I have 10 months left on my 320i lease which equates to 4,000 in payments. My family has outgrown it and the wife wants to lease a third row 4Runner. How can I get into the 4Runner without getting screwed over and without putting money down? Typically how is this done? Are the remaining payments rolled into my new lease? Will my MSDs from the BMW be given back to me or applied to what I owe? We’re wanting to make this happen in the next week and want our payment to be under 450. The 4Runner I’m looking at through USAA car buying service is priced at 33k. Appreciate any insight on this…
Your MSDs would be returned to you after BMWFS closes out your account (buyout payment or receiving the car back with all payments made).
Havent seen many 4Runner lease deals on here. I’m assuming because it doesn’t lease well and most people buy/finance them. Rolling $4k into a 36 month lease equates to $111/month alone. It might be tough to get under $450/month all-in with that rollover amount. Good luck.
It generally hurts to get out of a lease early. You need to know your 10 day buyout. You get it from the finance company you leased it from. Also find out what your car is worth as a trade from edmunds and Kelly blue book. You basically need to sell your car to a dealer like BMW or Carmax. Another option is to have someone take over the lease through something like swapalease. The Traverse is going to be leasing well in the next few months as it is being replaced and chevy wants to move them. Also the Highlander (there can be only one) leases well.