Sellers guide Key issues to know about trading your lease The important things to know about a lease transfer. 1) Not all leasing companies allow lease transfers. 2) There are two types of lease transfers. One type will completely relieve you of legal responsibility if the new lessee defaults (for example, BMW Financial Services). The second type will hold the original lease holder ultimately liable if the new lessee defaults (for example, Volkswagen Credit). 3) Restrictions may be imposed. For example, cant transfer lease in the last six months. 4) The lease transfer applicant (buyer) must have good credit. 5) The average lease transfer fee is $300, which is imposed by the leasing company. 6) The average time for a leasing company to process a lease transfer can take 3-6 weeks. Please contact the leasing company for their lease transfer policy and fees. Next section: Lease transfer cost