CAR-BUYING QUESTIONS

Can I transfer my car lease to someone else?

Many lessors allow lease transfers, in which another person takes over your remaining payments and the lease. The new lessee typically has to pass a credit check, and there may be a transfer fee. Some lessors keep the original lessee liable if the new person defaults, while others release you. Policies vary widely, so call your lessor before listing your lease on a transfer marketplace.

General information, not legal or financial advice; rules vary by state and lender.

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