If you decide to obtain a lease buyout loan from a bank or other finance source, you may first need to contact the leasing company to confirm the process for ending your lease. online, by phone or at a branch. Minimum loan amount is higher than that of some other lenders. DO NOT check this box if you are using a public computer. If you are applying with a co-applicant, you will need their: You will need to obtain the actual purchase price of the vehicle. Thinking of paying off your car loan? But there's another option: an auto lease buyout. Order from Probate Court to transfer the vehicles title, Odometer disclosure statement (located on the back of the vehicle title), Proof of a valid FL auto insurance policy, Application for Certificate of Title With/Without Registration (, Proof of identity of all vehicle owners, such as a valid Florida drivers license or ID card, Vehicle Identification Number (VIN) verification, Payment for all applicable fees and sales tax, Complete an Application for Duplicate/Lost in Transit/Reassignment for a Motor Vehicle Title Certificate (, Provide the odometer disclosure and all lien holder information (if applicable), Pay the title fee of $75.25 (electronic title for previously FL registered vehicles), Mail or return your documents to the Florida FLHSMV, Vehicles previously registered in Florida: $75.25 (electronic title), Printed paper title additional fee: $2.50. To successfully transfer a vehicles title, you need the following documents: Make sure you have the required documents and payments to avoid delays and possible penalties. The titling company operates in 8 states including Florida, California, and New York. Ally recently was sued successfully for not disclosing all the end of term fees in FL. You may find it helpful to have your title and/or registration handy for quick access to your vehicle information. First time buying out a lease. Compare over 50 top car insurance quotes and save. The last step in this process is to complete a Florida Application for Certificate of Title With/Without Registration (Form HSMV 82040). But those additional fees are all optional, he says. In most situations, you are required to transfer a vehicles title when selling or purchasing a vehicle. New to FL vehicle fee: $225. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have.

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