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You can't sell some leased car, since you don't carry the title to it. If you need to end any lease, you can transfer it to another person and avoid paying the termination penalty or remaining expenses.

Difficulty: Average

Things You'll Need

Automobile Deposit Consideration

1 Contact your lessor to make confident it allows lease transfers or lease assumptions. The lessor likely doesn't advertise the simple fact, although may permit it following a specific span of time.

2 Unearth someone willing to take on your lease. Ask friends, buddy and relatives. Publicize. There are Web sites that help lease transfer with a fee, such since LeaseTrading.com, LeaseTrader.com and SwapALease.com.

3 Have the buyer full a credit application. Whenever the leasing business approves the application, it will issue transfer documents for you and the lessee-to-be to hint.

4 Hand over your previous leased car to the new lessee, who starts making the remaining payments. In the closure of the lease, the new lessee returns the vehicle to the leasing company (or might contain the choice to buy, depending on the firm).

Tips & Warnings

Make confident the person has permission for some lease transfer Find someone trusty to take on lease Lease transfer isn't the same as a sublease. Subleasing a car is not legal in some states.