I am writing this based on my personal experience of transferring a car lease with Al Yusr company. This happened in 2019, but the procedure has largely remained unchanged. So, if you’re wondering how to go about it, don’t worry—it’s pretty straightforward once you’re familiar with the steps and have the correct documents. Let me share how I managed it, making it easier for you to do the same.
Understanding the Conditions
Before initiating the lease transfer, it’s important to ensure that you meet Al Yusr’s conditions. Firstly, the lease must have been active and payments made for at least six months. Additionally, the prospective new lessee must have been employed by a single company for a minimum of six months, earning no less than SR 5,000 per month. Once these conditions are satisfied, and both parties agree, the next step involves a visit to the Al Yusr office with the necessary documentation.
Read: How to Lease a Car in Saudi Arabia as an Expatriate
Preparing the Documents
The documentation process is crucial for a successful transfer. Among the required documents are the original Certificate of Employment (certified by the Chamber of Commerce), a valid Iqama, driving license, passport, house contract, three months’ bank statement, vehicle registration (Istimara), National Address proof, and the National ID of your home country. Filipino nationals have an additional step of registering online for a background check in the Philippines, with approval typically taking around two working days.
The Transfer Process
Upon visisting at the Al Yusr office, obtaining a token, and waiting for your turn is the first step. The staff will review your documents, ask you to fill out the necessary forms, and require you to provide a sketch of your work and home locations. The application fee varies, with a standard SAR 52.50 fee and a SAR 225 fee for Filipino nationals, payable under the current lessee’s Iqama number. After payment, attach the receipt to your application and submit it for processing.
Processing the application can take between 5-10 working days, during which Al Yusr will conduct verification checks, including a visit to the applicant’s workplace. Once approved, you’ll receive a confirmation SMS, although it’s wise to keep in touch with their office for any updates.
Finalizing the Transfer
Al Yusr typically requests two installments in advance and a SAR 1200 transfer fee. Any outstanding payments may incur additional charges. Once these payments are made, both parties sign the necessary agreements, and by the next working day, the transfer is official. You’ll receive a confirmation message from Muroor, allowing the lessee to hand over the vehicle. Al Yusr then issues a new driver’s authorization letter and insurance certificate for the new lessee.
