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Most banks & leasing companies allow a vehicle lease to be transferred to a new credit qualified buyer / lessee.
Prospective buyers out of the area may purchase a safety inspection at your local authorized dealer instead of test driving your car. Team DSR can assist with this, just give us a call.
Balance of payments, security deposit, lease end fees and buyout option become the new buyer / lessee’s responsibility.
Lease transfers happen quickly within 72 hours, please have all keys, books, valid registration & service records available.
Security deposits paid to original dealer are also transferred to the next buyer / lessee and paid at the end of the original lease maturity date, make sure to collect your security deposit upfront if you’re seeking a reimbursement from the new buyer.
Any incentive paid to the next lessee, should only be done so when your bank has confirmed the transferred new ownership is complete.