2017 BMW 340i Lease Transfer - $489 per month - Northern VA

Private Transfers
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I am looking to transfer the lease on my nicely equipped 2017 BMW 340i to a new loving owner. With a $56,000+ MSRP and monthly payment of $489 it is well below the coveted 1% rule. This is a great fit for someone looking for a great deal on a more powerful 340i with a monthly payment below that of a typical 330i lease.

Exterior Color: Mineral White Metallic
Interior Color: Black w/ Red Stitching

Notable Options & Equipment:

  • Driving Assistance Package
  • Lighting Package
  • Sport Package
  • Navigation System
  • Harmon Kardon Surround Sound
  • Wireless Charging
  • See Window Sticker for more Details

Lease Terms:

  • Monthly Lease Payment: $489.85 (the vehicle is currently registered and located in Fairfax, VA so no monthly sales tax is incl.)
  • Lease Maturity: 9/26/2020
  • Total Mileage Allowed: 30,611
  • Current Mileage: 11,500
  • Remaining Mileage: 19K for 24 months
  • Lease End Charges:
  • Excess Mileage Charge: 25c/mile
  • Dispostion Fee: $350
  • Residual Value: $34,181 if you want to purchase the car at lease end.

Transfer Terms:

  1. I am looking to recover a prorated portion ($2000) of my upfront payment ($3000)
  2. BMW Charges a $500 lease transfer fee! (You would be paying that)
  3. Please make sure that you are qualified to assume the lease based on BMWFS terms.
    In order to take over the lease you will first have to be qualified by BMWFS.
    BMW Assumptions Credit Application

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2

It’s a beauty. Love the white, myself.

But, at the risk of sounding pedantic, it doesn’t meet the 1% rule once you factor in $500 transfer and the $2k down.

Reasoning:

$2,000 (down payment) + $500 (transfer fee) = $2,500

$2,500 / 24 (remaining months) = $104

$104 + $490 (monthly payment sans tax) = $594

$594 > 1% * $56,080

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Thank you and noted! I missed those in the calculation. I would be willing to reduce the down payment to achieve an effective monthly payment of 1%.

I am open to all offers.

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4

Looks like down payment of $1,175 plus the $500 transfer fee will do it.

A solid, solid deal for some lucky East Coaster.

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5

I know a guy from NoVa here who got a 340i loaner with about 3k miles for $390/mo (not sure with or without VA tax) :slight_smile:
So, not sure how good this deal really is when all said and done…

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6

It may not be a scorching hot barn burner, but it’s dcent (maybe better than decent), low effort, and short-term—things that I think are valuable.

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Also agree. Decent low pressure easy deal.

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Not sure how the tax will work for out of state residents. Looks like VA tax is paid upfront, so probably no more tax from a VA resident. Do out of state residents get credit since VA charges on full price?

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I am not sure about registering it in a new state, but I did indeed pay the state tax upfront on the entire vehicle price when I leased it in Virginia. So if it stays in Virginia, there should be no new sales tax on the lease transfer.

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10

Also looks like the car is running over allotted mileage

11

this would make the most sense for a VA resident, pretty decent no-headache deal

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12

I am willing to reduce the down payment I am looking to get to $500 plus the $500 BMW Transfer fee.

13

You need to start looking at other swap websites.
I dont think this is a price most people here are going to bite on.

Alternatively if you can throw a $1000 incentive, you might get some interested folks.
Also <1000mi/month.

Good Luck!

14

$390 included va upfront tax rolled in, so about $340 before tax.

1 Like