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Originally Posted by linh811
With all this talk about the 3L TT diesel possibly making it to the states, there is a bit of regret that I purchased my 4.8 last week. Anyone know anything about breaking a lease and getting myself into one of these diesel torque monsters?
How much would the dealer make me bend over? and will it hurt much?
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YOu can't "break" a lease, you can buy it out, but that's expensive, or you can have someone assume the lease.. But BMWFS allows you to assign the lease to someone else, but you have to find that person first and agree on the terms. If you JUST leased the car, it's going to be very difficult to find someone to assume the lease because there is no incentive for them (they could get the same or better deal from the stealer). Most lease assumptions happen after the lease is about 1/2 over or within 6-12 months of the termination. The good thing is the BMWFS allows you to assign the lease and walk away free and clear, MB, GM, Ford, etc etc, will keep you on the lease as a guarantor, which sux because if the new "owner" defaults, you're responsible for the payments.
The best advice I can give you is to enjoy the car for the lease term, try to dump it after a year/18months. If you try to buy it out right now, you're so upside down that the car will cost you significantly more than if you had just financed it or bought it outright.
good luck.
btw- check out swapalease.com and leasetrade.com if you decide you want to dump it.