Loading
2

Which final documents will be sent to the Transferor and Transferee, after all steps are successfully completed in the Lease Transfer process?

A confirmation letter will be mailed to you, the Transferor. Upon receiving this letter, you are required to release the vehicle to the Transferee, and you may cancel the registration, insurance, and license plates. Depending on the state the vehicle is registered, you may need to send a copy of the plate cancellation or transfer form from the DMV to MINI Financial Services. Once all steps are complete, you are fully released from the financial liability of the account. Your Transferee will receive documents to register the vehicle at their local DMV. They will also gain access to a new My Account profile.
Was this article helpful?

Recommended articles

    31

    Yes. Please call us at (800) 578-5000 to discuss financing your lease purchase.
    9

    To purchase additional discounted lease miles on My Account, please visit the Payment Overview page and select Mileage Management.
    6

    Not all Leases have a security deposit. If there is a security deposit associated with your Lease, it will be transferred to the Transferee.
    6

    There is a one-time charge of $500 to submit a Lease Transfer. If the Transferee does not pass the MINI Financial Services credit check, or if the process takes longer than 60 d...
    150

    Most MINI Dealers are able to perform pre-inspections and are highly recommended. Contact the Lease Portfolio Specialist at your originating or preferred MINI Dealer for more in...
    78

    You may have repairs completed at any authorized MINI Dealer prior to the return of your vehicle. If your vehicle was pre-inspected at a MINI Dealer, they will conduct a final i...
    66

    Yes, please contact your originating or preferred MINI Dealer regarding the vehicle inspection process. Please note, you may be required to complete the inspection through our t...
    49

    If you replace the tires, a charge will be assessed for each tire that is not of equal size, quality, and speed rating as your original tires. You can find the speed rating labe...
    39

    The title release policy may vary based on your state. Please contact us (link to Contact Us page) for the most accurate title release information.
    8

    The person or entity who assumes the Lease (the Transferee) is responsible for all charges at the end of the Motor Vehicle Lease Agreement (Lease). The Transferee is assuming th...
    8

    All tickets or traffic violations are your responsibility; please pay any ticket or traffic violation immediately. If you do not pay a parking ticket or traffic violation, the u...
    5

    Each state has its own regulations regarding what should be done with license plates. To ensure the plates are handled correctly, it is important that you contact the Department...
    5

    The disposition fee waiver is available if you or a member of your household lease or finance a new MINI through MINI Financial Services within 12 months of your termination dat...
    5

    The type of warranty and/or protection products purchased will determine if they are transferable. The standard New Vehicle Warranty remains with the vehicle and is transferable...
    4

    To view your payoff information, go to the Payment Center page for the vehicle you wish to purchase and then select Pay Off My MINI from the navigational menu.
    3

    It may take up to 4-6 weeks for all parties to complete the lease transfer process. This timeline can increase or decrease, depending on how quickly MINI Financial Services rece...
    3

    Your contract does not include provisions for the purchase of the vehicle at any rate other than the agreed-upon residual value, whether you purchase it from MINI Financial Serv...
    3

    Leases financed through MINI Financial Services may be assumed if your account is current and has at least six payments remaining. Other stipulations may apply. For more informa...
    3

    You have three options available at the end of your lease: choose a new MINI, purchase your current MINI, or return your MINI. Please contact your originating MINI Dealer for mo...
    2

    Please contact your originating MINI Dealer to schedule a vehicle return appointment. Your originating MINI Dealer is required to accept return of your vehicle. Should you choos...

MINI AI Assistant

0 / 200

Loading
Widget