Transfer Agreement

By using this service, you accept the terms of this Listing Agreement you are also agreeing to abide by the terms of the Visitor Agreement and the Privacy Statement stated here by reference

LeaseTrader.com is the most recognized name in car leasing, making us the largest global car lease marketplace.

If your goal is to transfer or take over a lease from another party, LeaseTrader is available to assist you as little or as much as you require in doing exactly that. LeaseTrader is designed to match those who want to get out of their leases with those who want to assume a lease. One of the many services LeaseTrader provides is the verification of credit. LeaseTrader verifies the buyer’s credit and determines a preliminary minimum credit requirement to lease a vehicle.

Here at LeaseTrader, we work hard in making the transfer process as simple and quick as possible for you. By initiating this transfer process, you hereby state that you established direct communication with this seller or buyer, and agreed to the terms of this transfer which could include or not an incentive being offered by the seller, or a down payment offered and agreed to by the buyer. Prior to the seller turning over the vehicle to the buyer, the leasing company of record must first approve of the buyer to take over a specific vehicle, lease payment and contract. Leasing companies have different transfer and credit approval policies, by accepting this transfer agreement you hereby state that you are aware of the terms and/or restrictions of the leasing company. Some of these terms may include a fee normally paid by the buyer and the time frame the leasing company takes to complete the paperwork.

Most leasing companies allow for lease transfers and completely releases the seller from the terms of the lease contract once it completes, e.g., Mercedes Benz Financial, BMW Financial Services, Mini Financial Services, Rolls Royce Financial, Lexus Financial, Toyota Financial, Ford Motor Credit, Ally Bank, and US Bank. Other leasing companies e.g., Infiniti and Nissan Motors Acceptance, Honda and Acura Financial, and Audi and VW Credit, will approve of the transfer and maintain the seller as the guarantor of the lease. There are also companies that may not allow lease transfers e.g., Hyundai/Kia Motors, Chase Bank and Mitsubishi Motors Credit. Other restrictions may apply e.g., some leasing companies may not allow to a lease transfer in the first or last 6 months of the lease.

It is also important to note that LeaseTrader’s minimum credit requirement does not guarantee that the buyer will obtain credit approval from the leasing company.

By advertising their vehicle, the seller may have made representation as to the condition, mileage, color, odors, equipment, etc. of their vehicle. It is the buyer’s sole responsibility to make sure the vehicle is in the condition the seller represents prior to completing the lease assumption process.

IT IS YOUR RESPONSIBILITY TO CHECK AND UNDERSTAND THE LEASING COMPANY'S POLICIES AND/OR RESTRICTIONS DIRECTLY.

Important Lease Information
Each leasing company has different lease transfer and assumption policies, restrictions and fee structures

Leasing companies generally charge a fee to transfer a lease, which is usually paid by the buyer. 

SELLER
It is the Seller’s responsibility to maintain and update their advertisements to assure that the information contained is accurate and correct.

At the initiation of the transfer process*, it is the Seller's responsibility to update their vehicle status to transferring mode and to pay their commission fee. Failure to do so will result in forfeiting all discounts and rebates and possible charge of penalties**
 
Seller Commission Fee - $249.95 
In addition to the advertising fee, LeaseTrader charges the Seller a one-time commission fee at the initiation of the lease transfer process* with an interested party provided directly or indirectly by LeaseTrader.com.
 
Instant Transfer Rebate - $100.00
A $100.00 (One Hundred Dollar) Instant Commission Rebate offer is available to the Seller when starting the transfer process online. 
 
Transfer Cancellation Policy/Commission Refund for the Seller
In the event that your vehicle transfer does not go through, your one-time paid commission fee rolls over towards your next buyer automatically. The refund or cancellation request must be made in writing, within 30 days of the original payment, using the Contact Us link located on the Homepage of the LeaseTrader.com website. 
Please provide your name, your vehicle listing number and the reason for the cancellation or refund request. Request for refund will not be accepted by telephone.  Refund requests will be honored for the paid commission fee only, minus a $119.00 administrative cost. Once reviewed and approved, you may be eligible for a refund in the original method of payment.  
 
Removed vehicles and/or expired memberships still need to adhere to LeaseTrader terms and conditions.
Removing an ad or allowing for a membership to expire does not release Seller or Buyer from fees and the responsibilities under LeaseTrader's terms and conditions.

BUYER
It is the Buyer’s responsibility to communicate and work out all of the details of the transfer with the Seller, to inspect the vehicle in order to assure that the information and condition represented by Seller is accurate and correct.

At the initiation of the transfer process*, it is the Buyer's responsibility to update the vehicle status to transferring mode and pay their commission fee. Failure to do so will result in forfeiting all discounts, rebates and could possibly incur monetary penalties**
 
Buyer Commission  – $249.95
LeaseTrader charges the buyer a $249.95 one-time commission fee at the initiation of the lease transfer process* with a vehicle listed on the LeaseTrader.com web site.
 
Instant Commission Rebate - $100.00
A $100.00 (One Hundred Dollars) Instant Commission Rebate offer is available to the Buyer when starting the transfer process online. 

Transfer Cancellation Policy/Commission Refund for the Buyer
In the event that the vehicle transfer does not go through, your paid commission fee rolls over towards your next lease takeover on LeaseTrader.com (as long as your membership has not expired).
The refund or cancellation request must be made in writing, within 30 days of the original payment, using the Contact Us link located on the Homepage of the LeaseTrader.com web site. 
Please provide your name, the vehicle listing number and the reason for the cancellation or refund request. Request for refund will not be accepted by telephone.  
Refund requests will be honored for the paid commission fee only, minus a $119.00 administrative cost. Once reviewed and approved, you may be eligible for a refund in the original method of payment.  
 
Removed vehicles and/or expired memberships still need to adhere to LeaseTrader terms and conditions.
Removing an ad or allowing for a membership to expire does not release Seller or Buyer from fees and the responsibilities under the terms and Conditions.

Removed vehicles and/or expired memberships still need to adhere to LeaseTrader terms and conditions.
Removing an ad or allowing for a membership to expire does not release Seller or Buyer from fees and the responsibilities under the terms and Conditions.
 
Rates
LeaseTrader reserves the right to revise rates, terms and specifications contained in the current listing rates.
 
Important Obligations
You guarantee that you shall conduct yourself ethically in the use of the Site and in any transaction resulting from using LeaseTrader.com.
 
Disclaimer
LeaseTrader is not involved in, and is not responsible for, the actual transactions and agreements between the transaction and transferring parties. LeaseTrader has no control over the quality, safety or legality of any of the Leased Assets posted on the website, the truthfulness or accuracy of the information about the Leased Asset, or the ability of the Current Lessees to assign, or of the Prospective New Lessees to assume, such Leased Asset. We also cannot guarantee that either party will complete the Lease Transfer. In the event that you have a dispute with one or more members of the Transaction Parties, you hereby release LeaseTrader, its officers, directors, employees, affiliates and agents (collectively "LeaseTrader Affiliates"), from all claims, demands and damages arising out of or in any way connected with such disputes . In addition, Current Lessees and Prospective New Lessees negotiate for the potential Lease Transfer of Leased Assets on an anonymous basis. Accordingly, there remains risks of Prospective New Lessees or Current Lessees acting under false pretense. LeaseTrader cannot and does not confirm or verify the identity of each user or that each user is who or what it claims to be. We expect that you will use caution when using this website and its Services.
 
Independent of our pre-screening process, all lease transfers, terminations, and assumptions require the approval of the leasing company listed as the "Lessor" in the lease contract. Some leasing companies may charge fees in connection with transferring a lease. These fees are separate from any fees paid by you to LeaseTrader.com and are solely the transferring parties' responsibility, not LeaseTrader.com.
 
LeaseTrader does not represent or guarantee the truthfulness, accuracy, or reliability of any of communications posted by other Users and does not endorses any opinions expressed by Users. You acknowledge that any reliance on Material posted by other Users will be at your own risk.
 
All vehicle information displayed on this web site (description, vehicle condition, leasing terms, pricing and availability, etc) are established and offered by third parties (listing parties). The listing parties are solely responsible for the accuracy and representation of all such information. This site provides classified listing services and materials without representations or warranties of any kind, either expressed or implied. All prices and specifications are subject to change without notice. This site does not review, does not guarantee, represent and/or warrant vehicles and accuracy of the information listed. Prices may not include additional fees such as government fees and taxes, title and registration fees, leasing company fees, finance charges, dealer document preparation fees, processing fees, emission testing and compliance charges. Please contact the listing party and your local DMV for updated information.
 
User shall be solely liable for any damages resulting from any infringement of copyrights, trademarks, proprietary rights, or any other harm resulting from any uploading, posting, or submission. Furthermore, you may not list any item on our site, consummate or start any lease transfer using our services, pay us for any transaction fee, that can cause us to violate any applicable law, statute, ordinance or regulation.
 
You agree not to take any actions which may undermine the integrity of LeaseTrader's feedback system, such as leaving negative feedback if a user fails to perform some action that is outside the scope of the Lease Transfer transaction.
 
* The definition of an initiation of a lease transfer process is when any of the following occur while the vehicle is actively being advertised or once the vehicle has been removed from the LeaseTrader website:
when a buyer takes over the sellers’ car, the seller requests to start the transfer process, the buyer requests to start the transfer process, the seller and buyer both agree on moving forward with the transfer process, the seller supplies the buyer with the leasing company's credit application, the leasing company provides the buyer with the credit application, the buyer completes and submits the credit application to the leasing company or whichever occurs first.
The transfer process could ultimately result in any of the following: a transfer of equity, a lease assumption, adding a buyer to the lease contract, the selling of the car, the transfer of the leased vehicle, or when a buyer takes over the sellers’ car.
 
** Failure to update the vehicle status to transferring mode (informing LeaseTrader and website users of the initiation of the lease transfer) and/or failure to pay the Buyer commission fee by the Buyer, and Seller commission fee by the Seller, could result in a penalty fee of $100.00 to each the Buyer and the Seller for every applicant that goes through the process of having their credit verified. Applicants are having their credit verified in order to contact the seller, who is actually misrepresenting their vehicle. Additional penalties could be enforced for all expenses incurred by LeaseTrader resulted from and not limited to credit verification, and the continued marketing of the vehicle.

 






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