Current mileage: 3,521
Maturity mileage: 37,251
Effective miles per month: 1054
Maturity date: 7/16/2023
MSD due (if any): $0
Cash due (if any): $ 0
Incentive for new lessee (if any): $0
Financial institution: BMWFS
Transfer fee: $500 - To be paid by assuming party ie. you.
Out-of-state transfer allowed (yes/no): Yes.
Vehicle condition (accidents, tire wear, etc.), options, and other details: Excellent Condition. Only mods include addition of OEM BMW Front All Weather Mats & 20% window tint all around.
Hi LH Community - Up for Transfer is my newly acquired M340i. Vehicle is in excellent shape and more pictures upon request. Itās currently raining like crazy here so uploading what I have with the relevant details.
Reason for Transfer - I am relocating across country and I am now working from home. I have another vehicle so doesnāt make sense hanging onto this one, much less transporting it across the country. Please Read - I am relocating by Week 1 of December so the transfer will need to be completed by then. I will be much less motivated to transfer this if I have to ship it across the country and register it in a new state as I actually really really enjoy the car. Thus, if youāre looking to move forward please be understanding of this aggressive timeline. This is not my first process and I am very familiar with how it will go. Iāve already called BMWFS to confirm they do have the title and the November 16th payment has already been made. Notables - Premium Package (Heads up Display, Heated Wheel, Heated Seats), Harmon Kardon Stereo, Alpine White on Black Leather, 792M Wheels, DAS Package.
If youāre ready to move and know you can qualify, PM me for next steps. Cheers!
You might want to check with BMW FS if the title is in-house or held electronically. If itās in-house, you might be able to finish by first week of December if you start a transfer today/tomorrow. GLWT!
Great call. Didnāt realize BMWFS was that far out. Iāll review. The last transfer took 8 days from when it was initiated. Iāll search for the thread and decide what Iām gonna do from there.
Given the lead times of BMWFSā¦ Iāll leave this up through the weekend to see if anyone local to Charlotte is interested as I can leave the keys and vehicle with a family friend while paperwork is processing as long as no transportation coordinating needs to be done - if no one local is interested come Monday - Mods I will reach out to close.
Hello Gao,
Wanted to make sure I understood your lease transfer offer. $522.05 per month with no other ācostsā besides the ātransfer feeā? Do you have an idea of what the transfer fee would be? I live in Tennessee. Also, do you know how taxes would work (ie, how are the taxes I owe determined since you already paid taxes and I would be assuming lease from you)? If we can make this happen, I would just pick up car from you in Charlotte. I look forward to your response. Shamael shamael@sbcglobal.net
In TN, add your sales tax rate to $522.05 to determine monthly payment. For example, if your sales tax is 9%, your monthly payment would be $569 roughly. The transfer fee is $500 as listed in his post.
Lots of variables there. Assuming everyone does their paperwork quickly and accurately, it would be very close. As mentioned, you could pick it up from his friend should he pick you for transfer.
After speaking with BMWFS and other considerations, it appears the transfer timeline will not align. I will reconsider post relocation. Iāll reach out directly to all who PMād me.
