put down 6000 when he leased it. It is mint and in perfect condition. I can drive it 750 miles per month without going over the allotted miles and that is no problem for me as I only use about 400-500. Can anyone with knowledge on vehicle leases/pricing comment? It seems like a fantastic deal to me.
Please no comments about gas prices as I don't drive that far and I love the safety of the larger vehicle. I also can deduct the lease on my business so leasing benefits me! Thanx
2007-11-03 14:23:33 · 1 answers · asked by flafuncop 2 in Cars & Transportation ➔ Buying & Selling
You can't assume his lease. He has no legal right to sign the vehicle over to you. He doesn't own it. He would have to sell the car to you and more than likely that $700 payment would go way up.
2007-11-03 16:43:15 · answer #1 · answered by mccoyblues 7 · 0⤊ 0⤋