Location: Seattle, WA (King County) MSRP: $71,240 Monthly payment (pre-tax): $581.10 Monthly payment (incl. Seattle tax/RTA): $645.31 Cash Due to Seller: $3,300 (Refundable $4,550 MSDs minus incentive) Incentive to Buyer: $1,250 (Applied as a discount on MSDs) BMW Transfer Fee: $500 (Paid by Buyer)
Current mileage: 15,716 Maturity mileage: 30,000 Remaining miles: 14,284 Effective miles per month: ~765-795 Maturity date: 02/15/2028
Why I’m selling: My Rivian R2 reservation is finally coming up. No issues at all.
Cash Due to Seller: $3,300 SECURITY DEPOSIT NOTE: This amount represents Multiple Security Deposits (MSDs). This is NOT a down payment or a fee. You pay me the $3,300 (MSDs minus $1250 incentive) to take over the lease, and BMW Financial Services will refund $4,550 to YOU via check at the end of the lease.
Financial institution: BMW Financial Services Transfer fee: $500 (Paid by Buyer) Out-of-state transfer allowed: No
Vehicle Specs & Features:
M Sport Package: Adaptive M Suspension, M Aerodynamic kit, M Steering Wheel.
Driving Assistance Professional Package: (Includes Active Driving Assistant Pro & Traffic Jam Assistant).
Thank you for the feedback, Jon. This is my first lease transfer and I will take all the feedback I can get. I updated the post to hopefully avoid confusion.
To clarify: the buyer would reimburse me the $4,550 in MSDs at transfer, and BMW FS should refund those MSDs directly to the buyer at lease end. So they are refundable deposits / cash required at transfer, not a down payment or incentive.
It has Perforated SensaTec with heated seats, but no ventilated seats. From memory that option is only available on leather seats and I didn’t want that.
BMW FS most definitely allows OOS. This might be OP’s personal preference or just a misunderstanding given OP’s admitted lack of experience.
And to qualify @Jon 's comment above re MSDs: The deposits do not further incentivize the payment unless reduced by the transferor. For example, lease transferred halfway through the 36-month term would benefit the transferor and the transferee equally as they both would get the same rate of return over 18 months periods on their deposits while being separated from their money for the same 18 months. In case of x4, it normally translates to about 12-13% annualized guaranteed tax-free return which is very significant so it’s incorrect to say that MSD’s do not reduce the payments without a qualifier. Obviously, offering a reduction in MSDs at transfer results in higher savings rate for the transferee.
Finally, while your price was not great some months ago, the market has gone south and it looks more attractive nowadays where you might be able to pull it off on Swapalease with minimal to no incentive.
