3 November 2026

Which funders allow business lease transfers, and what do they charge?

Whether you can pass your lease to another business depends on your funder. What they check, what it usually costs and how long it takes.

Whether you can pass a business lease to another company depends on your funder: the bank or leasing company that owns the car. Here's what they look at and what to expect.

Who decides

The funder owns the car and the agreement is with them, so a transfer only happens with their written approval. Some funders allow transfers routinely; others rarely or never. Check two places:

  • Your agreement, usually in a clause on assignment or transfer
  • The funder's customer service team. Ask directly whether they allow a transfer to another business, and what they charge.

What funders usually check

  • The new business's credit. The business taking over must pass the funder's own credit checks.
  • The type of business. Some funders only transfer between limited companies, or treat sole traders differently.
  • The state of the account. Rentals should be up to date.
  • The car. Some funders ask about mileage and condition, or want to inspect the car.

What it usually costs

Most funders that allow transfers charge an admin fee, typically in the low hundreds of pounds. Our funder fee table at swap-a-lease.co.uk/fees shows the fees we know about as a guide. Always confirm the current fee with your funder, as they change.

How long it takes

Allow a few weeks from finding a business to the funder signing off: the credit check, paperwork and arranging the handover all take time. Start early if you have a date in mind, such as a driver leaving.

If your funder says no

  • Ask what would change their mind: for example, a stronger new business or a guarantee
  • Compare the Early Termination Charge with keeping the car and redeploying it in your business
  • Ask for a written settlement quote, so you know the exact cost of ending early

Use our Early Termination Charge Calculator at swap-a-lease.co.uk/calculator to estimate it.

This guide is general information, not legal or financial advice. Transfer rules and fees vary by funder and can change: always confirm with yours.

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