FAQ FCL Lease Transfer
What is a lease transfer, or transfer of interest?
How does a lease transfer work?
What if my account is not current?
What are the fees associated with a lease transfer? Who is responsible?
Are there any other fees and taxes involved?
What happens to my security deposit?
Who is responsible for lease end charges?
Can my lease be transferred to other states or outside of the United States?
How is a long-distance transfer handled?
How long does a lease transfer take?
How will I know that the lease transfer is complete?
What about vehicle insurance?
Are optional insurance or non-insurance products transferable?
Why do I have to send original documents?
How is a lease transfer initiated?
Return to FAQs Home
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"). After six months, 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.
Top
How does a lease transfer work?
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.
Top
What if my account is not current?
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.
Top
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.
Top
Are there any other fees and taxes involved?
Vehicle licensing or registration fees, as well as applicable taxes, may be required by your state. 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.
Top
What happens to my security deposit?
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 transfer.
Top
Who is responsible for lease end charges?
The Transferee is responsible for any lease end charges including, but not limited to, excess mileage, excess wear and use, vehicle damage, etc.
Top
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 that special requirements may apply to transfers that occur between the continental United States and Alaska or Hawaii.
Top
How is a long-distance transfer handled?
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 authorities.
Top
How long does a lease transfer take?
Depending on how quickly and accurately the transfer documentation is submitted, a transfer may be completed in a matter of weeks. However, please note that this does not include processing time that may occur at state agencies, such as a department of motor vehicles, which is outside of our control.
Top
How will I know that the lease transfer is complete?
You will receive confirmation from Mercedes-Benz Financial Services when the lease transfer is complete. The Transferor may then transfer the vehicle to the Transferee.
Top
What about vehicle insurance?
Proof of Insurance is required from the Transferee prior to completion of the transfer.
Top
Are optional insurance or non-insurance products transferable?
These products are subject to the specific terms and conditions of the agreement under which they were purchased. Please consult these agreements regarding transferability.
Top
Why do I have to send original documents?
These products are subject to the specific terms and conditions of the agreement under which they were purchased. Please consult these agreements regarding transferability.
Top
How is a lease transfer initiated?
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 unless the lease is eligible for transfer (6 months from the original contract 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.
Top
Our Company Contact Us FAQs Credit Card MBUSA.com Owners Online Locate a Dealer MBFS Mobile Insurance
©2011 Mercedes-Benz Financial Services USA LLC. All rights reserved. NMLS #2546 Font AA Terms of Use and Privacy Sitemap

Notice

This site you are transferring to is not hosted
by Mercedes-Benz Financial Services.
Please review its policies on Privacy and Terms of Use.
This site will load in a new window. If it fails to load, your pop-up blocker may be activated. You may need to click to accept this pop-up.