Question about being a lease cosigner.

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01-11-20 | 10:54 AM

#106

Och

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From: NY

Quote:

Originally Posted by Bob04

If the lease was up in May or June, wouldn't it have just been cheaper to make the remaining payments and drive it until then?

Then I would have to pay for the insurance and I really don't need another car. Plus BMW doesn't let you change registration when there is 6 months or less left on the term.

01-11-20 | 11:35 AM

#107

Bob04

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Joined: Jul 2007

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From: SC

Quote:

Originally Posted by Och

Then I would have to pay for the insurance and I really don't need another car. Plus BMW doesn't let you change registration when there is 6 months or less left on the term.

That sucks. Lesson learned. Hopefully your friend makes it right one day.

01-11-20 | 01:42 PM

#108

Toys4RJill

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Joined: Nov 2011

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From: ON/NY

Quote:

Originally Posted by Bob04

If the lease was up in May or June, wouldn't it have just been cheaper to make the remaining payments and drive it until then?

I guess it would be cheaper and more cost effective to garage the daily driver and drive the leased vehicle for until the payments were done. Deferring all the wear and tear of the OPs model till later. As a co-signer, do you have the legal right to drive the car?

Last edited by Toys4RJill; 01-11-20 at 01:46 PM.