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Lease to Ownership
Purchasing a Lease
If an individual is purchasing their leased vehicle from the Lease company, then the Lease company will provide the Kentucky title. The title will be properly signed and notarized, with the odometer reading and the sales price completed on the back.
The lessee or buyer will then bring the title to the Clerk's Office along with their Kentucky proof of insurance to complete the transfer.
Lessee or buyer will pay 6% sales tax on the buy-out price of the leased vehicle, along with transfer and registration fees. The Kentucky Title will be mailed with in 4-6 weeks to the new owner.
I Purchased a Vehicle as a Lease.
What do I need to get it registered?
Renewal on a leased vehicle will occur in the lease company's incorporation month, not in the lessee's birth month.
The annual renewal reminder that is mailed from Kentucky State Transportation will be sent to the Lease Company.
Lessee(s) should not wait to renew their registration if they do not receive the renewal reminder.