What are the LeaseTrader fees to take over a lease?
Membership fee: from $39.95 to $139.95
Credit application fee: $29.95 (one time verification included in membership)
Applicant Transaction Fees:
LeaseTrader charges the buyer (you) a $249.95 one-time Non-Refundable transfer initiation fee once there is initiation or a commencement of the lease transfer process, taking over a leased vehicle or to purchase a vehicle listed or that was listed on the LeaseTrader.com web site.
Instant Transfer Rebate - $100.00
LeaseTrader offers the buyer a $100.00 (One Hundred Dollar) Instant Transfer Rebate to be applied automatically once the payment is made at the initiation* of the transfer process. Failure to notify and pay the transfer initiation fee at the initiation* of the transfer process will result in forfeiting any and all discounts and rebates offered by LeaseTrader.
It is the buyer’s responsibility to notify and pay LeaseTrader’s transfer dept. the moment there is an initiation* of a transfer. Failure to notify and pay the transfer initiation fee, will result in penalties. A $100.00 charge will be assessed for each buyer that goes through the process of having their credit verified in order to contact the seller, plus all expenses incurred by LeaseTrader resulted from and not limited to credit verification, and the continued marketing of the vehicle.
In addition to LeaseTrader fees, you may have the following expenses:
Bank Transfer fee: $0-$600
Most financial institutions charge a fee to process the car lease transfer paperwork and are paid directly to the Finance Institution (e.g. Mercedes Benz Credit).
Registration fees: $50 to $200
Contact your local DMV office for an exact amount.
Local sales taxes:
Contact your local DMV office for information.
Other costs you may have:
If you are in a different state, there may be transportation and optional third party vehicle inspection costs.
Refund Policies
All of the Memberships, Credit Verifications, Transfer Initiations, and all other fees collected by LeaseTrader are NON-REFUNDABLE.