Quote Originally Posted by Rooskibar03 View Post
There is a site called lease swap where you can "transfer" your lease to someone else. That said, as is the case with most things in life, there is a catch.

I do not know of any lender that will transfer the lease itself, so you are basically transferring the payments. If that person doesn't make the payment, it's on you and your credit history. If that person does make all the payments and then turns in the leased car with excess miles or damage, the bills on you if they don't pay.

Basically you are opening yourself up to a world of hurt by doing so. Only way out of a lease is to sell or trade the car. Sell it to a private individual for the payoff amount and you are off the hook. Take it to dealer and ask them if they will buy it from you you may have to come up with some cash to offset the difference but its way better then the unknown of someone not making your payments.

Trust me you don't want to miss a payment with a major auto lender.
Yeah, my crappy advice is that the "buyer" get financing of their own, completely separate from the arrangement the seller has with their original/outstanding lender. Then the payoff amount is "bought" with the money the buyer acquired from their new lender. Perhaps a dealership can help with escrow with this kind of deal.

When I sold my last motorcycle, I still had some payments on it but wasn't quite upside down. I took out a loan from my credit union to pay off the loan, got the title in less than 2 weeks, then sold it and immediately took that cash and paid off my new cash loan I had with the credit union. (probably does not apply to that person's particular situation, but it's just an idea).