Hi all,
The last time I leased was in 2019 with the help of this site. I’m in a position now where I was planning to lease again but not sure what I want, need to drive quite a bit this next year, and will have to relocate from NV to AZ next year.
I’ve never done a transfer and know that most people on swapalease are trying to get out of their bad deals but I think this may be a good option in my current situation.
I found a 2022 BMW X3 loaded with options in my area on swapalease and the seller is offering 3.6k incentive which would give me a monthly of ~$500. There are 13 months left on the lease and almost 16,000 miles remaining which is perfect. They bought all of the warranties and coverage including tire/rim, consumable, and key replacement.
Given this would be my first swap a couple of questions:
Are there any pitfalls or downsides to transfers that I should be aware of?
Is there any point in finding out the specifics of the original deal such as Residual Value in this scenario?
I appreciate any advice and insight.