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      04-07-2020, 12:48 PM   #1
dp21
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M3CS Lease Swap Help

Hello everyone,

First time ever doing a lease swap so I am quite unfamiliar with all this, but...

Looking into taking over a lease for a 2018 BMW M3cs.

Is this a good/fair deal?

$2000 to current owner, then for monthly payments 498$ per month for 9 months. And an additional $750 dealership fee to takeover this lease.

Any help would be great! Thank you.
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      04-07-2020, 01:08 PM   #2
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$498/month for 9 months to drive the CS?

That’s a fantastic deal even with $2k to the owner, that’s still way below than the average $750+ lease out there.
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      04-07-2020, 02:12 PM   #3
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$2750/9 = 305 per month so $305 plus $498 means you’re effectively paying $803 per month.
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      04-07-2020, 02:46 PM   #4
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The effective payment is a reasonable deal, depending on available miles as well. You also need to consider tire condition and car overall, assuming it is in great shape.

I have done a few takeovers on leases and swapped some of my own as well.

I do not understand the dealer fee of $750, that was already paid by you upfront?

BMW Financial does charge a $500 transfer fee to whoever is assuming the lease. This needs to be accounted for as well.

Finally BMW Financial has put a hold on transfer right now. You can list and get an interested party for when this hold is taken off.

Hope that helps. Swapalease will usually move your car the fastest.
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      04-07-2020, 03:04 PM   #5
dp21
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Quote:
Originally Posted by nathanaz View Post
The effective payment is a reasonable deal, depending on available miles as well. You also need to consider tire condition and car overall, assuming it is in great shape.

I have done a few takeovers on leases and swapped some of my own as well.

I do not understand the dealer fee of $750, that was already paid by you upfront?

BMW Financial does charge a $500 transfer fee to whoever is assuming the lease. This needs to be accounted for as well.

Finally BMW Financial has put a hold on transfer right now. You can list and get an interested party for when this hold is taken off.

Hope that helps. Swapalease will usually move your car the fastest.
Sorry for not clarifying, 17k miles left on lease.

750 is the bmw financial service fee for transferring.
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      04-07-2020, 10:38 PM   #6
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Transfer fee is $500, not $750
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      04-07-2020, 10:55 PM   #7
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Make sure that car doesn't need tires. You will pay a lot more if you have to replace them by lease end.
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      04-08-2020, 08:38 AM   #8
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Ask them to get a lease end a pre inspection done at bmw dealership. It will give you an idea how much you have to pay when you turn in the car.
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      04-08-2020, 09:06 AM   #9
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Also double check by calling bmw financial.. I have been hearing due to virus situation BMW is not allowing lease transfers right now. 500 is the transfer fee.

Good luck
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      04-08-2020, 10:50 AM   #10
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This post just seems so misinformed and not believable.
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      04-08-2020, 10:55 AM   #11
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Quote:
Originally Posted by f80er View Post
This post just seems so misinformed and not believable.
Lol like I said, this is my first time doing this.
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      04-08-2020, 02:43 PM   #12
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Quote:
Originally Posted by dp21 View Post
Lol like I said, this is my first time doing this.
I would call BMWFS and speak to them on how it all works so you aren't getting the wool pulled over your eyes my dude.
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      04-13-2020, 01:00 PM   #13
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Depending on your state you will need to pay all taxes at the DMV when you register the vehicle. So potentially factor that in if you only plan to keep the car until lease tenure.
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      05-09-2020, 10:11 AM   #14
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GREAT DEAL!
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      05-09-2020, 10:53 AM   #15
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It's ok deal because it's around 800-900 plus tax. And at the end of lease you are responsible for all the extra payment and return fee o think is 350. Unless there is no tire wear nor other damage. Normally dealer charge 2000 for a new set of tire. Not sure about cup2
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