Please clarify … you state the effective payment is $395. Effective payment includes money down. So is the payment $395 PLUS $3k down? That would make the effective much higher than 395. You also must clarify in topic title if it is indeed 395 plus $3k due.
You cannot transfer a MBFS lease. The financial service does not allow transfers unless the leasee originated in CT or the original leasee has died, then it can be transferred to a relative of the original leasee. You will also retain original responsibility, if the person that takes over this lease does not pay you are responsible.
Check with Carvana, Vroom, Give me the Vin, AutoLenders go, and shift to see how much equity negative or positive you have.
Have you confirmed with mbfs that this is even eligible to transfer under the CT exemption since it is no longer in CT? Based on what @AutoCompanion listed above, it would not
Actually… I’m not sure. But still F that when you retain responsibility.@Nounouif the take over does not pay, then you have to pay the costs.
Connecticut General Statutes 14-15
(b) Each person, firm or corporation licensed under the provisions of subsection (a) of this section or by another state, who in the opinion of the commissioner is qualified, may electronically register or transfer the registration of a motor vehicle used in connection with its business. The licensee, within ten days from the electronic issuance of such registration or transfer, shall submit to the commissioner an application together with all necessary documents to register or transfer the registration of the vehicle with the Department of Motor Vehicles. Any such licensee that registers or transfers registration shall be required to register or transfer registrations electronically if the commissioner determines that such licensee files with such department, on average, seven or more such registrations or transfers each month. The commissioner shall adopt regulations in accordance with the provisions of chapter 54 to implement the provisions of this subsection.
