Lease Transfer

Lease transfers allow lessees to exit their lease agreements early by transferring the responsibility for payments and the vehicle to another qualified individual. For consumers, lease transfers provide flexibility, avoiding costly early termination fees while giving someone else access to a short-term lease without upfront costs.

For lessors, transfers require approval to ensure the new lessee meets credit and financial requirements. For dealerships, lease transfers keep vehicles under contract and may lead to future sales opportunities.

Online marketplaces now facilitate lease swaps, connecting individuals looking to exit leases with those seeking short-term arrangements. However, some contracts impose transfer fees or limit eligibility.

Ultimately, lease transfers demonstrate the adaptability of leasing structures and provide an alternative to early termination, benefiting both exiting and incoming lessees.