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      01-02-2016, 12:04 PM   #5
tturedraider
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Drives: 2006 Sonora E90 330i sport pkg
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

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Quote:
Originally Posted by bobbydigital View Post
I'm mid lease and transferring it to another person. Assume my payment is Jan 22, 2016 and he's assuming the lease Jan 10.

Are lease payments for the month that just passed or the coming month? This impacts the proration calculation and whether I pay him or he pays me.
Unlike a typical auto loan, leases are prepaid. When you picked up your car you paid the first month right then. So you've paid up until the 22nd. The payment due then is all for the new lessee. Personally I wouldn't worry about prorating the overlap this month.
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