How can we help?

VeraLease is a Canadian marketplace for lease takeovers. It connects people who want to exit a vehicle lease early with drivers looking for a short-term vehicle without committing to a new contract. We facilitate the connection — the actual transfer is handled directly through your leasing company.

Yes — completely free. We charge zero commission on any deal made through the platform. Sellers pay nothing to list, and buyers pay nothing to browse or contact sellers.

Yes. Listings can be posted and viewed from any province or territory. Lease transfer eligibility and fees vary by leasing company and province, so always confirm the rules with your lender.

No — anyone can browse listings without an account. You only need to sign up to contact a seller or post your own listing.

Click "List a Lease" from any page. You'll enter your VIN and we'll automatically pull your vehicle's details from public records. Then add your lease terms, photos, and any cash incentive you're offering. The whole process takes about 5 minutes.

Your 17-character VIN number, monthly payment amount, months remaining on the lease, original lease term, your location, and at least one photo of the vehicle. Optional but helpful: leasing company name, cash incentive, allowed kilometres, and excess KM penalty.

Yes, and we recommend it — listings with a cash incentive attract significantly more interest. The incentive compensates buyers for taking over your remaining payments and any associated transfer fees.

Yes. Go to your Account page, find the listing, and click Edit. You can update any detail including price, mileage, photos, and notes.

Mark your listing as Sold from your Account page. This removes it from the browse feed and signals to any interested buyers that it's no longer available.

Yes. Most leasing companies require the incoming buyer to be credit-approved before a transfer is finalized. Check your lease agreement or contact your lender to confirm their transfer policy and any associated fees.

Open any listing and click "Contact Seller". You'll need a free VeraLease account to send a message. From there you can ask questions, negotiate terms, and arrange to see the vehicle.

Ask about the current mileage vs. the allowed KM, whether there are any damages, what the leasing company's transfer process and fees are, and whether the seller can confirm the monthly payment in writing through their lease agreement.

Absolutely. The monthly payment itself is set by the leasing company, but the cash incentive and any other side arrangements (like the seller covering transfer fees) are entirely negotiable between you and the seller.

A cash incentive is money the seller pays the buyer directly to make the deal more attractive. It compensates for taking over the remaining payments and helps offset things like transfer fees or higher-than-market monthly payments.

In most cases, yes. The leasing company will run a credit check on the incoming buyer, just like they would for a new lease. Requirements vary by lender.

Once a buyer and seller agree on terms, they contact the original leasing company together to initiate the transfer. The lender will review the buyer's credit, charge any transfer fees, and update the lease contract. VeraLease is not involved in this step.

Most transfers take 1–4 weeks from the point when both parties agree. The timeline depends on the lender's internal process, how quickly the buyer's credit is approved, and whether all required documents are in order.

Usually yes — most leasing companies charge an administrative fee ranging from $150 to $500. Some lenders also charge the buyer a documentation fee. These fees are separate from any cash incentive negotiated between buyer and seller.

This depends on the leasing company. Some lenders release the original leaseholder entirely once the transfer is complete; others keep them as a secondary guarantor. Confirm this in writing with your lender before signing anything.

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