| 06-13-2016, 12:28 PM | #1 |
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BMW Lease assumption process: Superb !
The service was GREAT ! I assumed the lease from a fellow forum member and the whole process was a breeze !
Overall it took only 3 days !! Which was amazing. Step 1: I had to fill up the credit application and in 10 minutes, I got the approval !! Step 2 : Both parties were asked to fill out the documentation and mail them. They ask to overnight the documentation. They also provide sample docs, so there is no confusion/questions while filling out. You will get an email stating they received the stage 2 docs. Step 3: Assumption complete. The next working day after BMW got the paper work from both parties, I got an Assumption complete email ! They reviewed if the documentation provided was accurate. Once you have the email, you can go and pick your car up, they will mail you the actual hard copies via 2 day FedEx. You can take possession of the car, once you get the email. They say it might take up to 3 weeks, but it truly only takes 3 days, if both parties are in sync !! Customer support was also great, I had questions and called them multiple times. Overall a GREAT experience !  I thought I will share my experience, so it will help anybody who has doubts. |
| 06-13-2016, 01:04 PM | #2 |
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Congrats on the new car!
This is lease assumption through BMWFS? People always mention swap lease, but I've never heard anyone talk about any service BMW offered. |
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| 06-13-2016, 01:37 PM | #3 | |
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| 06-13-2016, 08:35 PM | #5 | |
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Hey Yes. The lease assumption is through BMWFS. Swapalease.com and leasetrader.com are websites, where you find people offering their cars for lease assumption. I found one on this forum (member classifieds) |
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| 06-13-2016, 08:59 PM | #6 | |
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| 06-14-2016, 01:36 AM | #8 |
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Gone but not forgotten:
2007 E63 M6 SMG, 1999 996 Carrera Cab AT, 2007 & 2008 E90 335xi AT, 2011 E93 M3 DCT, 2X 2002 E46 M3 SMG & 6MT, 2016 F80 M3 DCT |
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| 05-25-2017, 06:19 AM | #10 | |
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Drives: 2020 X3MC
Join Date: Jan 2016
Location: Sykesville, MD
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| 05-25-2017, 08:46 AM | #11 | |
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They opened up a new branch called up2drive that finances any car. You apply directly through them. I applied Monday morning, 10 min later had approval asking for call back. Called back, got the terms that were very good, next day I have check in my hand. Once my ordered vehicle is here, I bring the check to the dealer, they send in documentation, and get the clearance to deposit the check and release the car. They are awesome!
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