The BMW lease transfer process, step by step

  1. 1

    List your BMW lease

    Post your year, model, trim, monthly payment, and remaining months. Include photos and a clean description.

  2. 2

    Pay the application fee to start the process

    Per BMW Financial's recent policy update, the original lessee pays the $100 credit application fee up front to initiate the transfer.

  3. 3

    Buyer applies to BMW Financial Services

    The buyer submits a lease assumption credit application directly to BMW Financial Services online, providing income verification, employment info, and consent to a credit check.

  4. 4

    BMW Financial credit-checks the buyer

    BMW Financial generally looks for a credit score in the high 600s or better. Approval typically arrives in 3-7 business days. If the buyer is denied, BMW Financial refunds the $400 transfer fee.

  5. 5

    Both parties sign the transfer paperwork

    BMW Financial sends the lease assumption agreement. Both parties sign and return.

  6. 6

    Buyer takes possession

    Once processed, the buyer takes the car and the original lessee is fully released from the lease.

BMW lease transfer FAQs

Does BMW Financial Services allow lease transfers?

Yes. BMW Financial Services allows lease assumptions throughout the term, subject to credit approval of the incoming driver.

How much does a BMW lease transfer cost?

Around $500 in total fees - a $100 application fee and a $400 transfer fee. Per a recent policy change, both fees are paid by the original lessee. If the buyer is denied, the $400 transfer fee is refunded.

Am I fully released from the BMW lease after transfer?

Yes. BMW Financial issues a full release of liability to the original lessee once the assumption is processed. You're completely out.

What credit score does the new driver need?

BMW Financial generally targets a credit score in the high 600s or better, though they evaluate the full application including income, debt-to-income, and employment history.

How long does a BMW lease transfer take?

About 2-4 weeks end-to-end: 3-7 business days for credit approval, plus paperwork and handoff.

Sources

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