My leasing company indicated that my obligation must remain on the lease should someone else take-over my leasewhat should I do?
If your leasing company (the lessor) has that particular draconian policy (I say “if” because GMAC and other major companies have rid themselves of that policy); you can proceed forward keeping the following in mind. Leasebusters has witnessed every major leasing company relax that policy after they have reviewed and approved the credit of the prospective assignee. If the new customer’s credit is as good as or better than yours, the leasing company will release you (they will claim on an exception basis). The bottom line consists of two final points; (1) If the new customer could qualify for a new lease from that leasing company; why would the leasing company want your obligation to remain on the lease and (2) If the leasing company approves the new customer, they would not stand a chance at getting any money from you in court because they (the leasing company) approved the credit of the assignee originally. This fact is why GMAC and other companies removed that policy. Furthermore, as
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