I need an extra car for 6 months. I was looking for cheaper options but ended up finding a decent deal on an XM. But I will need the car for only 6 months and it is too expensive to keep for the entire 24 months. My questions:
1- Can I “transfer” the lease for a value higher than what I am paying for month? I will just close this deal if I can kind of compensate the XM price for the 6 months I have the car.
2- Any idea on what would be an good value to easily transfer the car if it is possible to transfer for higher than what I will be paying?
First, Too expensive for months 7-24 would have me evaluate my financial choices in leasing the vehicle. Secondly, whether or not you can decrease your monthly cost if you ask for a DAS during transfer process depends on your current monthly cost and what the XM market looks like next spring/summer
It all depends on the deal you are getting and how competitive it is with the market at the time of transfer. You can ask for anything but if a person can use a broker to get a better or same deal on a newer car it wont move.
Msd traditionally stay with lease owner at the end, so not you. That’s why People discourage when signing a deal knowing you are going to transfer out that it may be better to not put down MSD as you are now asking the person to put down thousands more up front. Not that it isn’t possible, it is just more difficult to find a buyer, especially on LH. I have an upcoming transfer I’ll post where I could have put down 10k MSD to save $100/mo. But the math didn’t make sense in my head as to see if I can get someone to fork up 15k vs 5k, ya get me?
Have you seen the Private Transfers section lately? Yes. But like others have said, it’s needs be a great deal including your the DAS compared to what others can get on their own or through a broker or it won’t move.
