2017 X5 35d "3rd row" lease assumption

[hawkerdriver]

Due to some life changes we have to let go of our 2017 35d.

X5 35d x drive
2500 miles as of 06/08/2017

Alpine white
Black Dakota leather
Driving assistance
Driving assistance plus
M-Sport package
20" black light allow wheels OEM
Premium package
Soft close doors
3rd row seat plus rear suspension
Manual side window shades
Apple CarPlay
Harman Kardon

$75,270 MSRP

Windows have ceramic tint including windshield at 80 percent shade.

Black performance kidney grill.

Lease start 03/2017
Lease end 03/2020

36,000 miles allowed at end of the lease.
Current buy out $70,263 as of 06/08/2017

Residual $43,656.60

Monthly payment $996 plus your local tax

Non smoker, no damage , no pets

I'll pay one month as an incentive and include the black performance grill.

New owner pays for lease transfer fee to BMW NA.

Let me know if you interested.

Casper
310-903-8067

[Flying Ace]

deposit info? lease transfer fee info?

[hawkerdriver]

Originally Posted by Flying Ace

deposit info? lease transfer fee info?

Originally Posted by Flying Ace

deposit info? lease transfer fee info?

No deposit required to take over this lease.

Lease transfer fee is the fee BMW charges to put the new owners name on the lease.
Last time I did this the fee was about $580.

When the new owner contacts BMW , they will run a basic credit check and complete the necessary paperwork.
Total process is about 2-3 weeks

[Flying Ace]

so you did not put a deposit down for this lease?

[hawkerdriver]

Originally Posted by Flying Ace

so you did not put a deposit down for this lease?

I don't understand the relevance for this lease take over.

This is a straight up lease assumption.

I don't expect any money towards me from the new lease owner.

Just take over the monthly lease payments and the car is yours

[Flying Ace]

sorry, some leases, the original leasee had to put up a sizable refundable deposit, usually to buy down the interest rate. It's always been unclear when there's a lease takeover, what happens to that deposit. I believe the original deposit gets returned, but the new leasee may need to put up another deposit depending on the re-underwrite of credit.

But I've seen it where the deposit isn't returned until the lease ends, so the 2nd leasee actually gets the first leasee's deposit, so it's up to the first leasee to claw that money back when he does the transfer.

[hawkerdriver]

Originally Posted by Flying Ace

sorry, some leases, the original leasee had to put up a sizable refundable deposit, usually to buy down the interest rate. It's always been unclear when there's a lease takeover, what happens to that deposit. I believe the original deposit gets returned, but the new leasee may need to put up another deposit depending on the re-underwrite of credit.

But I've seen it where the deposit isn't returned until the lease ends, so the 2nd leasee actually gets the first leasee's deposit, so it's up to the first leasee to claw that money back when he does the transfer.

Totally understand. Yes some lease's have a MSD's. Multiple security deposits to buy down the interest rate " Money Factor" and this gets returned to the person holding the lease at the end of the term.

My car doesn't have this
The money that I had to pay to get into the lease is mine to loose.

Basically just take over the monthly payments and that's all you have to be responsible for.

Let me know if you need anything else

[hawkerdriver]

Bump.

[lowlevelhell]

30k miles in 3 years? That's a lease on a lawn ornament.

[hawkerdriver]

Originally Posted by lowlevelhell

30k miles in 3 years? That's a lease on a lawn ornament.

36,000 miles
You can always add more before the lease ends.
I'm open to any offers

[lowlevelhell]

Originally Posted by hawkerdriver

36,000 miles
You can always add more before the lease ends.
I'm open to any offers

Ah, misread. Still. That's not much. We have 50k in 23 months.

[drewdogg808]

Originally Posted by lowlevelhell

Ah, misread. Still. That's not much. We have 50k in 23 months.

36k miles in 3 years is very typical for a lease. 50k miles in 23 months is crazy high, doesn't make sense to lease if putting on that many miles a year.

[hawkerdriver]

Originally Posted by drewdogg808

36k miles in 3 years is very typical for a lease. 50k miles in 23 months is crazy high, doesn't make sense to lease if putting on that many miles a year.

Exactly this

[lowlevelhell]

Originally Posted by drewdogg808

36k miles in 3 years is very typical for a lease. 50k miles in 23 months is crazy high, doesn't make sense to lease if putting on that many miles a year.

Check the "how many miles" thread. Hardly atypical for an X5.

[hawkerdriver]

Originally Posted by lowlevelhell

Check the "how many miles" thread. Hardly atypical for an X5.

It's not about how many miles you can put on these cars, 36k lease is pretty much the norm.

Everybody's individual needs are different.
Plus, if you drive 50k in 2 years a lease is not for you.

[lowlevelhell]

Originally Posted by hawkerdriver

It's not about how many miles you can put on these cars, 36k lease is pretty much the norm.

Everybody's individual needs are different.
Plus, if you drive 50k in 2 years a lease is not for you.

So why do you want out of this car after 3 months?

[Kzang]

Originally Posted by lowlevelhell

Check the "how many miles" thread. Hardly atypical for an X5.

What a way to crap on the OP's lease transfer/assumption thread..

Those owners are probably not leasing their X5 and if they are then they made a horrible financial decision.

36K miles is the normal mileage for a 3 year lease which breaks down to 12K per year which is considered average driving distance. If you drive more than that, then a lease is probably not for you. If the current mileage seems too low for the potential buyer then they can always purchase additional miles at $0.20/mile.

Originally Posted by lowlevelhell

So why do you want out of this car after 3 months?

Read his first sentence on the very first post.....

[lowlevelhell]

Originally Posted by Kzang

What a way to crap on the OP's lease transfer/assumption thread..

LOL...from the guy who shits on everyone else's vehicle choices to make himself feel bigger.

If only we had a place for threads like these...

Those owners are probably not leasing their X5 and if they are then they made a horrible financial decision.

By definition, no owner is leasing an X5. That remark was in response to his quote of "50k miles in 23 months is crazy high." It's hardly a crazy amount for an X5 driver, as the mileage thread clearly indicates. Most of us actually drive our cars.

Read his first sentence on the very first post.....

As vague as possible, and should leave anyone wondering whether there's an issue with this vehicle.

[drewdogg808]

Originally Posted by lowlevelhell

LOL...from the guy who shits on everyone else's vehicle choices to make himself feel bigger.

If only we had a place for threads like these...



By definition, no owner is leasing an X5. That remark was in response to his quote of "50k miles in 23 months is crazy high." It's hardly a crazy amount for an X5 driver, as the mileage thread clearly indicates. Most of us actually drive our cars.



As vague as possible, and should leave anyone wondering whether there's an issue with this vehicle.

My quote was in response to your 30K miles being a lease on a lawn ornament. You keep mentioning the mileage thread, but I don't even have to read it since it's usually just a contest on who puts on the highest amount... National averages for any vehicle, not just X5 drivers are probably be around 15K or less per year. I drive 70 miles round trip to my office and don't care for my commute. I would hate driving well over 100 miles/day. People in the Northeast probably don't even hit 10K per year since everything is relatively close compared to driving around in Texas. So as much as you feel 50K miles is not a crazy amount for 23 months, 30K for 3 years is not a lawn ornament.

BTW, good luck OP with the lease assumption, sorry you can't keep it. Love our '15 3.5D.

[lowlevelhell]

Originally Posted by drewdogg808

My quote was in response to your 30K miles being a lease on a lawn ornament. You keep mentioning the mileage thread, but I don't even have to read it since it's usually just a contest on who puts on the highest amount... National averages for any vehicle, not just X5 drivers are probably be around 15K or less per year. I drive 70 miles round trip to my office and don't care for my commute. I would hate driving well over 100 miles/day. People in the Northeast probably don't even hit 10K per year since everything is relatively close compared to driving around in Texas. So as much as you feel 50K miles is not a crazy amount for 23 months, 30K for 3 years is not a lawn ornament.

BTW, good luck OP with the lease assumption, sorry you can't keep it. Love our '15 3.5D.

Well, the lease is 36k not 30k, and the national average would put a vehicle at almost 46k, so...yeah, a 30k lease would be a lawn ornament for anyone who doesn't live in metro NY or Boston.

Cheers.

[hawkerdriver]

Originally Posted by lowlevelhell

LOL...from the guy who shits on everyone else's vehicle choices to make himself feel bigger.

If only we had a place for threads like these...

By definition, no owner is leasing an X5. That remark was in response to his quote of "50k miles in 23 months is crazy high." It's hardly a crazy amount for an X5 driver, as the mileage thread clearly indicates. Most of us actually drive our cars.

As vague as possible, and should leave anyone wondering whether there's an issue with this vehicle.

Why would I need to explain my personal life to you as why I want to get out of this lease?

Why would I ask any questions as why someone would want to take over someone's lease?

How about we all just take care of ourselves?

Car is new, clean and I have nothing else to say.

Cheers

[hawkerdriver]

Bump. Offering $1500 incentive as I am in need to get rid of this car.