[Flying Lap]

BIMMERPOST / Classifieds

Asking Price:

None

Item Interest

Looking to sell my Alpine white on black 2010 BMW 335I. Car is located in Los Angeles, CA

Car has never been chipped, and is very clean. I purchased the car new from Center BMW in Sherman Oaks. Passenger rear quarter panel has been painted and the rear bumper was replaced from a hit and run in a parking lot. Car was painted at an authorized BMW repair facility. Wheels have curb rash from our amazing freeways and pot holes but besides that the car is immaculate. No dents, dings, or scratches.

Turbos were replaced as well as the fuel pump by BMW, under warranty around the 25,000 mile mark. Car has always been serviced at Center BMW in Sherman Oaks. All records are available.

City MPG 17, Highway MPG 26

Car has a 4 year/50,000 mile warranty

33,358 miles (as of 12/17/2011, car is driven daily so millage will change)

VIN # WBAWB7C51AP159099

Registration was payed in November of 2011

Tires have less then 5000 miles on them Hankook Ventus V12 evo K110

Original sticker price of $50,525

Features and options

Tinted Windows

6 Speed Manual Transmission

HID Headlights

Moonroof

Automatic Climate Control

Dynamic Cruise Control

Stronger Electricity Supply

M Spot Package w/ Park Distance Control in the Rear $3250

M Sport Package $1000
19" Wheels
Glacier Silver Aluminum Trim
Sport Seats
M Steering Wheel
Aerodynamic Kit
Shadowline Exterior Trim
Anthracite Headliner

Ipod and USB Adapter $400

Navigation System $2100

BMW Assist W/Bluetooth System $750

$37,500

Feel free to contact me via email at blevin22@gmail.com

Brian

[EkkS]

Are you leasing it now?

[Flying Lap]

Originally Posted by EkkS

Are you leasing it now?

It is a lease but I am not interested in doing a swap a lease deal.

[BreakPoint]

How do you plan on selling a leased vehicle then?

[Flying Lap]

Mileage update as of 1/9/12

34,024


Car will be sitting over the next week or two. If anyone would like to come take a look send me an email at blevin22@gmail.com, pm or call me at 661-904-9715. She is ready for her new home!

Happy New Year

Brian

[Flying Lap]

Originally Posted by BreakPoint

How do you plan on selling a leased vehicle then?

Easy, payoff the vehicle

[RX7guy]

Originally Posted by Flying Lap

Easy, payoff the vehicle

WHUT?

[Flying Lap]

Originally Posted by RX7guy

WHUT?

You can buy/purchase a leased vehicle at any point through out any lease. All one has to do is get a pay off quote from their bank which is also the residual amount that is owed to the bank. It is very simple and I'm surprised you others are not aware of this.

[illirep]

Originally Posted by Flying Lap

You can buy/purchase a leased vehicle at any point through out any lease. All one has to do is get a pay off quote from their bank which is also the residual amount that is owed to the bank. It is very simple and I'm surprised you others are not aware of this.

You may not be aware that you have to pay sales tax on the residual to buy it out. At least that is how it works in NJ. Even if I plan on selling it 1 second later, I have to pay sales tax on residual - really big pain in the #!@.

[Flying Lap]

Originally Posted by illirep

You may not be aware that you have to pay sales tax on the residual to buy it out. At least that is how it works in NJ. Even if I plan on selling it 1 second later, I have to pay sales tax on residual - really big pain in the #!@.

I will not have to pay sales tax on the vehicle, the person purchasing the vehicle from me will. I will not purchase the vehicle from BMW NA then "resell" it to another individual. Once someone wants to purchase the vehicle they will pay off the note from BMW NA and pay tax on the purchase price. Very simple

[doug_999]

Originally Posted by Flying Lap

I will not have to pay sales tax on the vehicle, the person purchasing the vehicle from me will. I will not purchase the vehicle from BMW NA then "resell" it to another individual. Once someone wants to purchase the vehicle they will pay off the note from BMW NA and pay tax on the purchase price. Very simple

Have you checked that with BMWFS? Here in IL, it doesn't work that way. Maybe (and quite possibly) different in Calif.

[illirep]

I don't think it works that way in any state. BMWFS can not sell a car to anyone other than the current lessee. The question on the sales tax is how much you pay in the lease.

In NJ, you only pay sales tax on the lease payments, which is why the residual is taxed at the buy-out option. In other states, you are charged sales tax on full purchase price of car, which then permits the buy-out option to be excercised without incurring sales tax.

[doug_999]

Originally Posted by illirep

I don't think it works that way in any state. BMWFS can not sell a car to anyone other than the current lessee. The question on the sales tax is how much you pay in the lease.

In NJ, you only pay sales tax on the lease payments, which is why the residual is taxed at the buy-out option. In other states, you are charged sales tax on full purchase price of car, which then permits the buy-out option to be excercised without incurring sales tax.

Actually it is worse in other states (like IL and TX and several others). Here in IL
1. You pay tax on the full purchase price of the vehicle (well BMWFS does and of course they charge you). To IL, BMWFS is purchasing the car (which they are) and they want their tax.
2. To buy it out at the end of the lease OR ANYTIME DURING THE LEASE, you pay tax on the purchase/buy out price. Because now I am taking ownership of the car, IL treats it as a separate sale. So to lease a car here in IL for less than 3 years is crazy and to purchase it at the end is almost as bad.

[Flying Lap]

I will be speaking with BMW Financial on Monday, Ill have all this cleared up.

[lpphreakx06]

Clean car!!

[Flying Lap]

Title will come in my name then I will sign over the title to the individual purchasing the car. That individual purchasing the car pays taxes on the car, not me.

[Flying Lap]

Originally Posted by lpphreakx06

Clean car!!

THANKS!

[Flying Lap]

Have had some very good offers, hoping the car goes to a good home!

[mike63]

Very nice

[Flying Lap]

Car is still available, had multiple offers fall through due to lack of financing.

Price has been dropped, please contact me for buy now price!

[bmbarclay]

willing to part with the 225s? i have oem 193s that you could replace them with?

[Flying Lap]

Ill think about the tires, lets see if I sell the car or not.