[TorontoGambler]

I bought a Dravit Grey M340i in June... loving it although driving way less during Covid. With the M3 Comp coming out I’m fairly tempted to upgrade. Does anyone have experience on changing over the lease with BMW? I was able to get 9% off (quite good in Canada) so a pretty decent deal, but not sure if they’ll stick me with fees or just no negotiation. If anyone has any experience let me know.

[calbears]

You'll have to get someone to take over your lease (or buy it out). Otherwise, you aren't getting out of the M340i without paying the remaining payments. But maybe that's different in Canada.

[TorontoGambler]

Originally Posted by calbears

You'll have to get someone to take over your lease (or buy it out). Otherwise, you aren't getting out of the M340i without paying the remaining payments. But maybe that's different in Canada.

I have no worries that they won’t let me upgrade, it’s more money and they keep me in the brand, it’s just whether I can still negotiate the M3 down. They wouldn’t let you upgrade in the US?

[elkid23]

They'll keep you in the brand by making you pay any negative equity that's left on the M340. They'll offer to roll this into your M3 payment. Sorry, but that's how it works (at least here in the US)

[amrh]

I've gotten out of many leases (US). You either trade it in for the M3, just as if you owned it. Or, (here in the US) you can find someone to take over your lease. Its a very easy process. BMW does a great job with the transfer. Lastly, you can sell it to a dealership by using an online car site like TrueCar or KBB, etc, and getting an offer.

I've done all three...just depends upon how much you can cover the remaining amount of the "loan".

[elkid23]

Originally Posted by amrh

I've gotten out of many leases (US). You either trade it in for the M3, just as if you owned it. Or, (here in the US) you can find someone to take over your lease. Its a very easy process. BMW does a great job with the transfer. Lastly, you can sell it to a dealership by using an online car site like TrueCar or KBB, etc, and getting an offer.

I've done all three...just depends upon how much you can cover the remaining amount of the "loan".

Agreed on all the options you laid out. I actually swap in and out of BMWs pretty much every year. But it seems OP is looking for a program or incentive that allows him to trade up based on his loyalty. That's just not going to happen.

Like you pointed it, it comes down to the amount outstanding or buyout on the loan. They won't forgive any of that.