# First Time Purchasing a Car and Selling Current Lease **URL:** \ **Category:** Ask the Hackrs\ **Tags:** suv, bmw, ca\ **Created:** [December 24, 2022, 3:19am UTC](https://forum.leasehackr.com/t/first-time-purchasing-a-car-and-selling-current-lease/443089 "2022-12-24T03:19:28Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![Serenopro](https://leasehackr.b-cdn.net/letter_avatar/serenopro/32/5_5575768a8748004e209b776fc1b2916d.png) [@Serenopro](https://forum.leasehackr.com/u/Serenopro)\ **Post date:** [December 24, 2022, 3:19am UTC](https://forum.leasehackr.com/t/first-time-purchasing-a-car-and-selling-current-lease/443089/1 "2022-12-24T03:19:28Z")
Hi fellow Hackrs, I have two general questions here. 1. My first time purchasing a new vehicle at a dealership, and would like some guidance. I’ve managed to secure VW ID.4 at MSRP and will likely get into purchase/ pick up early next week. Are there anything I should look out for/ be cautious with respect to getting into any agreements or purchasing any optional insurances? Not sure typical purchase contract is a boiler plate type, but would be good to know any terms I should review in details. Also, the sales manager from the dealership already sent me an email that I should get extra insurance especially given it’s an EV, but feel like it wouldn’t be necessary. Btw, I have a pre-approval from a local CU and will likely use that for financing. 2. I have a x2 lease with BMWFS expiring early Jan next year and wonder if I can sell the lease and if there’s any equity. What would be the best way to shop around? I have contacted a couple of local BMW dealership and seems like there’s only a few hundred dollars. Thanks! ---
**Author:** ![forbs](https://leasehackr.b-cdn.net/letter_avatar/forbs/32/5_5575768a8748004e209b776fc1b2916d.png) [@forbs](https://forum.leasehackr.com/u/forbs)\ **Post date:** [December 24, 2022, 5:14am UTC](https://forum.leasehackr.com/t/first-time-purchasing-a-car-and-selling-current-lease/443089/2 "2022-12-24T05:14:36Z")
1. Probably look into Gap Insurance, that’s the extra he’s probably talking about. 2. Only BMW Dealerships or Big Autogroups (Like autonation) that have a BMW dealership nearby. And Wow you still have equity! Most people don’t anymore. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [December 24, 2022, 4:05pm UTC](https://forum.leasehackr.com/t/first-time-purchasing-a-car-and-selling-current-lease/443089/3 "2022-12-24T16:05:06Z")
> [@Serenopro](#): > > Also, the sales manager from the dealership already sent me an email that I should get extra insurance Skip. 99% guaranteed it’s massively overpriced. For your X2, plug your VIN into these links > [@List of places to sell or value your car online](https://forum.leasehackr.com/t/list-of-places-to-sell-or-value-your-car-online/396451): > > For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo… If nothing else, several hundred dollars in your pocket and you save disposition. ---
**Author:** ![system](https://leasehackr-assets.b-cdn.net/original/3X/f/7/f76e5433b417879e07ad6f0cee47e239c8f1cdd4.png) [@system](https://forum.leasehackr.com/u/system)\ **Post date:** [February 22, 2023, 4:05pm UTC](https://forum.leasehackr.com/t/first-time-purchasing-a-car-and-selling-current-lease/443089/4 "2023-02-22T16:05:26Z")
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