How to Transfer a Lease on a Mercedes GLK 350

Unlike some leasing banks, Mercedes-Benz Financial Services (MBFS) allows you to completely transfer a lease; you do not need to stay on the contract to guarantee it. To transfer, your GLK 350 lease must be at least six months old and your account must be in good standing. Fees may exist for the lease transfer, payable by you or the person you transfer to. Also, your security deposit will not be returned to you; MBFS returns the lease security deposit to the lessee at the end of the term.

Instructions

1

Call MBFS to ensure you lease is eligible for transfer at 800-654-6222 (as of December 2010). If it is, ask if any fees exist for the lease transfer in your state.

2

Talk with the potential transferee about money down, if you require any. Because you will lose your security deposit, you can have the transferee pay you the amount you'll lose. Also, you must decide who will pay the transfer fee if one exists in your state.

3

Go to the MBFS website and log in to your account, or create an account if you haven't already. Go to the "Account" section and click on the "Lease Transfer" link. Fill out all required areas. You must have the intended transferee's email address, name, mailing address and phone number to submit the application offer and agree to the terms and conditions.

4

Wait during the transferee's application process. The person you are transferring to must submit her application and, upon approval, she must pay taxes, follow state motor vehicle requirments and provide proof of insurance for the vehicle to MBFS.

5

Call MBFS if you would like to know the status of the application. You can also contact the transferee during the process to find out where he is in the process. An MBFS representative will contact you upon the approval and transfer, at which time you can request payment for any money due from the person you are transferring to.

6

Send all of your original lease paperwork to MBFS. The bank representative will tell you where to mail your documents. Once MBFS receives all paperwork from you and the transferee, a representative will contact you after the paperwork has been processed and the lease is officially transferred.

7

Take your plates off of the GLK 350 and clean it out completely. Return your plates to a motor vehicle office promptly and remove the car from your insurance policy.