• Ensure that the existing vehicle leasing information and current kilometres are consistent with the owner’s listing online
• Check and see if there are any car accident, repair and maintenance records.
• Request a copy of the original lease contract or its, reconfirm the details of the car and contract

If owner wants to transfer the car as soon as possible, consider offering the buyer a cash rebate. Or consider giving away snow tires or others for free or a discounted prices to buyers

Tell the buyers how much you paid originally down towards the car, and how much you want to get back from the buyer

A deposit can get back at the end of the lease terms when you return the car back to the car dealer. Since it is a deposit you can either ask some of them back from the buyer or all back

Let the buyer know how much you are paying monthly (after tax) for the car

Tell the buyer the existing kilometres of the car and the maximum kilometres of the exisitng leasing contract

Consider giving buyers more peace of mind by testdriving the car before taking over the lease

When the transfer is successful, remember to go back to your exisitng listing in cartakeover.ca and mark your car as successfuly transfered

CARTAKEOVER recommends that you contact the dealer to arrange for the lease transfer process from the original dealer The original dealership can help you to handle the lease transfer process, and also guide you the process on require documents and steps

Before signing (executing) a lease transfer contract (and/or before the actual delivery of the vehicle), make sure that all financial elements of the transaction are fully met Ensure that both parties (the original lessee and the new lessee) are present at the time of the completion of the transaction (except for preservation, inter-provincial transfers) With cash Deposits (or down payment); Ensure that the financial portion of the transaction is completed with certified funds, bank drafts or cash.

The lease takeover transaction is entirely dependent on the lease company’s credit approval to the buyer (Credit Check) Both buyers and sellers must be fully aware that it is impossible to complete a lease takeover transaction without credit approval

If both the seller and the buyer are prepared to trade (with credit approval), they should enter into the lease transfer stage The next section provides an overview of the pre-delivery steps recommended by the leasing company as an essential part of the Car Lease. It is recommended that you use the lease transfer offer template provided by the CARTAKEOVER.

Before the transfer, ask the seller if they can conduct a test drive to ensure the status of the vehicle and see if there are any accident records, or scratches.

Check with the seller and see if they offer a cash rebate/reward

Check with the seller whether you need to pay him a partial down payment or deposit to take over the car lease.

If you need to use back your existing license plate, let the dealer know about it and they will arrange accordingly

Use the sample contract provided by the cartakeover to develop a similar contract with the buyer.

Use the checklist on this page to ensure that you meet every requirement

CARTAKEOVER recommends that you contact the dealer to arrange for the lease transfer process from the original dealer The original dealership can help you to handle the lease transfer process, and also guide you the process on require documents and steps

Before signing (executing) a lease transfer contract (and/or before the actual delivery of the vehicle), make sure that all financial elements of the transaction are fully met Ensure that both parties (the original lessee and the new lessee) are present at the time of the completion of the transaction (except for preservation, inter-provincial transfers) With cash Deposits (or down payment); Ensure that the financial portion of the transaction is completed with certified funds, bank drafts or cash.