Assuming a Leased Car

• 1). Research leasing companies. Most leasing companies allow someone to take over the payments of a leased vehicle. You need to find a leasing company and either go to their website or visit them in person to search which cars they have so you can pick one that you like.
  
  
• 2). Contact the lease seller. You can do this on your own or through the leasing company.
  
  
• 3). Do some homework before agreeing to take over the lease. Find out how many months are left on the lease to make sure those are the terms you want. Understand your obligations. Run a Carfax, using the vehicle's VIN, to make sure the car has not been in a serious accident.
  
  
• 4). Get a lease agreement from the seller.
  
  
• 5). Obtain service records. You should know what services have or have not been done on the car.
  
  
• 6). Fill out the paperwork. Once you have found a car and everything checks out all right, fill out and turn in the paperwork.
  
  
• 7). Make sure the seller signs the paperwork.
  
  

Assuming a Purchased Car

• 1). Do your homework. Owners who are upside down on their car loan, meaning they owe more than the car is worth, and want to get out of the loan would rather have someone assume their payments than sell their car, take a loss and still have to repay the loan. However, not all lenders allow the purchaser to do this, so it is up to you to make sure this is allowed by checking the car's loan contract or the lender itself.
  
  
• 2). Make sure you get records. Be sure you have a record of all the payments that have already been made, lender information and the loan document.
  
  
• 3). Find out what the payoff balance is.
  
  
• 4). Do the same homework you would do for the lease car, such as running the Carfax, checking the service record and filling out and having both parties sign the paperwork.