Are “Buyers” and “Sellers” free to negotiate their own terms?
The Buyer and Seller of a lease are free to negotiate many details of the lease transfer, as long as they do not interfere with the rules set forth by the specific leasing company or are in violation of any laws. A common example of a negotiable detail surrounds who will pay the leasing company’s transfer fees. Sellers are also free to offer or require cash upfront as a part of the lease transfer deal. Remember, normally the terms of the lease, including monthly payment, mileage allowed and lease-end date remain fixed and are controlled by the leasing company.
The Buyer and Seller of a lease are free to negotiate many details of the lease transfer, as long as they do not interfere with the rules set forth by the specific Property Owner or are in violation of any laws. A common example of a negotiable detail surrounds who will pay the leasing company’s transfer fees(if any). Sellers are also free to offer or require cash upfront as a part of the lease transfer deal. Remember, normally the terms of the lease, including monthly payment and lease-end date remain fixed and are controlled by the Property Owners.
