Home Forums Articles How To's FAQ Register
Go Back   Xoutpost.com > Off-topic > The Lounge
Arnott
User Name
Password
Member List Premier Membership Today's Posts New Posts

Xoutpost server transfer and maintenance is occurring....
Xoutpost is currently undergoing a planned server migration.... stay tuned for new developments.... sincerely, the management


Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 05-27-2007, 04:34 AM
jcreed's Avatar
Member
 
Join Date: Jan 2007
Location: Boston
Posts: 146
jcreed is on a distinguished road
lease question

my friend has a lease from bmw and she wants to switch to another bmw.if she go back to bmw and trade in her car for a new lease does she still have to pay all the remaining payments or is it possible to switch to a different car with a small penalty? thanks
Reply With Quote

Sponsored Links

  #2  
Old 05-27-2007, 07:35 AM
Wagner's Avatar
..make it happn' capn'
 
Join Date: Mar 2005
Location: Mt. Airy, MD
Posts: 17,708
Wagner is on a distinguished road
Hmm, really a question for the dealer. There can be some many catches written into a lease, she is better off talking to a finance rep at the dealership.
__________________

An unwavering defender of those I see worth protecting.

"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Reply With Quote
  #3  
Old 05-27-2007, 05:00 PM
AutoXer's Avatar
Member
 
Join Date: Mar 2005
Location: San Francisco
Posts: 1,983
AutoXer is on a distinguished road
Usually if you are trading into another BMW, they will work out a deal with you. Just go to the dealer and ask.
Reply With Quote
  #4  
Old 05-27-2007, 11:30 PM
Thunder22's Avatar
Wait... what?
 
Join Date: Apr 2005
Location: LI/TX
Posts: 11,154
Thunder22 is on a distinguished road
Quote:
Originally Posted by jcreed
my friend has a lease from bmw and she wants to switch to another bmw.if she go back to bmw and trade in her car for a new lease does she still have to pay all the remaining payments or is it possible to switch to a different car with a small penalty? thanks
it is extremely rare that bmwfs lets you out of the lease to get into another one. the dealer doesn't hold the lease, bmwfs does.... if she only has a few payments left the dealer *could* make a deal, but i doubt it's worth it.

I would suggest that she put the car on swaplease.com and assign it over to someone else and then go get what she wants. BMWFS lets you assign the lease and walk away with no responsibility, I did it exactly that about 18 months ago with my '04 X5 4.4i
__________________
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.
Reply With Quote
  #5  
Old 05-28-2007, 01:24 AM
B-Line's Avatar
*** Is this thing on? ***
 
Join Date: Mar 2005
Location: Los Angeles...
Posts: 4,428
B-Line is on a distinguished road
Jcreed, I would discourage your friend from even trying.

It is a finance managers job to find a way to "pad" the numbers so it looks like your friend is getting out of the lease. But believe me, one way or another, your friend is going to pay for that lease.
They might show you a way that your numbers won't change.. ex, you were paying $500/month, you could trade in your car and still pay $500/month.. But the lease terms are usually very against your friends position. (the terms are much longer, or the car is less expensive, or the deposit is greater.." etc.

It's just not worth it unless your friend REALLY REALLY needs to get out of the vehicle.

B
__________________
----------------------------------------------------------

"When two people agree on everything, one of them is not necessary" - Arliss
Reply With Quote
  #6  
Old 05-28-2007, 08:03 AM
Meiac09's Avatar
Member
 
Join Date: Apr 2006
Location: Chicago
Posts: 4,224
Meiac09 is on a distinguished road
If the car has equity (worth more than the payoff), then they will take the car like an ordinary trade-in and put the equity towards a new lease or purchase (at least around here...)
GL
Reply With Quote
  #7  
Old 05-28-2007, 08:20 AM
Thunder22's Avatar
Wait... what?
 
Join Date: Apr 2005
Location: LI/TX
Posts: 11,154
Thunder22 is on a distinguished road
Quote:
Originally Posted by Meiac09
If the car has equity (worth more than the payoff), then they will take the car like an ordinary trade-in and put the equity towards a new lease or purchase (at least around here...)
GL

I don't think I know anyone with a lease who ever winds up right side up in a lease.... it's almost impossible unless you take out a 4 year lease and you're in month 40 (assuming the lease terms weren't a complete ripoff)
__________________
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.
Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -4. The time now is 08:07 AM.
vBulletin, Copyright 2026, Jelsoft Enterprises Ltd. SEO by vBSEO 3.6.0
© 2017 Xoutpost.com. All rights reserved. Xoutpost.com is a private enthusiast site not associated with BMW AG.
The BMW name, marks, M stripe logo, and Roundel logo as well as X3, X5 and X6 designations used in the pages of this Web Site are the property of BMW AG.
This web site is not sponsored or affiliated in any way with BMW AG or any of its subsidiaries.