Status : Transfer Completed (i will update this line when it changes)
Year, Make, Model, and Trim: 2019 BMW i3 REX
Location: Bay Area
MSRP: $51645
Monthly payment (pre-tax): $137.42
Effective monthly payment (if incentive is provided):
Current mileage: 92xx
Maturity mileage: 23096
Effective miles per month: ~ 1250
Maturity date: Sep 15, 2021
MSD due (if any): 1050
Cash due (if any):
Incentive for new lessee (if any):
Financial institution: BMW FS
Transfer fee: ~ $500
BMWFS charges buyers a credit application fee of $500 ($400 refundable if credit is denied or the transfer falls through). According the BMW FS lease transfers are currently taking longer (4 to 5 weeks) rather than the usual (2 weeks).
This is an overview doc of the BMW FS lease transfer process
Out-of-state transfer allowed (yes/no): yes
Vehicle condition (accidents, tire wear, etc.), options, and other details: No accident, excellent condition, non smoker and pet free
Scheduled Maintenance: Covered for the duration of the lease.
HOV Sticker: Orange decals expiring Jan 1, 2024
Potential additional rebate: $800 Clean Fuel Rebate PG&E
I didn’t claim the $800 PG&E rebate so the next person taking it over can potentially claim it (if they are PG&E customer).
In summary the potential buyer pays:
$500 application fee to BMWFS
$1050 to me at the time of the lease transfer.
$137.42+tx per month for 11 months to BMWFS
The potential buyer receives:
$1050 security deposit from BMWFS at the end of the lease (see details above)
$800 PG&E Rebate (see details above)
And the Car
Photos: