BMW M5 2020 Lease Transfer

[Mishka_MD]

Year, Make, Model, and Trim: 2020 BMW M5: Black on Black
Location: Erie PA

MSRP: 111,890
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
Transfer fee:500
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.

Photos:

[Petrem]

What’s the lease end buyout? Feels like this should have some equity?

[Mishka_MD]

Lease End buyout: 60K!

[HersheySweet]

Sent a message and phone num. Thanks

[cruiserchuck]

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.

[DG-X5]

@cruiserchuck

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.

[ah84]

I would think this has some solid equity - have you tried to sell to a BMW dealer? You could walk away with a check.

[Bilal_Raja]

I PM’d you.

[mel.enj]

Interested!

[Roshan_Patel1]

Still available? PM sent

[HersheySweet]

I sent one 5 minutes after his last comment. He hasn’t opened Lh since.

[eker]

My guess is he figured out there’s 20k equity with that buyout.

[HersheySweet]

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.

[hashone]

Getting 80k would be easy on this. So a clean 18k after new tires.

[jar_311]

Lemonade, you’ve been taken advantage of at that price

[Mishka_MD]

18.5 K I got…thanks everyone who thought offering 2 k was a great deal

[Mishka_MD]

You offered 2k bro… this is very far away from being “a lot of cash”

[GOAT]

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.