FEELER: 2018 BMW M3 CS (Lease Takeover)

ak88 · 09-28-2021, 07:47 PM

Sold. Post Removed.

ccim_m4cs · 09-29-2021, 07:23 AM

beautiful car. what is the current payoff?

1stockf80 · 09-29-2021, 10:03 AM

So you want 10k deposit to you and then we pay 671 a month for a car we will be leasing for 6 months ?!!

White340 · 09-29-2021, 01:14 PM

Quote:

Originally Posted by 1stockf80

So you want 10k deposit to you and then we pay 671 a month for a car we will be leasing for 6 months ?!!

You have the option to buy it out at residual at the end as well.

pikkagtr · 09-29-2021, 09:27 PM

671x6=4026+10000+62460= $76,486$ M3 CS
IF you end up buying it
Other wise it'll be $2337/month lease

White340 · 10-02-2021, 05:44 PM

Quote:

Originally Posted by pikkagtr

671x6=4026+10000+62460= $76,486$ M3 CS
IF you end up buying it
Other wise it'll be $2337/month lease

Plus 500 transfer fee.

R N M · 10-04-2021, 11:28 AM

Whoever takes over will need to pay NY tax again on remaining lease payments, even if the original person already did. I went through this process previously.

OP - Have you tried selling the car to Carvana etc? Probably easier process.

White340 · 10-04-2021, 11:34 AM

Quote:

Originally Posted by R N M

Whoever takes over will need to pay NY tax again on remaining lease payments, even if the original person already did. I went through this process previously.

OP - Have you tried selling the car to Carvana etc? Probably easier process.

Happened to me when I moved from nj to ny. Same owner but ny wanted tax on my remaining lease payments (which had nj taxes rolled into them). Compounding taxes. Ouch

ak88 · 10-04-2021, 12:31 PM

Quote:

Originally Posted by R N M

Whoever takes over will need to pay NY tax again on remaining lease payments, even if the original person already did. I went through this process previously.

OP - Have you tried selling the car to Carvana etc? Probably easier process.

Thanks for confirming the NY tax implications on the remaining lease payments based on your previous transfer.

I actually did get an estimate from Carmax over the summer (for fun) and the outcome was significant lease equity. Not sure if the market has cooled down since but I wasn't ready to accept it at that time.

ak88 · 10-04-2021, 12:34 PM

Thank you all for the interest/input.

As I stated in my original feeler post, this opportunity is for someone with the intention of buying it out end of lease term. Seems reasonable, especially one without any stories.

09-28-2021, 07:47 PM	#1
ak88 New Member 24 Rep 26 Posts Drives: BMW F80 M3 Join Date: May 2019 Location: NY iTrader: (0)	Sold. Post Removed. Last edited by ak88; 03-26-2022 at 02:24 PM..
	Appreciate 1 unfoundnemo1909.00 Tweet Quote

09-29-2021, 07:23 AM	#2
ccim_m4cs Private First Class 57 Rep 150 Posts Drives: Looking to order something Join Date: Jul 2014 Location: Westhampton, NY iTrader: (2)	beautiful car. what is the current payoff?
	Appreciate 1 ak8824.00 Quote

09-29-2021, 10:03 AM	#3
1stockf80 Private First Class 92 Rep 126 Posts Drives: 2017 f80 Join Date: Apr 2020 Location: commack ny iTrader: (0)	So you want 10k deposit to you and then we pay 671 a month for a car we will be leasing for 6 months ?!!
	Appreciate 1 dwz99.50 Quote

09-29-2021, 09:27 PM	#5
pikkagtr Go Spurs Go 3897 Rep 2,876 Posts Drives: 2022 GR Zupra Join Date: Jan 2015 Location: Bay Area iTrader: (-1)	671x6=4026+10000+62460= $76,486$ M3 CS IF you end up buying it Other wise it'll be $2337/month lease
	Appreciate 6 pokerface429.50 dwz99.50 Rantlers133.50 ak8824.00 unfoundnemo1909.00 MTTH232.50 Quote

10-04-2021, 11:28 AM	#7
R N M Colonel 3633 Rep 2,051 Posts Drives: F80 M3 Join Date: Apr 2009 Location: NYC iTrader: (0) Garage List 2016 BMW M3 [0.00]	Whoever takes over will need to pay NY tax again on remaining lease payments, even if the original person already did. I went through this process previously. OP - Have you tried selling the car to Carvana etc? Probably easier process.
	Appreciate 1 ak8824.00 Quote

10-04-2021, 12:34 PM	#10
ak88 New Member 24 Rep 26 Posts Drives: BMW F80 M3 Join Date: May 2019 Location: NY iTrader: (0)	Thank you all for the interest/input. As I stated in my original feeler post, this opportunity is for someone with the intention of buying it out end of lease term. Seems reasonable, especially one without any stories.
	Appreciate 1 unfoundnemo1909.00 Quote