*Lease Transfer* 325xi 2006

NMe90 · 07-17-2007, 11:35 AM

It's a 2006 Black on Black e90 325xi

options:
Sport Package
Sport shift knob
Sunroof
Tinted windows
Sherlocks security system
XM Radio (hardwired)

Pre paid servicing until 60 000km

car has 13 000KM with a max of 24 000km anually

Payments are $646 TAX IN with no deposits at all!

Have 28 months left over

http://www.imagehosting.com/show.php...G0041.JPG.html

Car is located in Laval, Quebec (Montreal)

please PM with questions!

328Toronto · 07-17-2007, 12:32 PM

why would someone take over your lease if you can have a brand new 328 w/ SP for the same price? the current lease rate is 4.9% and you're probably paying more than that b/c its a 2006 ... you will probably have to reduce your offer (and loose some $$) if you want to find someone ..

btw: try http://www.leasebusters.com

PS: the other problem i see is that you're in Quebec ... it's going to be A LOT of hassle from someone outside Quebec to take over your lease !!

avantix · 07-17-2007, 12:59 PM

You DO know that even though you transfer the lease you are still responsible for the car if the new owner defaults on the payments right?

Yvette · 07-17-2007, 01:48 PM

Quote:

Originally Posted by avantix

You DO know that even though you transfer the lease you are still responsible for the car if the new owner defaults on the payments right?

what.... serious??? isn't what the paper work for?

avantix · 07-17-2007, 01:52 PM

Quote:

Originally Posted by e90sexion

what.... serious??? isn't what the paper work for?

NOPE! I transferred my lease on my 2004 3 series to my brother and the dealer told me that I would ultimately be responsible if anything happened. I called BMW FS and they told me the SAME thing. You are ALWAYS responsible for your lease there is NO WAY around it unless the dealer buys the car from BMW FS then the guy buys the car from the dealer then it's in his name and he deals with his bank or BMW FS but straight up lease transfers GUARANTEED you are responsible. Same thing with Honda. When I found someone to transfer the lease the dealer bought the car from HONDA FS and then sold it to him otherwise I would have been responsible.

Bimmerista · 07-17-2007, 02:45 PM

You are wrong. On a lease transfer BMWCanada has the option to choose to allow the tranferor off the hook or not. Where the credit rating of the transferee is not as high as that of the transferor, obviously the transferor is not going to be allowed off the hook. We transfered a lease in the past an were let off (we were the transferors) bcs, as we were told, the transferee had the same credit rating as we did. It is however up to BMWCanada and you as a transferor have to push for it to obtain it, but the fact that you can never be off the hook is not true.

Bimmerista · 07-17-2007, 02:47 PM

Quote:

Originally Posted by 328Toronto

why would someone take over your lease if you can have a brand new 328 w/ SP for the same price? the current lease rate is 4.9% and you're probably paying more than that b/c its a 2006 ... you will probably have to reduce your offer (and loose some $$) if you want to find someone ..

btw: try http://www.leasebusters.com

PS: the other problem i see is that you're in Quebec ... it's going to be A LOT of hassle from someone outside Quebec to take over your lease !!

Correct on payments, but given that he is in Quebec it sure will be easy for someone from Quebec to take over the lease (he does not own the only BMW here)

NMe90 · 07-19-2007, 08:17 PM

Quote:

Originally Posted by avantix

You DO know that even though you transfer the lease you are still responsible for the car if the new owner defaults on the payments right?

Yes I do know!

Car is still up for transfer

NMe90 · 07-19-2007, 08:23 PM

Quote:

Originally Posted by 328Toronto

why would someone take over your lease if you can have a brand new 328 w/ SP for the same price? the current lease rate is 4.9% and you're probably paying more than that b/c its a 2006 ... you will probably have to reduce your offer (and loose some $$) if you want to find someone ..

btw: try http://www.leasebusters.com

PS: the other problem i see is that you're in Quebec ... it's going to be A LOT of hassle from someone outside Quebec to take over your lease !!

How can I lower my offer?? Doesn't make much sense to me on a leased car...
Thanks for the advice - reason why I put it for sale knowing that the 328 is more or less even is because; if someone only wants a lease for the next 2 years and 4 months instead of 39 months...

also, the difference b/w the 328 and 325 is not very significant.... 15hp

Thanks for the input tho!

UP

07-17-2007, 11:35 AM	#1
NMe90 Private 3 Rep 64 Posts Drives: 325xi Join Date: Feb 2007 Location: Canada iTrader: (0)	Lease Transfer 325xi 2006 It's a 2006 Black on Black e90 325xi options: Sport Package Sport shift knob Sunroof Tinted windows Sherlocks security system XM Radio (hardwired) Pre paid servicing until 60 000km car has 13 000KM with a max of 24 000km anually Payments are $646 TAX IN with no deposits at all! Have 28 months left over http://www.imagehosting.com/show.php...G0041.JPG.html Car is located in Laval, Quebec (Montreal) please PM with questions!
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07-17-2007, 12:32 PM	#2
328Toronto Private First Class 5 Rep 158 Posts Drives: 2007 E90 328i Join Date: Mar 2007 Location: Toronto (Canada) iTrader: (0)	why would someone take over your lease if you can have a brand new 328 w/ SP for the same price? the current lease rate is 4.9% and you're probably paying more than that b/c its a 2006 ... you will probably have to reduce your offer (and loose some $$) if you want to find someone .. btw: try http://www.leasebusters.com PS: the other problem i see is that you're in Quebec ... it's going to be A LOT of hassle from someone outside Quebec to take over your lease !! __________________ 2007 E90 328i \| Sparkling Graphite \| Black \| 6MT \|
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07-17-2007, 12:59 PM	#3
avantix Captain 344 Rep 941 Posts Drives: 2019 M4CS Lime Rock Grey Join Date: Aug 2006 Location: Montreal iTrader: (6)	Responsibilty You DO know that even though you transfer the lease you are still responsible for the car if the new owner defaults on the payments right? __________________ 2019 M4CS Lime Rock Grey, MP HAS, GC camber plates, MPE
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07-17-2007, 02:45 PM	#6
Bimmerista Major General 82 Rep 5,732 Posts Drives: superstock Join Date: Aug 2005 Location: Montreal, Quebec, Canada iTrader: (0)	You are wrong. On a lease transfer BMWCanada has the option to choose to allow the tranferor off the hook or not. Where the credit rating of the transferee is not as high as that of the transferor, obviously the transferor is not going to be allowed off the hook. We transfered a lease in the past an were let off (we were the transferors) bcs, as we were told, the transferee had the same credit rating as we did. It is however up to BMWCanada and you as a transferor have to push for it to obtain it, but the fact that you can never be off the hook is not true. __________________ __________________________ 2016 435 xdrive GC white on black leather interior, Msport1, Msport2, premium package 2015 Lincoln MKX, silver on brown leather, premium package - that's right! Techno-Groovy baby
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