Lease Take Over

MDIVISION · 03-30-2013, 11:53 AM

Would you guys take over this lease?

2013 BMW M3 Coupe Alpine White with Black Novilo Leather
Heated Seats
6 Speed Manual
$550 per month inc tax 10K per year

What do you think?

JTO24 · 03-30-2013, 12:57 PM

That's a lot of cap cost reduction.. sweet for the taker-over if the seller isn't asking any back.. if I could get rid of my Audi and simultaneously pick up this lease I would.. if the car is mint of course.

NAV8TT · 03-30-2013, 01:06 PM

550/month is very cheap!!!
How many miles on the car?

RN_2021 · 03-30-2013, 01:08 PM

Any other options other than heated seats? Mileage?

Transfer · 03-30-2013, 02:14 PM

Even if that's a stripper that's a cheap monthly payment. How many months?

MDIVISION · 03-30-2013, 04:36 PM

24 months left, 8000 miles on the car. 0 down

MDIVISION · 03-30-2013, 04:37 PM

Quote:

Originally Posted by Transfer

Even if that's a stripper that's a cheap monthly payment. How many months?

competition, leather and 6 speed is all I need.

Lovegreatcars · 03-30-2013, 04:55 PM

Quote:

Originally Posted by Mloyalty

24 months left, 8000 miles on the car. 0 down

the original owner put nothing down or he's not asking you to put anything down?

I just ordered and purchase an E92 with just about everything you could get (almost, no extended leather, no apps, but it had comp. package, premium sound, DCT, etc.) and pay $734 a month. Paid TT and T, $5000 down, 36 months, 15K a year mileage.

MDIVISION · 03-30-2013, 05:12 PM

Quote:

Originally Posted by M3crazy

the original owner put nothing down or he's not asking you to put anything down?

I just ordered and purchase an E92 with just about everything you could get (almost, no extended leather, no apps, but it had comp. package, premium sound, DCT, etc.) and pay $734 a month. Paid TT and T, $5000 down, 36 months, 15K a year mileage.

I would pay nothing down

RogeM3 · 03-30-2013, 05:22 PM

Aside of the $550 a month you pay, you also pay $10,000 per year in taxes, every year? If that's the case, if you add the $550 a month, and you pro-rate the 10K to twelve months, wouldn't you be paying $1,383 dollars a month?

If that's not the case, and if it's zero down and $550 a month, that would be a steal. Please explain? you are getting a great deal! something is missing here?

jdogg2000 · 03-30-2013, 05:35 PM

I believe he means 10k miles a year. Sounds to me like the original leasee put a large down payment to get such a low monthly payment, so now you can take over a $550/month lease with no down payment (except maybe lease transfer fees). That's a good deal if so... my 2008 M3 lease used to be about $850/month after taxes (with no money down, 12k miles a year).

fuzzybam · 03-30-2013, 06:12 PM

If you're offering that lease payment I will take it over.

Hurricane · 03-30-2013, 07:05 PM

What's the residual value?

bmwrocks · 03-31-2013, 12:18 PM

It's nice to see an existing thread on a BMW lease transfer.
The $550 is an attractive deal for an M3!
Did you have success with the lease transfer? I am trying to do the same thing and would appreciate any tips!

I have a 3 series 328xi drive based in Chicago. Looking to transfer the lease since I sadly have to move. Initially spent a lot of time negotiating on this sedan to secure a strong deal. It comes fully loaded and has the cold weather package as well...with monthly payments of $472.

izzyM2 · 03-31-2013, 01:41 PM

It has to be a huge amount of down payment from the original lease owner.

curvehound · 04-01-2013, 08:19 PM

agree. Probably around 10k down depending on what the negotiated selling price of the car was from the dealer.
Seems like a very good deal - would go for it if you like the car.

Mr. ///M3 RD · 04-01-2013, 08:23 PM

what will be the residual after 24 months?

DAC17 · 04-01-2013, 08:23 PM

Very attractive payment, but you'd have to add in any overage for the mileage that you might put on over the limit. If you don't drive much, that's a great deal!

peeti · 04-02-2013, 12:31 PM

As everyone else stated, to get to that payment there has to be a huge downpayment/cap reduction the original leasee put in. Usually they want that paid back on a transfer, but if in your case it's purely a $0 down and take over the monthly. Grab it and run as fast as you can. It's a fantastic deal! On what you'll be spending and if the residual is inline with other leases and you buy it out later - you'll have a steal. Enjoy!

03-30-2013, 11:53 AM	#1
MDIVISION Major 272 Rep 1,178 Posts Drives: 2015 M3 Join Date: Feb 2013 Location: Silicon Valley iTrader: (1)	Lease Take Over Would you guys take over this lease? 2013 BMW M3 Coupe Alpine White with Black Novilo Leather Heated Seats 6 Speed Manual $550 per month inc tax 10K per year What do you think? __________________ 2002 E46 M3 Coupe.. SOLD 2011 BMW 1M Coupe SOLD 2013 BMW M3 Coupe SOLD 2014 BMW 335i MPPK SOLD 2015 M3 SOLD
	Appreciate 0 Tweet Quote

03-30-2013, 12:57 PM	#2
JTO24 never could compete with Lloyd Braun 5276 Rep 5,378 Posts Drives: 2022 G80 M3 6MT Join Date: Feb 2011 Location: South Jersey iTrader: (7)	That's a lot of cap cost reduction.. sweet for the taker-over if the seller isn't asking any back.. if I could get rid of my Audi and simultaneously pick up this lease I would.. if the car is mint of course.
	Appreciate 0 Quote

03-30-2013, 01:06 PM	#3
NAV8TT Major 218 Rep 882 Posts Drives: 2013 ///M3 E92 DCT ZCP Join Date: Aug 2011 Location: The greatest country in the world iTrader: (0)	550/month is very cheap!!! How many miles on the car? __________________
	Appreciate 0 Quote

03-30-2013, 01:08 PM	#4
RN_2021 Private First Class 56 Rep 142 Posts Drives: 2018 F87 M2 Join Date: Jan 2013 Location: California iTrader: (1) Garage List 2012 BMW M3 [0.00] 2013 BMW 335i [0.00] 2018 BMW M2 [0.00]	Any other options other than heated seats? Mileage?
	Appreciate 0 Quote

03-30-2013, 02:14 PM	#5
Transfer Major General 5254 Rep 5,874 Posts Drives: Bronco Wildtrak, Tesla MYP Join Date: Mar 2010 Location: Issaquah, WA iTrader: (1)	Even if that's a stripper that's a cheap monthly payment. How many months?
	Appreciate 0 Quote

03-30-2013, 04:36 PM	#6
MDIVISION Major 272 Rep 1,178 Posts Drives: 2015 M3 Join Date: Feb 2013 Location: Silicon Valley iTrader: (1)	24 months left, 8000 miles on the car. 0 down __________________ 2002 E46 M3 Coupe.. SOLD 2011 BMW 1M Coupe SOLD 2013 BMW M3 Coupe SOLD 2014 BMW 335i MPPK SOLD 2015 M3 SOLD
	Appreciate 0 Quote

03-30-2013, 05:22 PM	#10
RogeM3 Ultrasiete 16 Rep 280 Posts Drives: BMW E93 M3 Join Date: Feb 2012 Location: Asheville, NC iTrader: (0)	Aside of the $550 a month you pay, you also pay $10,000 per year in taxes, every year? If that's the case, if you add the $550 a month, and you pro-rate the 10K to twelve months, wouldn't you be paying $1,383 dollars a month? If that's not the case, and if it's zero down and $550 a month, that would be a steal. Please explain? you are getting a great deal! something is missing here?
	Appreciate 0 Quote

03-30-2013, 05:35 PM	#11
jdogg2000 Private First Class 26 Rep 128 Posts Drives: 2011 Carrera GTS Join Date: Jun 2007 Location: USA iTrader: (0)	I believe he means 10k miles a year. Sounds to me like the original leasee put a large down payment to get such a low monthly payment, so now you can take over a $550/month lease with no down payment (except maybe lease transfer fees). That's a good deal if so... my 2008 M3 lease used to be about $850/month after taxes (with no money down, 12k miles a year). __________________ //'04 330i ZHP (gone) //'07 E92 335i (gone)//'08 SG E93 M3 (gone) //'11 Z4 sDrive35i (gone)//'11 Jet Black E92 M3 (gone) //'11 Carrera GTS
	Appreciate 0 Quote

03-30-2013, 06:12 PM	#12
fuzzybam Second Lieutenant 3 Rep 215 Posts Drives: MB GLE350 Join Date: Jul 2011 Location: California iTrader: (0)	If you're offering that lease payment I will take it over.
	Appreciate 0 Quote

03-30-2013, 07:05 PM	#13
Hurricane Lieutenant 60 Rep 552 Posts Drives: 2015 C63 507 Join Date: Aug 2011 Location: New England iTrader: (0) Garage List 2012 E92 M3 [10.00]	What's the residual value?
	Appreciate 0 Quote

03-31-2013, 12:18 PM	#14
bmwrocks New Member 0 Rep 6 Posts Drives: 328xi Join Date: Mar 2013 Location: Chicago, IL iTrader: (0)	Lease tranfer It's nice to see an existing thread on a BMW lease transfer. The $550 is an attractive deal for an M3! Did you have success with the lease transfer? I am trying to do the same thing and would appreciate any tips! I have a 3 series 328xi drive based in Chicago. Looking to transfer the lease since I sadly have to move. Initially spent a lot of time negotiating on this sedan to secure a strong deal. It comes fully loaded and has the cold weather package as well...with monthly payments of $472.
	Appreciate 0 Quote

03-31-2013, 01:41 PM	#15
izzyM2 Major 714 Rep 1,248 Posts Drives: 24’M2/21ID.4/21’MacanGTS Join Date: Sep 2012 Location: SoCal iTrader: (4)	It has to be a huge amount of down payment from the original lease owner.
	Appreciate 0 Quote

04-01-2013, 08:19 PM	#16
curvehound Private First Class 42 Rep 154 Posts Drives: 2016 MG/SO M3 Join Date: May 2007 Location: Boston iTrader: (0)	agree. Probably around 10k down depending on what the negotiated selling price of the car was from the dealer. Seems like a very good deal - would go for it if you like the car.
	Appreciate 0 Quote

04-01-2013, 08:23 PM	#17
Mr. ///M3 RD Happy Camper 613 Rep 7,869 Posts Drives: C63 AMG & 280 SL on Weekends : Join Date: May 2010 Location: GTA, Ontario - Canada iTrader: (0) Garage List 1969 Restored Merce ... [7.50] 2011 M3 Coupe TRADED [7.34] 1987 BMW 535is [1.00] Cars from the Past [6.50] The ///M3 Engine S65 [9.59]	what will be the residual after 24 months? __________________ Cheers, Rolf-Dieter Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well, now my C6.3 AMG with 487 HP does it too ---> Click here for some good stuff I found
	Appreciate 0 Quote

04-01-2013, 08:23 PM	#18
DAC17 Long live BMW M's! 171 Rep 368 Posts Drives: 2023 CT5-V Join Date: Oct 2010 Location: CT iTrader: (0)	Very attractive payment, but you'd have to add in any overage for the mileage that you might put on over the limit. If you don't drive much, that's a great deal! __________________ 2023 Cadillac CT5-V 2022 Mazda MX-5 (manual) 2022 Chevy Bolt (being a little environmental)
	Appreciate 0 Quote

04-02-2013, 12:31 PM	#19
peeti Second Lieutenant 15 Rep 232 Posts Drives: 2011 M3 e90 Join Date: Apr 2012 Location: Chicagoland iTrader: (1)	As everyone else stated, to get to that payment there has to be a huge downpayment/cap reduction the original leasee put in. Usually they want that paid back on a transfer, but if in your case it's purely a $0 down and take over the monthly. Grab it and run as fast as you can. It's a fantastic deal! On what you'll be spending and if the residual is inline with other leases and you buy it out later - you'll have a steal. Enjoy!
	Appreciate 0 Quote