Page Header

0345 811 9595

Mon-Fri 9am to 5.30pm

Transferring a Lease Vehicle to Another Person

Photo of Donna By Donna
17th February 2022
young woman holding car key with head out of window

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:

graphic of pile of money

No early termination fees

graphic of car with a tick

Known vehicle history

graphic of money

No initial rental fees

BAU_EMPTY

Contract parameters stay the same

Disadvantages of a Lease Transfer:

blue document graphic with orange magnifying glass

Case-by-case consideration

graphic of person with question mark

Eligibility restrictions

clock graphic

Time-consuming

graphic of pile of money

Admin fees apply

graphic of documentation

Check responsibilities

close up of man signing documents

To request a Lease Transfer quotation:

Personal details icon

Check Eligibility

graphic of computer and phone

Contact Nationwide Vehicle Contracts

graphic of money

Pay Lease Transfer Fee

graphic of finance documents

Complete Finance Application

bank and phone graphic

Request Transfer with Finance Provider

documents graphic

Documentation Sent

graphic of signed documentation

Sign Transfer Agreement

graphic of man in business suit with question mark

Director's Guarantee

documents with magnifying glass

Review Documentation

graphic of calendar and signed document

Date Effective

Guide Information

Photo of Donna

About the Author: Donna Kelly

You may also like...

Vehicle leasing FAQs

Congestion charge exempt cars

Personal contract hire (PCH)

Personal lease purchase

Was this page helpful?
Thank you for your feedback!