Infinity Dealership Lease Assumption Paperwork

Introduction to Infinity Dealership Lease Assumption

When considering the assumption of a lease at an Infinity dealership, it’s essential to understand the process and the paperwork involved. Lease assumption allows a new lessee to take over the remaining term of an existing lease, which can be beneficial for both parties. The new lessee can avoid the initial costs associated with leasing a new vehicle, such as acquisition fees and high monthly payments, while the original lessee can escape the lease without incurring penalties.

Benefits of Lease Assumption

There are several benefits to assuming a lease at an Infinity dealership. Some of these benefits include: * Lower monthly payments, as the initial high payments have already been made * Little to no down payment required * The opportunity to drive a luxury vehicle for a shorter period, typically between 12 to 24 months * Avoidance of mileage limitations and wear-and-tear fees associated with a new lease * The possibility of having additional features or options that may not be available on a new lease

Infinity Dealership Lease Assumption Process

The process of assuming a lease at an Infinity dealership involves several steps: * Step 1: Find a Lease to Assume - Browse available leases on the dealership’s website or visit the dealership in person to find a vehicle that suits your needs. * Step 2: Review the Lease Terms - Carefully review the lease agreement to understand the terms, including the monthly payment, mileage allowance, and any existing damage or excessive wear. * Step 3: Apply for Lease Approval - Submit an application for lease approval, which will include a credit check and review of your financial history. * Step 4: Inspect the Vehicle - Conduct a thorough inspection of the vehicle to identify any existing damage or issues. * Step 5: Sign the Lease Assumption Papers - Once approved, sign the lease assumption paperwork, which transfers the lease obligations to the new lessee.

Lease Assumption Paperwork

The lease assumption paperwork typically includes: * Lease Assumption Agreement - A contract outlining the terms of the lease assumption, including the monthly payment, lease term, and mileage allowance. * Vehicle Inspection Report - A document detailing the condition of the vehicle at the time of lease assumption. * Lease Transfer Form - A form that officially transfers the lease from the original lessee to the new lessee. * Payment Schedule - A document outlining the payment terms, including the monthly payment amount and due dates.

Document	Description
Lease Assumption Agreement	Contract outlining the terms of the lease assumption
Vehicle Inspection Report	Document detailing the condition of the vehicle
Lease Transfer Form	Form that officially transfers the lease
Payment Schedule	Document outlining the payment terms

📝 Note: It's essential to carefully review all paperwork before signing to ensure a smooth and successful lease assumption process.

Conclusion and Final Thoughts

Assuming a lease at an Infinity dealership can be a smart and cost-effective way to drive a luxury vehicle. By understanding the process and paperwork involved, individuals can make informed decisions and enjoy the benefits of lease assumption. It’s crucial to carefully review the lease terms, inspect the vehicle, and sign the lease assumption paperwork to ensure a successful and hassle-free experience.