加拿大华人论坛 加拿大汽车家人之间 转lease 需要支付转名费吗

Time for a new vehicle? One of the first questions you will get asked by a car salesperson is whether you want to lease or finance.

Leasing has become the preferred choice. Its estimated that about 70% of Canadians lease today. Cars are typically leased for a minimum of two years. Some agreements can be for 5 years or more.

But what happens if you want to end the contract early? Perhaps you need a bigger or smaller vehicle. Maybe you’ve decided you no longer want to drive, or it doesn’t make financial sense. You have a couple of options to consider.

You can roll your current costs into a new one or buy it out. Both will cost you a decent amount of money. Or, you can consider a lease takeover. Here we’ll discuss what a lease takeover is, its advantages, disadvantages, and answer common questions.

A lease takeover, or transfer, involves the transfer of a lease from the original buyer to another person. The new person takes over the current contract and vehicle for the remaining term.

People who are currently leasing a vehicle may consider a transfer because of changing family situations or other financial obligations. A transfer can also be cheaper than returning a vehicle while still in the agreement.

A lease takeover requires that you find a friend, family member or individual who might be interested in the vehicle. You can post an ad in a newspaper or online seeking out someone to takeover.

Once you find someone to take over the lease, you will need to connect them to the finance company that holds the lease. They will run a credit check to make sure the person can responsibly take it over. Paperwork is signed, transferred, and the new owner will set-up new plates.

When it is transferred to someone else, you will no longer need to worry about monthly payments associated with the vehicle – the person who took over will be making payments for the duration of the original agreement. They will be responsible for returning the vehicle in satisfactory condition and within the set number of kilometres.

For example, let’s say you had a 5 year vehicle lease. Your monthly payments were $500. You have 24 months left on your contract. When you find someone to takeover, they will get your vehicle, take on the $500 monthly payments for the remaining 24 months.

If you are considering a transfer, speak with your dealer or financial agency to learn about options and associated fees.

It is important to understand the terms of the original lease. There might be limitations to a lease transfer and financial options. Here are the pros and cons to a lease takeover.

• Lower monthly payments : When a vehicle is being leased, the owner is paying only for the depreciation of the vehicle.
  
• No down payment : Takeovers will not require a down payment which can ease the start-up cost of having a vehicle.
  
• Vehicle maintenance : Leased vehicles tend to be better maintained and have lower kilometres than buying a used vehicle.
  
• Short-term commitment : Some drivers like to switch their vehicles often for short-term leases.
  

• Transfer and turn-in fees : In the contract there will be costs for turn-in snd transfer fees. Taxes can also increase the amount needed to transfer.
  
• Kilometre limits : Make sure the vehicle has less mileage on it than the yearly limit. As a buyer, you want to ensure there are enough kilometres left on the car until the end of the term.
  
• Wear and tear : Vehicles with extensive wear and tear should be avoided, as the new buyer will need to pay for repairs.
  
• Hidden repairs : Undetected problems or mechanical issues can be costly.
  

Taking over a lease transfer can save you money. You need to find the right vehicle with the right terms. You also need to fully understand the risks and fees with taking over a lease :

Many contracts will have a fee to transfer the vehicle to another driver. This fee can range between $300 to $800. The good news is that most people looking to get rid of a lease will take on this cost.

When you do a transfer, you inherit the monthly payment as is. You cannot negotiate a change to the payments.

Always check the number of kilometres on the vehicle and how many are left as per the original agreement. If you go over the kilometre limit, you will be required to pay for any additional kilometres used. Depending on the agreement, it can cost 10 cents to 25 cents or more per kilometre.

Ideally, if you are taking over a leased vehicle it should be in immaculate condition. If a vehicle needs repairs, has been in an accident, or interior faults, you are responsible for fixing any excessive wear and tear. Always ask for a service record and vehicle history report. You are the one responsible for returning the vehicle at the end of the term.

A lease takeover can be taken care of at a car dealership or with a lease takeover company such as autoTRADER.ca or LeaseBuster.com. There are also a number of other websites online, such as Kijiji and Facebook Marketplace, where you can find people looking to find someone to takeover.