To each their own. If you do manage to end up with an M5 at age 19, RIP to your (or your parents) insurance rates…
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Not enough yellow. French at most. 
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Yeah, not really a Brit by birth also.
This right here. Lenders need to trust you with their assets, which is why I have seen guys making hundreds and hundreds of thousands a year get denied because they have no auto history. You don’t have to take baby steps, but take a loan out on a cheaper car (not a piece of crap, just not M5 money), keep it for at least a year, and then repeat with a more expensive car.
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Sorry to hear you’re getting so many snarky, sarcastic, and unhelpful comments. I think there is a guy here named Karl Utz who can probably get this done. Best of luck!
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Lol at Karl Utz…
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Blockquote I had this experience with a new leader in my office this past week. They asked me for a change in my behavior and I said I’d try my best to comply and they said “there is no try, only do!” I understand, it’s a mentality thing.
‘Whether you think you can, or you think you can’t, you’re probably right.’
– Stewie Griffin, managing Brian Griffin
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I appreciate your tenacity farmerboy but a stranger has to be real dumb to what your asking. It 's weird because in a previous post you asked “how risky is it paying the owner of the lease upfront and using the car?” That’s exactly what your asking to do and your going to offset that risk with 1k? What happens if you go over the allocated miles, dent the rims, or scratch up the paint? I have to chase you down and hope you do the right thing, no one that doesn’t know you will do this, just to much risk.
If you really want the car call up BMW Financial and tell them you will pay the whole lease up front. Don’t accept the rejection the computer system kicked out, You need to direct the “I won’t accept no” attitude at the correct avenues. Escalate it to a supervisor, manager or higher. If that fails, see if you can dig up a cosigner. If that fails, try to talk the owner of the lease and negotiate with 2-3 upfront payments versus the whole 9 months while using the car…
It’s already been denied. Calling and asking bmw pretty please isn’t going to make a difference here. A cosigner might. Paying the current owner to take over the lease while keeping it in their name, especially after bmw denied the transfer, is not legal.
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Lack of comprehension on your part if you thought I was asking him to reach out to BMW with a “pretty please”. My wife was a loan manager and she got loans approved all the time that the system initially rejected. It’s doable, but as stated Cosigner is probable his best avenue. As far as paying the current owner to take over the lease being illegal, probably so but, c’mon, really…
Your wife worked for BMW Financial and was able to turn system denials to approvals for people doing lease turn transfers?
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But BMWFS, which ran his credit before rejecting the app, should take this risk… ?
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Shady advice? I gave him 3 options, 1st one was not to be a sheep and accept whatever is handed to you. Stinger is missing that point. 2nd one, all seem okay with. 3rd, if two consenting adults are in agreeance with the transaction more power to them. As stated, I wouldn’t do it. BMW by all means will be protected at the end of the lease.
Yeah. that one. Except its bank + 2 consenting adults, menaje de trua if you will. And I’m sure if you read the fine print of any lease agreement, bank does not consent.
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Max, you make a valid point. The point I was trying to make if you introduce the human element into the process the decision may change. If someone at BMW financial was told that the current lessee would be unable to make the remaining payments but a potential takeover with someone that had no negative history but had a lowers score but was willing to make all the payments up front that might be worth a shot. Will it work, probably not…
I remember my first auto purchase 20 years ago when my wife told the salesman that need to get the rate down on our loan if they want our business. I told her that it doesn’t work that way, well little did I know, much did I learn.
In this scenario bmwfs would repo the car from the person who leased it, not transfer the lease. It’s not about the payments, it’s about the collateral. They have seen OPs credit bureau and said no. A 19yo with no prior auto is NOT taking over the lease on an M car by themselves, human analyst or not (which fwiw who do you think processes the lease transfer application? A human analyst at bmwfs).
At best this is a violation of the lease agreement, at worst it’s fraud. You can’t convey or transfer your own lease to a third party without bmw: it’s their car.
If OP wants this car, they need to write a check or finance it.
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Teddy is giving crap advice to an online anonymous individual who, for all intents and purposes has no intention of returning here and they’re missing that point.
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I would also expect that bmwfs to look at this a lot more as fraud when they find out that the person that has possession of their asset is the same person that applied, was denied, and then took steps to work around the denial.
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