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      09-05-2019, 06:34 PM   #1
kDub2019
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2018 530i Sport Lease Assumption SoCal

I have ad up on Craigslist for someone to assume my 2018 530i with SportPackage. Let me know if you are interested.

https://sandiego.craigslist.org/nsd/...966905797.html

So I leased a new 2018 BMW 530i and placed it into service in January 2019. It's a great car but I am going back to Mercedes. You can take over my lease through BMW Financial and your payment will be $649.94 which includes CA taxes. The lease runs through 1/13/22. I put $6500 down to lower the lease payments and the lease allows 10k miles per year. See image from BMW website - a 2020 configured with the same options, with $2,500 down, is $799 per month. Do the math - you will come out several thousand ahead.

The car has 6,000 miles on it as of 8/28 but the car came 700 miles on it (executive loaner) - so those miles do not count against the lease. As part of the transfer I would request a $3k payment to offset my buy down. This is a great deal for you because I am only 9 payments into the 30 month lease. If you are not familiar with a lease transfer this is done through BMW financial. They will run a credit check and transfer the lease paperwork to you. The only impact to the payment would be if you have bad credit. If you are not familiar with a lease all maintenance is covered except tire wear. The car is accident free.
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Last edited by kDub2019; 09-05-2019 at 07:36 PM.. Reason: Add content
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      09-11-2019, 10:50 PM   #2
knighttfury
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Quote:
Originally Posted by kDub2019 View Post
I have ad up on Craigslist for someone to assume my 2018 530i with SportPackage. Let me know if you are interested.

https://sandiego.craigslist.org/nsd/...966905797.html

So I leased a new 2018 BMW 530i and placed it into service in January 2019. It's a great car but I am going back to Mercedes. You can take over my lease through BMW Financial and your payment will be $649.94 which includes CA taxes. The lease runs through 1/13/22. I put $6500 down to lower the lease payments and the lease allows 10k miles per year. See image from BMW website - a 2020 configured with the same options, with $2,500 down, is $799 per month. Do the math - you will come out several thousand ahead.

The car has 6,000 miles on it as of 8/28 but the car came 700 miles on it (executive loaner) - so those miles do not count against the lease. As part of the transfer I would request a $3k payment to offset my buy down. This is a great deal for you because I am only 9 payments into the 30 month lease. If you are not familiar with a lease transfer this is done through BMW financial. They will run a credit check and transfer the lease paperwork to you. The only impact to the payment would be if you have bad credit. If you are not familiar with a lease all maintenance is covered except tire wear. The car is accident free.
In all honesty, you deal is horrible. Try your luck on swapalease or leasetrader.
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      09-13-2019, 06:49 PM   #3
kDub2019
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Thanks for your feedback.

What makes it a bad deal? Is it the $3000 down or the monthly payment of $649 or both? The $649 includes CA taxes which I assume is a pretty big chunk of the payment. I need to break that out in case anyone out of state is interested. I thought this was a good deal compared to the payment of $799 per month per the BMW web site for a 2019 equipped with the same features and $2,500 down. I found 5 series on swaplease for less but most of them are stripped down - no sport package. The 5 series with more features were more expensive.
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      09-18-2019, 04:05 AM   #4
potmilkz
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its a bad deal because someone can go and get a new bmw for less... i just got a 2019 loaner with 2200 miles for 1500 down and 622 a month.. and its a 540i msport with conv package.. so you can compare to that,.
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      09-27-2019, 07:27 PM   #5
drmlee
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sorry to say but you got bent over on the original deal. you're going to have a really hard time getting someone to take over this lease. you can get a new one with this payment with just first months payment and registration as the drive off fees. whatever dealer/salesman you went to, i would never ever go back to them again. for about $50-60 more a month you can get a 540i msport with nothing down other than minimum drive offs. someone might take this deal if you eat the down payment.
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