I am about to purchase a used vehicle from a person who is still under a lease. His lease ends in 4 months however he would like to sell the vehicle to me. The vehicle is being sold under market retail value. The car is a 2001 Acura - CL Type S and the price is $14,500. He requests that I write a check to CHASE banking, the legal title holders. He will need to chip in an amount $1,500-$2,000 because the retail value is $16,xxx. He invited to come to his house this Tuesday so that both he and I can write down a check and fill out a form that will "release the vehicle under my name." I will receive a title in about a week. All this information is coming from him.

Has anyone encountered this experience before? Or should I run away from this "deal." I'm being extremely cautious, however, I don't want to pass up on a good thing.

Please help me! Suggestions / resources welcome!