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Transferring a Lease Vehicle to Another Person

Photo of Donna By Donna
17th February 2022
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A Lease Transfer is when a driver transfers their lease contract to someone else. Lease transfers are popular in the US but less so in the UK as it isn't always available with the finance provider, and transfer costs may apply.

Keith Hawes
Director - Nationwide Vehicle Contracts

Advantages of a Lease Transfer:

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No early termination fees

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Known vehicle history

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No initial rental fees

Contract parameters stay the same

Disadvantages of a Lease Transfer:

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Case-by-case consideration

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Eligibility restrictions

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Admin fees apply

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Check responsibilities

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To request a Lease Transfer quotation:

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Check Eligibility

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Contact Nationwide Vehicle Contracts

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Pay Lease Transfer Fee

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Complete Finance Application

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Request Transfer with Finance Provider

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Documentation Sent

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Sign Transfer Agreement

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Director's Guarantee

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Review Documentation

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Date Effective

Guide Information

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About the Author: Donna Kelly

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