Getting out of a lease early....

[Mr. Incredible]

Wanted to bounce this off my fellow X5 experts.....

I might be taking a new job and will not need my X5 any longer. The vehicle is currently leased with 1 year and 2 months left on the 3yr/36K contract. I leased this X5 from my close friend's dealership at his cost, so the payment is only $674.83/mo with a $36,537 residual value at the end of the lease. I am way under the allowance on miles with only 17,625 as of today.

BTW, my X5 is a 4.4 w/ Premium, Cold Weather, Rear Climate, Sport packages with Premium Sound and 19" wheels.

My questions are as follows:

1. What options do I have to get out of the lease?

2. How hard will each of these options be to accomplish?

Thanks!!

[Meiac09]

I'd post the lease here, etc and on sites like swapalease.
I'd also offer a purchase by getting the payoff from BMWNA and "selling" the car for that price

good luck!

[NINCHS]

Sell it yourself local paper/cars.com/swapalease.com or trading it on another bmw are about your only choices.

If your close friend owns a dealership, why not trying to work something out with him? maybe he will put it on his lot.

[Mr. Incredible]

Thanks for the responses so far!

Anyone else have any suggestions or thoughts how hard my X5 will be to unload should the need arise??

Thanks!

[China Man]

judging by the remainder of your lease term, you should have an '05 X5, right? Depending on color and if it has a clean history or not, it should be pretty easy to unload your X5, especially since it has a decent level of equipment, and low mileage. Good luck!

[Eric Giles]

I used Swapalease to get out of a lease I had on an '02 330i a few years back. Within a week of listing it I had a buyer for it. It takes a few days to go through all of the paperwork, but overall it was a very easy process and I highly recommend them.

[Mr. Incredible]

Thanks all!!