Quote:
Originally Posted by 335xray
I briefly spoke with the sales manager yesterday as well and while he told me he needs to speak with BMW NA on Tuesday, he thinks what will happen is a substitution situation. He orders me a new truck built very similar to our truck and it is substituted for our current truck in the lease. They essentially just change the VIN number on the lease and we finish out our lease terms with the new 2012 truck instead of the POS 2011.
I may see if we can alter the interior color or add a few options but I think I am ok with that option. It gets us back into a truck we like fairly quickly and we don't have to sign another 3 year lease.X
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It's referred to as a "collateral exchange." I had this experience with our X3 several years ago. An additional benefit in this situation b/c you are leasing, is that when your lease expires, you will actually have equity in the 2012 X b/c the residual was based on the 2011 X. As you a result, you can sell the 2012 and make a profit. We did this with our X3
