Stay Informed: Transfering a car lease

It is important to remember that the only way to properly transfer a lease is through the leasing company who holds the lease without exception. The basic lease transfer process is the same for all leasing companies and involves three primary steps.

1. An individual wishing to exit their lease reaches an agreement to officially transfer the lease to an individual looking to take over the remaining terms of the original lease agreement.
2. The individual wishing to assume or takeover the lease submits a credit application to the leasing company who holds the lease. The leasing company will then make a decision on the credit worthiness of the applicant.
3. If the lease buyer’s credit is approved, then lease transfer documents are prepared by the leasing company that will need to be signed by the original lessee and the assuming party. The transfer is complete when the signed documents are returned to and processed by the leasing company.

There are variations in the fees and details for each leasing company, but the three primary steps will hold true regardless. Again the only way to properly transfer a lease is through the leasing company who holds the lease without exception.

To exit your lease or takeover a lease both properly and safely, contact swapalease.com by calling 1-866 SWAPNOW (1-866-792-8669) or visit swapalease.com, the world's largest lease marketplace.