$460//\\2016 X5 40e (Hybrid) Lease Takeover

[HZX540e]

BIMMERPOST / Classifieds

Asking Price:

Sold

Location:

✓ Will Ship

Item Interest

2016 X5 40e
475 Black Sapphire Metallic
LCSW Black Dakota Leather
6NS Smartphone Integration
ZCW Cold Weather Package
ZPP Premium Package
323 Soft Close Automatic Doors
3AG Rearview Camera
688 Harman Kardon Surround Sound
Last 7 VIN: 0F74833
(attached pdf detailed spec sheet)

Extras:
Minor cording (folding mirrors, 100% halos, blinking hard brake, 5 flash turn ...etc)
Tinted 3M 15% front windows

BMW Financial Services Lease Details:

MSRP = $70,820
Lease Start Date = 9/27/2016
Lease End Date = 9/27/2019
Term: 36 months
Current Miles = ~40800 (still being driven)
Total allowed miles = 47,965
Excess Charge Per Mile = $0.25
Charge Per Mile before lease expiration = $0.23
Monthly Payment = $529.58 (including VA taxes) about $460 if you apply the incentive of $750
Residual = $39,032.29 (unheard of for this 70k car)
Security Deposit = $3,500 (MUST get this back minus incentive)
Always been maintained at the local dealer at the recommended intervals

Before I sign the lease transfer papers I must receive the security deposit (MSD) of $3,500 minus $750 incentive, so basically I will be owed $2750, remember YOU will get back $3500 when you return the vehicle to BMW. The buyer needs to cover the BMW transfer fee, shipping and inspection fees if applicable. I am the first owner. The car comes with the 120/240 charger, manual and 2 keys.

If you already have a VA hybrid tag and you currently use the HOV lane you can transfer to this vehicle and drive in the HOV lane on 66 (outside the beltway and other highways around this area). This alone cuts my commute time in half. Check all the rules before making any decision solely based on this.

The car comes with maintenance plan which I believe that program ended in 2016, so oil changes, brake pads, and other normal items are covered by BMW. Also BMW connected service is active till 2021 I believe. I just discovered that the maintenance plan is no longer transferable to someone outside the household link below to verify. Basically all you have to do is charge/gas and drive. Most of my driving is on the highway, so I get around 30mpg, my daily commute is 50 miles round trip and I do not have a charging station at work. Those with shorts commutes and charging stations at destination can average close to 30mpg if not better.

For transparency, the car was rear ended about a year ago, the airbags were NOT deployed. The damage was contained to the rear bumper and exhaust tip which resulted in having both the bumper and the exhaust being replaced. There was not structural damage or paint and none of the panels was even scratched. Since it was practically brand new, USAA authorized using genuine BMW parts, and it was repaired at the local BMW dealer in Fairfax, VA. I have pictures of the damage before it was repaired.

Anyone who sees the car or rides in it always thinks I just picked it up from the dealer. It is always clean inside and out, no pets have ever been in the car and I do not smoke. The only beverage ever brought in the car is my sealed coffee mug.

As long as this ad is up the vehicle is available. I drive too many miles and I figured I would pass on this amazing unheard of deal to a forum member. Lastly, I live and work in the DC metro area, so obviously if you are local things are much easier, but as you know it is not hard to inspect and ship the car at your expense either. On the other hand, you can fly up here I will pick you up from Dulles Airport and you can have a wonderful road trip back home.

You can PM me if you want, I personally prefer SMS to my google voice number 202683731 two I do not answer this number it is only for texting.

https://www.bmwusa.com/explore/bmw-v...onditions.html

Swapalease link http://www.swapalease.com/lease/deta...?salid=1280800

[Roundown]

CarMax offered more than your buyout. Kudos. I'd take that.

[P1]

Originally Posted by Roundown

CarMax offered more than your buyout. Kudos. I'd take that.

Same. Why not just do that, whether you like them or not?

[HZX540e]

Originally Posted by P1et

Same. Why not just do that, whether you like them or not?

I thought I was serving the community by offering it here first. With the down payment I am asking for I am not losing any money and still adhering to my principles.

[P1]

Originally Posted by HZX540e

I thought I was serving the community by offering it here first. With the down payment I am asking for I am not losing any money and still adhering to my principles.

Fair enough. What are you getting instead?

[birdcatcher]

Someone who needs a weekend grocery getter may consider...
The truck has 27+K miles in slightly more than a year. The residual is ~20K miles in 2 years (till 9/2019) may be a bit less for many!
Besides, it's missing 2-4 cylinders :roll eyes:!

[HZX540e]

Originally Posted by P1et

Fair enough. What are you getting instead?

Thinking about a the 330e (hybrid) as I can still use the HOV hybrid exemption for few more years.

[HZX540e]

Originally Posted by MisterJudyMoncada

Yeah but you put a down payment down for a new car. How does it benefit anyone to put the same down payment down for a used version of that car? Based on how you priced it, someone is paying a new-car lease price for a used car with over 25,000 miles. Where is the community being served here?

Try going to the dealer with 2500 total downpayment and see what type of payments will that get you. Plus it may not be the car for you, I am sure someone will see this as a good deal for what they are trying to do. I stated in my ad that my commute is 50 miles per day, so that is 13000 miles per year just driving to work. I have been leasing cars for 15 years now, I am always able to trade them in before the end of the lease (sometimes back to the same company) for new lease, I only paid once for access miles (7 dollars which was the drive to the dealer). I think I can say I know what I am doing.

[HZX540e]

Originally Posted by birdcatcher

Someone who needs a weekend grocery getter may consider...
The truck has 27+K miles in slightly more than a year. The residual is ~20K miles in 2 years (till 9/2019) may be a bit less for many!
Besides, it's missing 2-4 cylinders :roll eyes:!

You are right, this car will meet someone's needs. There is not much I can do about the missing cylinders, I can tell you it came that way seriously though, unless the battery is near zero the car is really perky and is a lot of fun to drive.

[HZX540e]

Bump to see if there is any interest.

[HZX540e]

Bump to see if there's interest.

[HZX540e]

Bump

[HZX540e]

Still available, just picked it up from the 30k service.

[mpd79]

No dice on Swap-A-Lease?

I was thinking about trying to get out of mine if my Model3 ever comes in but not sure it's an option or that the Model3 will ever get to me =)

[HZX540e]

Originally Posted by mpd79

No dice on Swap-A-Lease?

I was thinking about trying to get out of mine if my Model3 ever comes in but not sure it's an option or that the Model3 will ever get to me =)

Haven't tried Swapalease, not sure I want to either I'm not in a hurry.

[P1]

Why on earth haven't you sold this to CarMax yet? You are wasting your time here...

[HZX540e]

Bump, I removed the down payment and updated the mileage. So all I am asking for is the 3500 MSD which is refundable at lease turn in.

[mpd79]

No luck with CarMax or Swap-a-Lease?

I've got a year left on my 40e too (but I'm not over on miles) and I've occasionally thought about trying to swap out but figured that the MSD's would make things more complicated.

[HZX540e]

It is on swapalease I just updated the listing today, I believe the MSD should make it more attractive as a very low payment.

[HZX540e]

$750 incentive applied and new payment reflects the incentive.

[HZX540e]

Monday Bump