Sell my X5

[gators1]

I am currently leasing my X5 through BMW Finance. Will they allow me to sell my vehicle to someone else or do I have to purchase the vehicle first? I remember having a problem with Audi that they would not let me sell the car to another person. Does anyone have any insight into this...

[SuaveX5]

sure you can sell it, but you have to paid it off to bmw before you can transfer ownership to the buyer.( just arrange with the buyer the trans.)

[UncleTito]

Originally Posted by SuaveX5

sure you can sell it, but you have to paid it off to bmw before you can transfer ownership to the buyer.( just arrange with the buyer the trans.)

which is same as having to purchase the vehicle first

[dan_fitz]

I am in the middle of dealing with this on our Lexus before I can pick up my X5. It has delayed everything by 3 weeks. It has been a ridiculous pain in the neck. Does anyone know why a leasing company would not just let you sell to a third party like any other bank loan allows?

[Thunder22]

I looked into buying out my lease earlier this year, but the combination of remaining lease paymetns (which you have to pay no matter what) in addtion to the residual was exhorbitant and not smart financially for me at this point in my lease. you can assign the lease to someone else as long as you're not within 6 mnths of the end of your leaase. (i think it's 6 months, might be different)

[ZettaQuattro]

Originally Posted by dan_fitz

... Does anyone know why a leasing company would not just let you sell to a third party ...?

That is because you cannot sell something, that does not belong to you. If you lease a car, it belongs to the Leasing-Company, not to you

[crete]

Originally Posted by gators1

I am currently leasing my X5 through BMW Finance. Will they allow me to sell my vehicle to someone else or do I have to purchase the vehicle first? I remember having a problem with Audi that they would not let me sell the car to another person. Does anyone have any insight into this...

You might be interested in this company, they help you get out of a lease early.

Swap a Lease

[gators1]

Hey, what do you guys think I can sell my X5 for?

Estoril Blue w/Black interior
20" 4.6 rims
BMW Body Kit
Warm Weather Package
Comfort Seats
Sports Package
Navigation
Premium Sound
Bluetooth

18000 miles

perfect shape. Would appreciate some advice here. Edmunds says $48k for private seller. I see them selling for alot more with less equipment.

[X5Jay]

Is it a 2000 3.0 or a 2005 4.8? :-)

[ZettaQuattro]

Why do you want to sell a car like this! It´s amazing! Don´t do this