What is a lease transfer,
or transfer of interest?
A Lease Transfer or Transfer of Interest (TOI) is the process
of transferring a Mercedes-Benz Financial Services First Class Lease® from
the current lease holder (the "Transferor") to a qualified
individual or business (the "Transferee"). This option is
subject to eligibility and approval, a Transferor may request that
a qualified Transferee assume all rights, interests and obligations
under the current lease agreement, thereby releasing the Transferor
of any remaining payments and lease end charges. In such an event,
the Transferee expressly agrees to assume responsibility for all
remaining payments and obligations under the lease agreement.
As a First Class Lease holder, you may be eligible to transfer
your lease to another qualified individual or business (a
"Transferee"). After six months, subject to eligibility and
approval, you may request that a qualified Transferee assume all of
your rights, interests and obligations under your current lease
agreement, thereby releasing you of any remaining payments and
lease end charges.
To be eligible to transfer your lease agreement, your lease
account must be current. Any outstanding payments, charges (e.g.,
late charges, property taxes, etc.) and fees (e.g., parking ticket
fees, etc.) must be paid so the account is current before a
transfer of interest may take place.
What are the fees
associated with a lease transfer? Who is responsible?
There may be a transfer fee due to Mercedes-Benz Financial Services,
which may be paid by the Transferee, the Transferor or a
combination of the two parties. However, as these fees are state
specific, please contact the Mercedes-Benz Financial Services Client Care
Center, toll-free at 800.654.6222.
As the new applicant or transferee in a Transfer of Interest,
you are assuming responsibility for all unpaid amounts including but not limited to:
sales and personal property taxes, all fees including parking tickets or traffic
violations accrued or assessed prior to the acknowledged transfer date and thereafter.
These fees and taxes vary by state. If you are unsure about your state's requirements,
please consult your local department of motor vehicles to inquire about licensing or registration fees,
and your state's tax authority to inquire about any applicable taxes.
Mercedes-Benz Financial Services retains a security deposit until the
end of the lease agreement. Therefore, if there is a security
deposit, it will transfer to the Transferee with the lease
agreement. At lease end, any portion that is due to be refunded,
less any lease end charges (e.g., excess mileage, excess wear and
use, vehicle damage, etc.) will be returned to the Transferee. The
Transferee may choose to reimburse the Transferor for the amount of
the security deposit, but this is not a requirement of the lease
Can my lease be transferred
to other states or outside of the United States?
Yes, your lease may be transferred to another state within the United States.
However, your lease may not be transferred outside of the United States.
Please note transfers are not offered in Puerto Rico and that special
requirements may apply to transfers that occur between the continental United States and Alaska or Hawaii.
The logistics of the vehicle transfer (e.g., vehicle delivery,
any transportation charges, etc.) are the responsibility of the
Transferor and the Transferee. Please remember to investigate any
registration fees or tax liabilities that may be imposed by state
Please allow up to 10 business days for this process to be completed. However,
please note that this does not include processing time that may be out of our control,
such as mailing time and those processes that occur at state agencies, such as a department of motor vehicles.
Are optional insurance or other products or coverages transferable?
It is the responsibility of both the Transfer and the Transferee to refer
to the insurance policy or coverage product agreement(s) for information on terms of coverage,
termination of coverage, and any requirements of the Transferor and/or
the Transferee to notify the insurer(s)/provider(s)
A lease transfer is initiated when a current lease account holder submits
a request for a credit application to be submitted to a potential Transferee.
The Transferor initiates this request by clicking on the Lease Transfer link inside the Account section of MBFS.com.
Note that the Transfer button is not visible if the lease is within 6 months
from the original contract date or the lease maturity date.
Please feel free to contact the Mercedes-Benz Financial Services
Client Care Center for assistance or further information. The toll-free number is 800.654.6222.