lol. I bet they have all the money but just not the credit.
Some guy offered me 3x the das to keep it in my name and he rents from me. I said I would love to but na. I can’t get black listed by BMWFS lol
1 Like
Lmao … it was blue bubble. Shit he even was coming out to look at it and paid $1,000 non refundable deposit …
1 Like
That’s surprising, was he genuinely unaware? lol
Generally speaking, BMW won’t approve someone whose credit isn’t as good as the original lessee, because, obviously, why would they allow anyone to transfer liability to someone who isn’t as good as the person who first leased the car?
1 Like
I think on transfers it’s more strict credit checks.
‘cuz benjamins > default at BMWFS all day long
But but i want best price
Btw bmw changed stuff. The original leasee pays the 500 fee up front. And its all digital. My guy got approved in 2 hours and all transfers were docusigned hours later. Total time now takes like 1 to 2 days. Then they send him his stuff for dmv. Under a week total now.
2 Likes
Still awful for transfers even if unicorn.
GLWT, @Ruskin1182
1 Like
Ohhh didn’t realize that. So mine was 800 even at 740 they won’t get approved?
I guess not 
I would imagine they just want the same (or better) approval tier, but I truly don’t know the exact science behind it.
Gotcha! Thanks for the heads up maybe I should ask them first so I don’t keep wasting time
Also, is it common to get a “I’ll have to pay my state tax so you need to drop your ask to account for that?”
3 Likes
To which you reply “if you can’t afford it post-tax, you couldn’t afford it pre-tax”
7 Likes
What, I should pay for your gas too?
3 Likes
Tell them to go beg a dealer for one.
1 Like
I mean it worked for you
Yeah but I’m not a moron. Dealers know that as long as I get my number, there’s no BS with surveys or floor mats, or test drives or asking the wife or daddy or whatever lol
4 Likes
Just as a DP: in my experience BMWFS approved TU 745 to take over a lease that was signed at TU 770. Pretty similar scores, but I think it might be more about being in the same tier like Scott is saying, as opposed to having the same or higher score.
GLWT
+1 … on my m8 comp see me below. The guy who got approved told me he was 776. Anything 750+ honestly is probably fine if they have used a wide range of credit in life. .
1 Like
Yeah I know times changed since but I got approved on 2017 m6 gran coupe with a 735 credit but I’ve also had two 120k plus car loans at the time
1 Like
I got approved for X7 M60 tier 1 at 704 credit but my income is high vs debt. I just hate that capital one business cards report to personal which screws me over.