Sellers guide Contact the leasing company Each leasing company has their own policy in regards to lease transfers and the terms are subject to change. It is very important that you contact your leasing company for details and fees. The majority of leasing companies allow lease transfers and there are a few companies that do not allow transfers. A large portion of leasing companies (for example, BMW Financial Services) will completely relieve the original lease holder of any legal or financial responsibility if the credit qualified buyer defaults. Other companies (for example, Mercedes Benz Credit) will hold the original lease holder responsible if the credit qualified buyer defaults. Here a list of questions you should ask your leasing company in regards to a lease transfer: 1) Do you allow lease transfers? 2) Will I remain liable if the new lease holder defaults? 3) What restrictions are there for a lease transfer (out of state buyer, how soon can I exit my lease or how late)? 4) How much are the fees? 5) Average time to process a transfer? 6) Is there anything else I should know? Next section: Lease transfer process