How long does a Lease Transfer take?
The process involved in a Lease Transfer varies case-to-case and is often dependent on the finance provider. We advise that the process can take up to two months from beginning to end, so please bear this in mind when contacting us.
You can help speed up the process by ensuring you have all relevant documentation to hand (such as proof of ID) during the finance application stages and that all parties sign the Lease Transfer documentation promptly.
When will my monthly rentals stop and be transferred to the new lessee?
When the Lease Transfer documents have been signed by all parties (including the finance provider's provider legal department), you will be given a specific date when the vehicle is transferred. Until then, you must continue to pay the monthly rentals until the Transfer of Contract is completed.
Please note only full rental invoices will be credited, so if a Transfer date falls during the rental period, the next full rental invoice period will be credited.
Want to know more about transferring your car lease contract?
If you have a question regarding a Lease Transfer or want to know more about eligibility or the process involved, contact Nationwide Vehicle Contracts on 0345 811 9595 (option 4) or visit our Motoring Guides section to view other options available to you.