One of this company's principals, Geoffrey "Geoff" Hull, is affiliated with several other F-rated Automobile Sub-Leasing companies, including: Red Carpet Motoring, Token Auto Group and Standard Motor Group. You can view our report on Red Carpet Motoring
here, Token Auto Group
here and review our report on Standard Motor Group
here.
Transferring your vehicle lease can be risky, and costly, if not handled properly. Not all finance companies allow their customers to transfer their lease and some finance companies may allow the transfer but do not remove the original lessee's name from the lease. BCA offers the following tips when deciding to work with a lease transfer business:
First, you need the finance company's permission before you can move forward with transferring the lease. Contact the leasing or finance company to find out if they will allow you to transfer your lease and if they have any specific terms you need to follow.
Find out what the costs to you will be. Ask the lease transfer company what their total fees are and who pays the finance company's transfer fee.
Ask the lease transfer company what their average timeframe is to locate a buyer. Typically, 30-45 days is reasonable.
Be careful with any lease transfer company that wants to take possession of your vehicle before they have found a buyer. Remember, the car remains in your name and you are solely responsible for anything that happens to the vehicle until the lease has been transferred to a new lessee. We strongly urge caution if a company offers to "sublease" your vehicle while looking for a buyer for your lease. In California, it is unlawful for a person to sublease a vehicle that they are not a party to, or named on, the lease contract.