Updated down payment to $6k negotiable.
If you are interested please make sure your credit is good and you had leases before. (I already had 2 people rejected by BMWFS)
That’s why I use LeaseTrader now- they screen buyers by running their credit before they can get in contact with you. swapalese lets anyone contact you
I seriously doubt they’re paying for a full credit report. The cost would be prohibitive.
More than likely they’re using a screening product that’s more like, “Hey, Experian, I’ll give you 50 cents if you can tell me if this guy’s [insert name of risk model] score is above X,” and they’ll get back a yes or a no.
Unfortunately that has been the pattern with high-MSRP bmw vehicles. Not only does credit have to be as good as, it may need to be better than that of the current lessee. Also, the one looking to assume the lease will need to have prior leases with the same commitments (e.g., history of payments and duration of similar or higher amounts). What you’re describing unfortunately sounds similar to folks trying to move 7-series or other high line vehicles.
So when I finally found someone with good credit to transfer the lease to BMW FS canceled the transfer.
It seems there is an open recall for XM but the service has no parts yet. And they have no clue when they receive them.
Not sure if this affects all XMs or only mine…