Year, Make, Model, and Trim: 2020 BMW M5: Black on Black
Location: Erie PA
Monthly payment (pre-tax):1,441.15
Effective monthly payment (if incentive is provided): 0
Current mileage: 25000
Maturity mileage: 36000
Maturity date: 10/5/22
MSD due (if any):0
Cash due (if any): 0
Incentive for new lessee (if any): 0
Financial institution: BMW
Out-of-state transfer allowed (yes/no):
Vehicle condition (accidents, tire wear, etc.), options, and other details:
No additions to car besides tinting. Good condition.
What’s the lease end buyout? Feels like this should have some equity?
Sent a message and phone num. Thanks
There is only 6 months and 20 days left before lease maturity. Can the lease still be transferred? I do not know if the transfer has to be completed or just started more than 6 months before lease end.
BMWFS T&C require there to be at least 180 days left in the maturity of the agreement in order to do a transfer. That said, they’re averaging 4-6 business days for the entire process outside of the doc mailing timelines right now; i.e. this does seem viable.
I would think this has some solid equity - have you tried to sell to a BMW dealer? You could walk away with a check.
I sent one 5 minutes after his last comment. He hasn’t opened Lh since.
My guess is he figured out there’s 20k equity with that buyout.
Quite a bit less than 20, especially since the fact that the tires would be close to replacing prior to turning in. Offered him quite a bit of cash.
Getting 80k would be easy on this. So a clean 18k after new tires.
Lemonade, you’ve been taken advantage of at that price
18.5 K I got…thanks everyone who thought offering 2 k was a great deal
You offered 2k bro… this is very far away from being “a lot of cash”
congrats on the equity but don’t hate on others for not having done your research you came here offering a transfer so people were willing to proceed. thanks to others you found out that you can take advantage of the equity so good on you.
Looks like the car is sold. OP - let mods know if you need to re-open