How much does it cost to transfer a lease?
When a lease is transferred, the dealer or leasing company must carry out various administrative tasks (credit approval, approval from head office or other party, clerical work, new contract, etc.) and charges a fee for this work. These transfer fees vary from one dealer or leasing company to another (example: Infinity charges a transfer fee of $500 plus taxes.) If you wish to terminate a lease agreement, simply call the original dealer’s head of sales and ask for the costs related to lease transfers. The seller usually assumes these costs and those associated with vehicle inspections. The original dealer must carry out the physical and mechanical inspections. The vehicle’s owner does not change, only the legal leaseholder. For example, a BMW with a lease agreement financed by BMW Group Financial Services Canada belongs to BMW Group Financial Services Canada; if the lease agreement is transferred to another person, BMW Group Financial Services Canada remains the owner of the vehicle; o
When a lease is transferred, the dealer or leasing company must carry out various administrative tasks (credit approval, approval from head office or other party, clerical work, new contract, etc.) and charges a fee for this work. These transfer fees vary from one dealer or leasing company to another (example: Infinity charges a transfer fee of $500 plus taxes.) If you wish to terminate a lease agreement, simply call the original dealer’s head of sales and ask for the costs related to lease transfers. The seller usually assumes these costs and those associated with vehicle inspections. The original dealer must carry out the physical and mechanical inspections. The vehicle’s owner does not change, only the legal leaseholder.
