Make an appointment at your local DMV Hub or Limited Service Office and submit the Certificate of Title showing assignment of ownership and indicating release of all liens (if any) and motor vehicle registration certificate.
Visit a motor vehicle agency to transfer the title, complete the Vehicle Registration Application (Form BA-49) if applicable, and receive the license plates. To avoid a $25 penalty, New Jersey or dealer reassigned titles must be transferred within 10 working days from the date of sale.
You'll need to fill out an application and get a credit check for your new lease. Assuming you're approved, you'll sign a new lease agreement that incorporates your old agreement (unless you used a pull-ahead incentive). The dealer will assist you with getting new tags and registration for your new vehicle.
How To Return a Leased Car Set up an appointment to return the car at a franchise dealership. Gather the original lease paperwork and everything that came with the car, like both sets of keys or key fobs. Check the odometer for mileage overage. Clean the vehicle, inside and out.
A car's residual value is the value of the car at the end of the lease term. The residual value is also the amount you can buy a car at the end of the lease. A residual percentage will be provided when signing the car lease agreement to help you calculate your car's value at lease end.
Return It to the Dealership You can sell your vehicle back to the dealership you leased it from or sell it to another dealership. To give yourself the best chance of getting a strong offer when you trade in your car, find a dealership that sells the brand of vehicle you're trying to sell.
Selling a leased car to a dealership is the easiest option for many people. It will help them get out of their old vehicle and into a new lease with the least hassle. You can sell your vehicle back to the dealership you leased it from or sell it to another dealership.