Is My Lease Transferable?
Whether you can transfer your lease to someone else depends entirely on your finance company's own policy — some allow it freely, some require a credit check and fee, and some restrict or don't allow assumption at all. There's no universal answer, and policies change, so the only reliable source is your finance company itself.
How to check, step by step
Read your lease contract's assignment clause
Look for a section titled "Assignment," "Transfer," or "Substitution of Lessee." It will say whether transfers are allowed at all, and may list conditions (credit approval, fee, dealer involvement).
Call your finance company directly
Don't rely on what you remember signing or what you've read online — policies vary by lender and change over time. Call the number on your lease statement and ask two direct questions: "Does this lease allow transfer or assumption to another person?" and "What's the process, fee, and credit requirement for the new lessee?"
Ask who pays the transfer fee — and check for a dealer document fee too
Transfer fees are typically paid to the finance company, not the seller — but who's responsible (buyer or seller) is often negotiable between the two of you. Settle this before you list. If a dealership is handling the paperwork, ask them separately whether they charge their own document/administrative fee — it's a different cost from the finance company's transfer fee.
Get the answer in writing
Ask for an email confirmation or a reference/case number for the call. If a buyer's credit application is later denied or the finance company disputes the transfer, you'll want proof of what you were told.
Then list your lease
Once you've confirmed transferability, listing takes a couple of minutes — we ask you to confirm you've done this step and to note your finance company so buyers know what to expect.
Already confirmed?
List your lease for transfer — it's free, and takes a couple of minutes.
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