The Chevrolet lease transfer process, step by step
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1
Contact GM Financial to start
Call GM Financial at 1-800-284-2271 (or the number on your monthly statement) to initiate the assumption process and confirm eligibility.
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2
Buyer submits the credit application
Within 3-5 business days, both parties get the third-party authorization form. The new lessee submits a credit application to GM Financial.
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3
GM Financial reviews the application
Subject to underwriting and credit guidelines. Account must be current. Vehicle and driver's license must be in the same state.
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4
Complete paperwork within 30 days
All signatures and approvals within 30 days, or GM Financial must re-run credit. Up to 15 extra days if documents are missing.
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5
Pay $625 fee and hand off the vehicle
Once paperwork and fee are received, the assumption processes. Original lessee released; new lessee takes the car.
Chevrolet lease transfer FAQs
Does GM Financial allow Chevrolet lease transfers?
Yes. GM Financial permits lease assumptions throughout the lease except in the last 6 months, subject to credit approval and same-state registration.
What's the Chevrolet lease transfer fee?
$625 to GM Financial.
Am I released from the lease after the transfer?
Yes. GM Financial issues a full release of liability once the assumption is processed.
Can my Chevrolet lease transfer happen across state lines?
Not directly — the vehicle's registration state must match the new lessee's driver's license state. If the buyer is in another state, they'll need to handle re-registration as part of the assumption.
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