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Moving To A New State With A Leased Car

Moving To A New State With A Leased Car

Moving To A New State With A Leased Car

Moving To A New State With A Leased Car

We can in no way call ourselves experts on car leasing, not only because we prefer trucks over them, but mostly because of the intricacies that involve a leased car and the process of relocation. Combing through every car-related forum we could find, we can’t say we’ve been successful in locating the best site for these types of issues and their solutions. Yet again, there are some helpful threads we collected, and later organized them here, in hopes that this will solve at least some of the doubts and fears about your four-wheeled borrowed friend.

 

Buy or lease?

Some lease agreements restrict you from relocating the vehicle to another state or country, as opposed to finance agreements which generally do not restrict you from relocating the vehicle out of state.

 

Right to move the vehicle.

Some lessors, particularly those operating regionally, prohibit lessees from permanently moving the leased vehicle to another state. Most lessors limit the lessee’s right to take the vehicle out of the country. However, there may be exceptions for vacation use to visit Canada for a maximum period, such as 30 days.     

 

Retirees, Canadians, and military personnel.

Retirees, others who maintain residences in two different states, Canadians who spend winters in the United States, and members of the military should be especially careful about restrictions on moving that may be in their lease agreements.

 

Notification if you move.

In most lease agreements, if you have the right to move out of state, you must notify the lessor that you have moved and be sure that the vehicle is properly titled and registered in the new state.  

 

Taxes.

You should be aware that if you move, the new state may tax your vehicle in a different manner. Some states collect certain taxes at the beginning of the lease, and other states collect these taxes during the term of the lease. For example, if you move from a state that collects all the sales taxes at the beginning of the lease to a state that collects sales or use taxes during the course of the lease, you must pay additional sales or use taxes on the vehicle in the second state. You will usually not get a credit for paying the taxes in the first state.

Ready to get professionals involved to handle your belongings? Contact State to State Movers to start your professional relocation today.