First Class Finish® FAQ

A Lease Transfer or Transfer of Interest (TOI) is the process of transferring a Mercedes-Benz Financial First Class Lease® from the current lease holder (the “Transferor”) to a qualified individual or business (the “Transferee”). After six months, subject to eligibility and approval, a Transferor may request that a qualified Transferee assume all rights, interests and obligations under the current lease agreement, thereby releasing the Transferor of any remaining payments and lease end charges. In such an event, the Transferee expressly agrees to assume responsibility for all remaining payments and obligations under the lease agreement.

As a First Class Lease holder, you may be eligible to transfer your lease to another qualified individual or business (a “Transferee”). After six months, subject to eligibility and approval, you may request that a qualified Transferee assume all of your rights, interests and obligations under your current lease agreement, thereby releasing you of any remaining payments and lease end charges.

To be eligible to transfer your lease agreement, your lease account must be current. Any outstanding payments, charges (e.g. late charges, property taxes, etc.) and fees (e.g. parking ticket fees, etc.) must be paid so the account is current before a transfer of interest may take place.

There may be a transfer fee due to Mercedes-Benz Financial, which may be paid by the Transferee, the Transferor or a combination of the two parties. However, these fees are state specific, so please contact the Mercedes-Benz Financial Client Care Center at 800- 654-6222.

Vehicle licensing or registration fees, as well as applicable taxes vary by state. If you are unsure about your state’s requirements, please consult your local department of motor vehicles to inquire about licensing or registration fees, and your state’s tax authority to inquire about any applicable taxes.

Mercedes-Benz Financial retains a security deposit until the end of the lease agreement. Therefore, if there is a security deposit, it will transfer to the Transferee with the lease agreement. At lease end, any portion that is due to be refunded, less any lease end charges (e.g., excess mileage, excess wear and use, vehicle damage, etc.) will be returned to the Transferee. The Transferee may choose to reimburse the Transferor for the amount of the security deposit, but this is not a requirement of the lease transfer.

The Transferee is responsible for any lease-end charges including, but not limited to, excess mileage, excess wear and use, vehicle damage, etc.

Your lease may be transferred to another state within the United States. However, your lease may not be transferred outside of the United States. Please note that special requirements may apply to transfers that occur between the continental United States and Alaska or Hawaii.

The logistics of the vehicle transfer (e.g. vehicle delivery, any transportation charges, etc.) are the responsibility of the Transferor and the Transferee. Please remember to investigate any registration fees or tax liabilities that may be imposed by state authorities.

Depending on how quickly and accurately the transfer documentation is submitted, a transfer may be completed in a matter of weeks. However, please note that this does not include processing time that may occur at state agencies, such as a department of motor vehicles, which is outside of our control.

You will receive confirmation from Mercedes-Benz Financial when the lease transfer is complete. The Transferor may then transfer the vehicle to the Transferee.

Proof of Insurance is required from the Transferee prior to completion of the transfer.

These products are subject to the specific terms and conditions of the agreement under which they were purchased. Please consult these agreements regarding transferability.

These products are subject to the specific terms and conditions of the agreement under which they were purchased. Please consult these agreements regarding transferability.

A lease transfer is initiated when a current lease account holder submits a request for a credit application to be submitted to a potential Transferee. The Transferor initiates this request by clicking on the Lease Transfer link inside the Account section of mbusa.com. Note that the Transfer button is not visible unless the lease is eligible for transfer (6 months from the original contract date). Please contact the Mercedes-Benz Financial Client Care Center for assistance or further information at 800-654-6222.