The GMC lease transfer process, step by step

  1. 1

    Contact GM Financial to initiate

    Call GM Financial at 1-800-284-2271 (or the number on your monthly statement) to start the lease assumption process.

  2. 2

    Buyer submits a credit application

    Within 3-5 business days both parties receive a third-party authorization form. The new lessee submits a credit application.

  3. 3

    GM Financial reviews the application

    Subject to underwriting and credit guidelines. Vehicle and driver's license must be in the same state. Account must be current.

  4. 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 for missing documents.

  5. 5

    Pay $625 fee and complete the handoff

    Once paperwork and fee are in, the assumption processes. Original lessee released; new lessee takes the truck.

GMC lease transfer FAQs

Does GM Financial allow GMC lease transfers?

Yes. Same policy as Cadillac, Chevrolet, and Buick — assumptions allowed outside the final 6 months, subject to credit approval and same-state registration.

What's the GMC lease transfer fee?

$625 to GM Financial.

Am I released after a GMC lease transfer?

Yes. GM Financial issues a full release of liability once the assumption processes.

Sources

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