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03-27-2020, 09:20 AM | #1 |
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2018 M3 CS Lease 4200 Refundable Sec Dep 3k down 599/month
EDIT 7/10- LEASE TRANSFER COMPLETED I am with much hesitation putting my 2018 M3 CS Lease up for transfer or sale (give that this is the nicest car I have ever personally driven). I don't drive it enough for me to justify keeping it, and it has a ton of miles left that I will never get to use to it's full potential. I would need the $4200 security deposit (which is completely refundable at the end of the lease) plus an additional $3k down (I put almost twice this down given the low payment). Serious inquiries only, I am not desperate to move the car and will keep it if there is not a significant interest. Currently monthly payment in $599 (state of PA is $617 a month including road tax). You will also be responsible for the lease transfer fee. Next payment is due JULY 14, 2020. I also have a set of Blizzak snow tires on BBS rims for $1000- these have less than 2k miles on them. You can choose whether or not you want these. Sticker $101,845 Lease payoff (would need to add the down payment of 3k to me) $71,420.23 Months left counting May would be 14 months of driving, depending how quick the transfer goes through. Mileage is currently around 7068. Allowed 25,030 miles. Approx 1,283 miles a month are left if you assume 14 months by the time you get the car. Residual is $65,180.80. Contract End Date Aug 14, 2021 Total Miles Allowed 25,030 Pristine Condition inside and out, and has never been tracked or modified in any way. I am the second owner as someone else transferred their car to me just two months into their lease, it was brand new and all break in procedures were followed. EDIT 7/10- LEASE TRANSFER COMPLETED Last edited by amzbimmer; 07-10-2020 at 10:47 AM.. |
03-27-2020, 09:44 AM | #2 | |
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03-27-2020, 10:16 AM | #3 | |
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03-29-2020, 07:45 AM | #4 | ||
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People do the math Still not an awful deal but don't couch the terms Glee |
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03-29-2020, 07:57 AM | #5 | |||
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2022 X5 45e : AW/Tartufo
2018 M3 Competition : AW/SO 2016 340i xDrive : AW/CR (sold) |
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03-29-2020, 07:58 AM | #6 | ||||
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03-29-2020, 01:59 PM | #8 |
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The $4200 is MSD- refundable to you at the end of the lease. So the math is closer to a bit above $800 a month. Considering the mileage left on it and condition of the car, I still think it's a really good deal.
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03-29-2020, 02:01 PM | #9 |
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03-29-2020, 02:07 PM | #10 |
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OP I was just reading on lease hackr that BMW has stopped all lease transfers right now due to Covid-19.
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03-29-2020, 02:26 PM | #11 | |
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Hopefully we would be able to proceed once the open the process back up. |
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04-22-2020, 12:31 PM | #13 |
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04-22-2020, 01:46 PM | #14 |
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04-22-2020, 03:45 PM | #15 |
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04-24-2020, 02:08 PM | #18 | |
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Regardless, after the transfer is complete, the transferee would have a power of attorney and would have 30 days to complete the paperwork/registration. |
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04-24-2020, 02:26 PM | #19 |
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Maryland MVA and Pennsylvania closed as well. But who knows what three weeks from now will hold, I imagine some of them will open up in limited capacity but it maybe an issue getting the title prior to that.
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04-24-2020, 03:53 PM | #20 |
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My understanding is that since BMW owns the car the title is not changing hands. For a lease transfer they shouldn't have to involve the DMV for the title at all. At least according to the BMWFS rep that I spoke with.
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04-24-2020, 03:56 PM | #21 | |
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04-24-2020, 06:45 PM | #22 | ||
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