Hey so I am transferring the lease of one of my cars, everything is complete including Stage 3 the person getting the car is just waiting for documents. I currently canceled my insurance on the car and have it parked in the driveway. I wanted to ask since that car is now legally his (according to BmWFS) in the state of New Jersey
can I take the plates from the car and transfer the Plates to another vehicle before the person picks up the car?
Would the person get new plates or a temp plate in the packet mailed to him by FS?
If not would he have to go to the DMV before transporting the car to get Temp Plates?
Yeah, I agree so the transfer is fully complete, I removed the plates and parked the car, I am just waiting for him to come pick up the car, my question was can I use those plates that were on the car and put them on my lease which I am getting tommorow, (transfer those plates)
He is recieving the documents Monday and will come get it only after he has all the documents
However I am getting another car tommorow and wanted to transfer the plates instead of getting new ones, would that be possible?
Plates can’t be transferred in NJ, you would have to surrender the plates to DMV. The new owner would have to go register the car and get new plates. At least that what I recently did when I transferred my BMW lease.
I am leasing out of state does that change anything? Or it matters if the registration is NJ? The dealership told me it’s fone however I’m not 100% certain , I looked online and it said plates can be transferred if the registered owner is the same
Okay thanks, one more question was that when the person gets the packet with the registration etc… from BMW he would first have to go to the DMV and get a temporary plate and then come pick up the car correct?
Also the car currently has no insurance on it as he doesn’t want to put insurance on it till he picks it up does that matter? FS told me that as long as I am not driving he vehicle and it is parked and since the transfer is completed I can take the car off my insurance policy
you are completely off the hook when stage 3 is complete. I’ve heard of cops letting people go when they know it’s in transit or on the way to the DMV.
BMW is seriously the best when it comes to lease transfers…you are off the hook. I would remove insurance until you plan on driving it until it’s pick up.
Don’t mean to bring up an old thread, but thought I’d share as it came up before my lease transfer. I completed the transfer of my license plates from my X2 to the 228i I went through the lease transfer process for (X2 was totaled due to Ida; a spectacular deal with none other than @Bostoncarconcierge ). The title BMW provided showed that the NJ sales tax was paid in full (as they are charging me the tax monthly as part of my lease payment), the agent at the DMV was able to successfully transfer the plate over as the lien holder was the same “person” (in this case it was BMW Financial Services). It did take a supervisor to help with this, but it was completed within 20 minutes with zero issue. Let me know if anyone has any questions, happy to help with my recent experience.
