How To Transfer Your Lease

Step By Step Guide on Transferring Your Lease in Canada

Step 1

List Your Ad Online

List your vehicle on Lease Marketplace. Make sure to include all important details such as the payment, term and buyout price. All this information should be on your leasing contract that was provided to you at the start of the Lease. If you are unable to find your contract, contact the dealership and they should be able to help you.

Step 2

Find A Buyer

Finding a buyer is the hardest part of a lease transfer, Lease Marketplace is here to make it easy for you. Lease Marketplace helps you find potential buyers for your lease. Once you find a lessee to takeover your lease, most of the work is done.

Step 3

Fees & Credit Check

Dealerships charge a fee called the “lease transfer fee” to transfer your lease to the lessee, the cost varies upon dealers and its best to call them directly to verify. The lessee “the one taking over your lease” also needs to fill out a credit check so that he can get approved by the leasing company, usually this can be found on the dealership’s website.

Step 4

Transfer Your Lease

Yay! All your hard work has been paid off and you can finally transfer your lease. Once the lessee is approved by the leasing company, both you and the lessee meet at the dealership to sign some paperwork and complete the transfer. This usually happens in-person at the dealership and takes 15-30 minutes depending on how busy the dealership is during that time.

Transfer Your Lease

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