2022 BMW X5M Competition Lease Transfer

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Year, Make, Model, and Trim:
2022 BMW X5M Competition
Location:
Nova (Northern Virginia)

MSRP: $120,745
Monthly payment: 1,964.34

Current mileage: 5,000
Maturity mileage: 36,000
Effective miles per month: 940
Maturity date: 02/09/2025

MSD due (if any):
Cash due (if any): $10,000
Incentive for new lessee (if any):

Financial institution: BMWFS
Transfer fee: $500
Out-of-state transfer allowed (yes/no): yes

Vehicle condition (accidents, tire wear, etc.), options, and other details: Vehicle in Showroom Condition.

Photos:


He’s adding 10k cash so more like 2% over sticker

Is the $1964 factoring in the $10k down payment?

Or $1964 plus $10k down?

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It said effective of 19xx so I assumed it included

@Bilal_Raja

Probably best for you to confirm

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Isn’t this VA, where the tax is on selling price and not depreciation?

$10,000 due at takeover

Yes. Tax for VA is based on sales price which is paid upfront.

Yes but people are asking you to verify that with the $10K at takeover if it makes your current effectively $19xx

Or, if it’s $19xx and you’re also asking for $10K at takeover

The payment plus $10,000

Oh that’s no bueno at 19xx payment + $10K due

That’s an effective of close to $2300

7 Likes

Thats $72,858.88 to rent a 121k car for 32 months. You could probably get it cheaper, new from a dealer. Virginia taxes probably screwed you but this is not going to do well here. Try SAL or something.

7 Likes

For anyone seriously interested. I’m willing to negotiate on the cash due at takeover. Just PM me.

Currently there isn’t much inventory and dealerships are wanting 7.5-10k over msrp.

I assume you’re paying $1900 a month until you transfer. And probably not driving much. That adds up quickly.

No they aren’t. I can get an X5M for significantly less then 7.5-10k over.

I don’t know why anyone would take over your lease when they can walk in and get a brand new one for less… do some research before you post.

23 Likes

People get greedy. Not sure who in the right mind would pay 2k+ Monthly for an X5M.

An msrp deal on a $120K X5M comp is about that right now w first only

Thank you all for the input!

Right, but OP wants 10k down.

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I’m under list on these and have allocation available…:eyes:

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This is bad, especially on a forum like this. Like someone said, residual should be like 35% with this deal. :joy: