OK so if I had it my mind that I wanted to get rid of the vehicle. What are my best options and if you could quantify exactly what I would need to do.
Thank You
There are only 5 ways to get rid of a leased vehicle:
(1) Ride out the lease until it ends
(2) Sell the car (in your case, likely at a loss) and eat the negative equity
(3) Transfer the lease to someone else and depending on how good/bad the deal is, ask for a down payment or offer an incentive (in your case, youâll need to offer an incentive)
(4) The car gets totaled, though you canât really control this one (not legally at least 
)
(5) The car is Lemoned (if itâs actually a problem car and you meet the criteria; though doesnât seem like your situation)
So if youâre trying to get rid of the car now, given what youâve told us so far, numbers (2) and (3) seem like your only options. Youâll just need to see which one hurts less - negative equity from selling vs. incentive amount offered to someone to take over the car.
1 Like
Got it. My payoff on the car is 57,800. Keep likes I could get somewhere near 52.5 as a trade in from a dealership based on KBB. This could be an option to roll into something different?
In theory that looks like a possibility but I highly doubt dealers are going to pay 52.5k for an i4 M50 right now. Tons of 2024s with similar mileage listed in that price range retail with similar mileage
It will be cheaper to offer an incentive on swapalease IMO.
Start at $1,000
1 Like
KBB values are not going to be indicative of what a BMW or AutoNation dealer (the only places you can sell a leased BMW) will pay for your i4 M50. A lease transfer with an incentive will likely cost you less.
1 Like
So this means just posting on swap a lease and when we say incentive of 1000 it is just essentially a payment to the buyer?
1 Like