Subaru does allow lease transfers, a process known as lease assumption. This means that a lessee can transfer their lease to another party, who will then take over the lease terms and vehicle responsibility.
Lease transfers are a common practice among car manufacturers, as they provide flexibility for customers who may no longer need or want their leased vehicle. In the case of Subaru, lease transfers can be a convenient option for lessees who need to get out of their lease early or for individuals who are interested in taking over a Subaru lease.
The process of transferring a Subaru lease involves several steps, including obtaining approval from Subaru’s leasing department, signing transfer paperwork, and paying any associated fees. It’s important to note that not all Subaru leases are transferable, so it’s essential to check with Subaru’s leasing department to confirm eligibility.
Transferring a Subaru lease can be a great option for lessees who find themselves in a situation where they need to get out of their lease early. It can also be a convenient option for individuals who are interested in leasing a Subaru but don’t want to commit to a long-term lease.
FAQs about Subaru lease transfers:
1. Can anyone assume a Subaru lease?
No, not anyone can assume a Subaru lease. The person looking to take over the lease must meet Subaru’s credit requirements and be approved by Subaru’s leasing department.
2. What are the fees involved in transferring a Subaru lease?
There may be fees associated with transferring a Subaru lease, such as an assumption fee and a transfer fee. These fees can vary, so it’s important to check with Subaru’s leasing department for specific details.
3. Can a Subaru lease be transferred to a family member?
Yes, a Subaru lease can be transferred to a family member, as long as they meet Subaru’s credit requirements and are approved by Subaru’s leasing department.
4. How long does the Subaru lease transfer process take?
The Subaru lease transfer process can take anywhere from a few weeks to a few months, depending on various factors such as obtaining approval from Subaru’s leasing department and completing all necessary paperwork.
5. Can a Subaru lease be transferred multiple times?
No, a Subaru lease can only be transferred once during the term of the lease.
6. Can the terms of the Subaru lease be changed during the transfer process?
No, the terms of the Subaru lease cannot be changed during the transfer process. The new lessee must abide by the existing lease terms.
7. Can a Subaru lease transfer be done across state lines?
Yes, a Subaru lease transfer can be done across state lines, as long as both parties are in agreement and all necessary paperwork is completed.
8. Are there any restrictions on the mileage of the Subaru lease during the transfer process?
The mileage restrictions of the Subaru lease must be adhered to by the new lessee during the transfer process. Any excess mileage fees will be the responsibility of the new lessee.
9. Can aftermarket modifications be made to the Subaru lease during the transfer process?
No, aftermarket modifications cannot be made to the Subaru lease during the transfer process. The vehicle must remain in its original condition.
10. Can a Subaru lease transfer be canceled once it has been initiated?
Yes, a Subaru lease transfer can be canceled, but fees may apply. It’s important to check with Subaru’s leasing department for specific cancellation policies.
11. Can a Subaru lease transfer be done online?
Yes, some aspects of the Subaru lease transfer process can be done online, such as submitting paperwork and obtaining approval. However, some steps may require in-person visits.
12. Can a Subaru lease transfer be done if the lease is in arrears?
No, a Subaru lease transfer cannot be done if the lease is in arrears. The current lessee must be up to date on all lease payments before the transfer can be completed.