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Old 08-18-2014, 01:53 PM
 
1 posts, read 1,802 times
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Hi everyone,

I live in NYC and my parents have graciously offered to take over the last 12 months of my lease since I don't need a car where I live and their car lease is ending soon (win-win).

Has anyone ever transferred a lease to someone out of state NOT using a lease transferring company? I can find no information on how this would be handled in Michigan. In fact, I can't even find any information about registering an out of state lease vehicle in Michigan.

I just want to get a sense for the steps I need to take. I know my parents will fill out a credit application with the car company to be approved. Once approved the lease transfer process starts, but I don't know how that works if they live in Michigan, but the car is registered in NY. I may be over-complicating things...

Thanks!
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Old 08-18-2014, 04:00 PM
 
Location: OH>IL>CO>CT
7,515 posts, read 13,621,554 times
Reputation: 11908
Step One, read this article: How to transfer a lease

Step Two: Read your contract

Step Three: call your Leasing Co. and ask them if you can do this.

There is no "one-size-fits-all" process.
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