Specifially looking at Lexus financial services.
is it cheaper to assume someone elses lease than going to lexus and paying a signing downpayment etc?
I think that is going to depend on the deal structure the original customer has and if they are willing to throw any money at the person subletting the vehicle to sweeten the deal.
My brother sublet his 2018 BMW 540i just a couple months ago to a lady. She assumed the original terms of the lease and he gave her $1,000 cash. It was a great deal for her because my brother put down $4,000 and had $3,000 trade equity when he leased the BMW, so he essentially had $7,000 down making the payment lower than many other similar vehicles.
He did not use a company to do this transaction. I knew a lady who was in the market and I knew he wanted get out of the vehicle. He simply started the process by calling BMW, the lady filled out their credit app and within an hour they both received an email saying the lease transfer had been approved.
Had he traded in his lease, he would have been about $8k upside down, so this was win-win for both parties.
Nope - first payment was due when the next payment per original lease was due. No sales tax because it was originally leased in Texas and she lives in Texas as well.
I have seen some leases on Swapalease that are horrible. If you are looking at a new lease always have them price it zero drive off or only first month payment. Never, ever put a down payment on a lease.