I recently changed jobs and an need of a pickup. The work I do requires a truck, so looking to move from 2021 BMW X3 M40i into a Toyota Tundra lease with as little financial loss as possible.
Questions:
Is it best to buy out and sell or do a lease transfer? Last I saw, BMW did not allow this, so calling the bank (BMW Financial Services) tomorrow to confirm.
How is the Tundra currently leasing? I see a few posts from brokers and looks like some are going for ~$500 / mo.
Make sure to keep the transactions separate for best results; 1) Getting rid of the BMW while putting the most $$ back in your pocket, and 2) getting the best deal on the new truck, whatever that may be.
Unloading the BMW you have 3 main options:
Sell it to a BMW dealer (or a dealer group with BMW in their network)
Lease transfer to another individual
Buy out the lease yourself and sell it to whoever you want
Have you considered the amount of mileage you will need? Requiring a truck for work sounds like the kind of thing that could also require driving stuff around more than 75 miles a day, which would put you at needing 15k miles a year at bare minimum.