How to transfer lease?

[__Kingpin__]

I want to transfer the lease for a car i bought in 06. it still has 2 years left.

how do i go about doing this, also do i get something out of it? or i just simply give the car/keys away after the transfer.

we bought the car at 0% down

[Hot Ice]

Unless you got the dealer to mark the price down to something ridiculously low, or your lease payment is really low for some super car, there is no chance you'll be able to give the key to someone else without giving them some cash to take over.
A lot of lease companies lost their shirts even when they were charging 5% lease rate with the full MRSP of the car. This is because the lease end value of the car is actually higher than the price of the market.

[freebie]

It depends on whether you have someone lined up to take over the lease. If a child/friend/relative wants to take it over, then it should hopefully be a straight-forward process with the paperwork. You'd have to contact the leasing company for details.

If you want to get out of your lease but don't have anyone lined up, then it's gonna cost you some $$$. Check out Lease Busters at www.leasebusters.com/en/default.asp

[__Kingpin__]

i already have somebody lined up to get the lease.

the thing is though, would it be a straight up give/take process? or is there some cash involved?

[coriolis]

i already have somebody lined up to get the lease.

the thing is though, would it be a straight up give/take process? or is there some cash involved?

Theres a lease transfer fee, I think its $500. There might be a license transfer fee too, if hes using the same plates.

[chileung]

I actually just did one with Honda. The transfer fee was 750 dollars plus tax. The price will vary depending on car manufacturer.

[ac328]

Uhh have you actually read the fine print of your leasing agreement? Might want to start there.