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Originally Posted by bozo5521
Im sure there is SOME good out of it, but Im not familiar with the "binding" rules of a lease...One of the more knowledgeable dudes on this board will hook you up Im sure...
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The major downside to a lease is that if you want to get out of it, you're responsible for the total of the monthly payments for the length of the lease. If you want to convert the lease to a purchase you're responsible for the total of the remaining monthly payment PLUS the residual.
That being said, you can transfer/assign the lease to someone else if they want it for a $450 transfer fee and they ahve to be approved by BMWFS Credit and you walk away.