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Taking over car lease (history shows accident)
Hi everyone,
Sometime this week I'm about to assume car lease (4 years, 12 months
remaining). All paperwork is done, we just need to go and official
sign the transfer. But, I just found that the car has accident in its
history.
Now, the current owner told me that the car had small accident, just
small dent that was quickly repaired. According to the car history
report, the repair estimate was $775. The car looks OK, whatever it
was it has been fixed. However, I'm concerned that at the end of the
lease I may somehow be held responsible.
After all, this accident reduces car's value.
I asked the lease owner to do technical inspection, and they found the
car OK.
So, what shall I do? Go ahead and take over the lease, or backup?
Thanks
Sometime this week I'm about to assume car lease (4 years, 12 months
remaining). All paperwork is done, we just need to go and official
sign the transfer. But, I just found that the car has accident in its
history.
Now, the current owner told me that the car had small accident, just
small dent that was quickly repaired. According to the car history
report, the repair estimate was $775. The car looks OK, whatever it
was it has been fixed. However, I'm concerned that at the end of the
lease I may somehow be held responsible.
After all, this accident reduces car's value.
I asked the lease owner to do technical inspection, and they found the
car OK.
So, what shall I do? Go ahead and take over the lease, or backup?
Thanks
