Bmw early return

Ask the Hackrs Buy/Finance
,
1

I have a 2019 330i xDrive, 28k miles. The lease is due April 2023, and 6700 miles left.
In a month or two, I won’t need it any more and am trying to see what’s my best option.

Based on my quick reading, available options are:
(a) early termination through bmw financial.
(b) lease buyout at dealer.
(c) lease buyout through equityhackr.
(d) pay off, then sell.

I get the sense that (a) or (b) is less ideal in terms of money.
I’m not familiar with (c) and feel a bit nervous about legality.
I probably don’t want (d) b/c too much hassle.

Could someone offer any advice?
Thanks in advance.

2

C is essentially B

3

Get offers from multiple BMW dealers as well as any conglomerate that owns BMW dealerships (therefore can process the payoff to BMWFS), such as:

Autonation
Carshop
Etc etc
+
Brokers in the LH marketplace whose BMW dealer partners can buy leased BMWs.

4

Option A is going to involve you writing a fairly sizeable check to BMW.

Assuming you have even a little bit of equity, option B is going to involve a BMW dealer writing a check to you.

Option A should be your last resort. As max mentioned get offers from multiple dealers and sell to the highest bidder.

5

If payment is good, lease transfer can be an option.

1 Like
6

Only 6200 miles left … so basically 600 a month . It’s not a lot.

7

isn’t B and C [Sell Lease To]? Not Lease Buyout, that’s D

8

New transferee might not drive a lot or OP can also offer incentive to prepay for more miles if needed to get out of this.

9

There is also lease transfer, as mentioned, and that should be your first option to explore and/or cash in on your equity.