trying to get out of lease, what are my options?

AlpineG05 · 01-08-2010, 02:21 PM

have a year left on my lease and need an suv now so i was wondering what options do i have? thanks in advance!

teamadobo · 01-08-2010, 02:29 PM

Maybe you and this guy can talk

http://www.e90post.com/forums/showthread.php?t=338483

kgb1637 · 01-08-2010, 02:32 PM

The easiest to you is a lease transfer, try swapalease.com and leasetrader.com for more details. BMW charges a small fee, $450.00 if i'm not mistaken, to transfer and you are out of the lease just like that. Another, usually more expensive option is to buy the car at the current buyout price which you can find on bmwusa.com and physically own the car, then sell it right away.

KingJaffeJoffer · 01-08-2010, 02:37 PM

Quote:

Originally Posted by kgb1637

The easiest to you is a lease transfer, try swapalease.com and leasetrader.com for more details. BMW charges a small fee, $450.00 if i'm not mistaken, to transfer and you are out of the lease just like that. Another, usually more expensive option is to buy the car at the current buyout price which you can find on bmwusa.com and physically own the car, then sell it right away.

Yeah, Swapalease and Leasetrader. But, they also have fees and, as BMWFS will not allow transfers during the final 6 months, you'll have to move fast. Further, you'll need someone willing to only drive the car for about 11 months (assuming they do not want to buy it after the lease is up).

Ramos · 01-08-2010, 02:50 PM

Quote:

Originally Posted by Alpine 335i

have a year left on my lease and need an suv now so i was wondering what options do i have? thanks in advance!

Just of curiosity, why do you "need" an SUV now? You have a sedan... so what possible reason is there for the sudden need for an "SUV"?
Sedans can carry people/kids/stuff just as well as an SUV, so unless you moved to a mountain top house with no paved road access, I cannot understand why people suddendly develop the need for an SUV

AlpineG05 · 01-08-2010, 03:23 PM

Quote:

Originally Posted by Ramos

Just of curiosity, why do you "need" an SUV now? You have a sedan... so what possible reason is there for the sudden need for an "SUV"?
Sedans can carry people/kids/stuff just as well as an SUV, so unless you moved to a mountain top house with no paved road access, I cannot understand why people suddendly develop the need for an SUV

mostly for work, i'm in vineyard management, and was using a toyota tacoma but now i think i need a suv or maybe a new truck. really can't take a bmw to the grape fields haha so that is pretty much why. i know i should have thought about it before buying the bmw but now i really don't see the point of having it.

bmwmike335 · 01-08-2010, 04:09 PM

im in your same boat (wanting to get out early not the SUV part lol)
swapalease n leasetrader charge you and i dno it just seems like my last resort. i posted my car up on craigslist (free) and got insane amount of feedback. a lot of people were interested, at the same time, you had a lot of people that didnt understand it and would bribe me with cash to not do the transfer and just let them drive it n they pay ME monthly..ya right whos that stupid.

anyway i changed my mind last minute otherwise im sure i would have eneded up doing the trade...ima try craigslist again and then my last resort will be leasetrader.
(i still have cold feet tho)

good luck!

bmr760 · 01-08-2010, 04:28 PM

http://www.7post.com/forums/showthread.php?t=177388

jopa489 · 01-08-2010, 04:29 PM

There's a thread on this same topic right below this. Search first?

Me_Hi · 01-08-2010, 05:31 PM

I have a solution....
Part out whatever has any values ( no serial numbers )
Drive the car in a remote area, drop some gas in the inerior of the car and light up a match. Make sure your girl, wife or "partner", can remember very well that you both spend that nigh getting it on...
Than call the car stolen the next day and.... there you go...
If you're greek, please don't put Windex, it's not gonna get fixed...

caseybc · 01-08-2010, 06:51 PM

maybe try to trade it in for an X5?

I think you'll have to pay the last payments plus the buyout to trade it in or sell it.

If you can work a dealer to selling you the car with a 15% discount off the list price; that, plus the tax savings when you trade a vehicle in you could make up a bunch of the difference on the trade value vs. the buyout amount.

Elbejoubmw · 01-09-2010, 03:50 PM

DO NOT BUY OUT THE CAR! I just sold my 2008 toyota camry which i had leased for 2 years. i had 1 year left on it. if you chose to buy it out you will have to pay taxes on it and the person wanting to purchase your vehicle will have to pay taxes as well. What i did was went ahead and posted it on craigslist found a buyer, went to the dealership had to pay $450 all together and i was clear and out of it. say you owe $24500 on the car and have it posted for $25000, you wont have to worry about that $450... Leasing a car is the worst thing ever, Dealerships make most their money from that!

01-08-2010, 02:21 PM	#1
AlpineG05 hi 129 Rep 1,140 Posts Drives: Alpine White G05 Join Date: Feb 2008 Location: Bakersfield, Cali iTrader: (1)	trying to get out of lease, what are my options? have a year left on my lease and need an suv now so i was wondering what options do i have? thanks in advance! __________________ 2022 M Sport G05 Jb4, CTS catless dp, M performance exhaust, bms intake, IND goodies, Maxton kit
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01-08-2010, 02:29 PM	#2
teamadobo Captain 43 Rep 608 Posts Drives: 328i Xdrive Join Date: Nov 2009 Location: Ontario Canada iTrader: (3)	Maybe you and this guy can talk http://www.e90post.com/forums/showthread.php?t=338483
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01-08-2010, 02:32 PM	#3
kgb1637 Lieutenant Colonel 21 Rep 1,519 Posts Drives: RS5 Join Date: Sep 2008 Location: Baltimore, MD iTrader: (0)	The easiest to you is a lease transfer, try swapalease.com and leasetrader.com for more details. BMW charges a small fee, $450.00 if i'm not mistaken, to transfer and you are out of the lease just like that. Another, usually more expensive option is to buy the car at the current buyout price which you can find on bmwusa.com and physically own the car, then sell it right away. __________________ Retired - '08 E90 335i Sparkling Graphite/Gray Dakota Leather, ZSP, ZCW, ZPP, Navi, ipod, Sat
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01-08-2010, 04:09 PM	#7
bmwmike335 Captain 86 Rep 712 Posts Drives: m4 Join Date: Dec 2008 Location: los angeles iTrader: (3)	im in your same boat (wanting to get out early not the SUV part lol) swapalease n leasetrader charge you and i dno it just seems like my last resort. i posted my car up on craigslist (free) and got insane amount of feedback. a lot of people were interested, at the same time, you had a lot of people that didnt understand it and would bribe me with cash to not do the transfer and just let them drive it n they pay ME monthly..ya right whos that stupid. anyway i changed my mind last minute otherwise im sure i would have eneded up doing the trade...ima try craigslist again and then my last resort will be leasetrader. (i still have cold feet tho) good luck! __________________ 2015 ///M4 2006 525i 2008 335i Coupe 2011 1er 6MT ///M-Sport 2013 535i (RIP), 2014 535i (RIP) 2013 e92 M3 interlagos blue
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01-08-2010, 04:28 PM	#8
bmr760 Captain 141 Rep 669 Posts Drives: G80 M3C, F90 M5C, G05 X5 40i Join Date: Jul 2008 Location: Central South, FL iTrader: (0)	http://www.7post.com/forums/showthread.php?t=177388 __________________
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01-08-2010, 04:29 PM	#9
jopa489 Major General 122 Rep 6,594 Posts Drives: Anything with Wheels Join Date: Mar 2009 Location: USA iTrader: (9)	There's a thread on this same topic right below this. Search first? __________________ X7 LCI // Incoming C7 ZR1 ZTK // Sebring + TRX // Hydro + Raptor Gen1 Roush // Tuxedo
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01-08-2010, 05:31 PM	#10
Me_Hi Major 34 Rep 1,488 Posts Drives: * Join Date: Jun 2009 Location: * iTrader: (13)	I have a solution.... Part out whatever has any values ( no serial numbers ) Drive the car in a remote area, drop some gas in the inerior of the car and light up a match. Make sure your girl, wife or "partner", can remember very well that you both spend that nigh getting it on... Than call the car stolen the next day and.... there you go... If you're greek, please don't put Windex, it's not gonna get fixed... __________________
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01-08-2010, 06:51 PM	#11
caseybc Average Member 3 Rep 61 Posts Drives: 335i M sport Join Date: Sep 2009 Location: Vancouver Island iTrader: (0)	maybe try to trade it in for an X5? I think you'll have to pay the last payments plus the buyout to trade it in or sell it. If you can work a dealer to selling you the car with a 15% discount off the list price; that, plus the tax savings when you trade a vehicle in you could make up a bunch of the difference on the trade value vs. the buyout amount.
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01-09-2010, 03:50 PM	#12
Elbejoubmw Private First Class 13 Rep 109 Posts Drives: bmw 335i coupe Join Date: Aug 2009 Location: Edmonds, wa iTrader: (0)	DO NOT BUY OUT THE CAR! I just sold my 2008 toyota camry which i had leased for 2 years. i had 1 year left on it. if you chose to buy it out you will have to pay taxes on it and the person wanting to purchase your vehicle will have to pay taxes as well. What i did was went ahead and posted it on craigslist found a buyer, went to the dealership had to pay $450 all together and i was clear and out of it. say you owe $24500 on the car and have it posted for $25000, you wont have to worry about that $450... Leasing a car is the worst thing ever, Dealerships make most their money from that!
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