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Automotive-related Businesses
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When I am titling a vehicle in the name of a leasing company, and the lessee is an individual, what date is used for the lessee's plate expiration date?
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Answer:
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Leasing companies entrust plate ownership to their lessees. The plate expires on the lessee's birthday. This is dictated by law. Some lessees may wish to have their plate expire on the date their lease is up, however, a birthday expiration date must be used. At the end of their lease, the lessee keeps the license plate and may transfer it to the next car they choose to purchase or lease.
A few leasing companies still own the plates on their leased vehicles. In these cases, the plate expiration date is the first of any month. The leasing company chooses which month they want the plate to expire when they first buy the plate.
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