How can I get into an RC and get out of my lease
#1
How can I get into an RC and get out of my lease
Had an USB IS 250C. Great because never saw any in that color on the road and they only made it one model year, 2010. Then I decided to sell it and lease a BMW 228i. I like my Bimmer (my first, so I'm not obsessive over it), BUT I sat in and test drove an RC 350 F-sport this weekend. Loved it more than I expected. Also miss my USB color that they brought back for this car. This is the first time I've leased and I plan on leasing the Lexus. I hear people all the time getting out of their lease, but I don't know what to believe.
So, am I stuck with my BMW for 2 more years, or is there a way to get into an RC? Probably not the best forum for this question, but would love to hear answers from other enthusiasts.
So, am I stuck with my BMW for 2 more years, or is there a way to get into an RC? Probably not the best forum for this question, but would love to hear answers from other enthusiasts.
#2
How long have you been in your lease with the beemer? Leasing contracts are pretty air tight so you can't just walk away and not expect to cost you a lot of money. Do you know what the current buyout price is of the BMW compared to the market value of the car. You can sell the car outright if you find a buyer for it. The lease then gets paid off and your free to lease again. Did you put much of a down payment on the BMW when you leased it? If you did then the buyout price will be closer to the residual price which makes it attractive to find a buyer and maybe stick some money in your pocket if you can find a buyer. The only other way I can think of is use a swap a lease website and sell the lease to another buyer. Not sure if BMW allows you to swap the lease, check with them.
Had an USB IS 250C. Great because never saw any in that color on the road and they only made it one model year, 2010. Then I decided to sell it and lease a BMW 228i. I like my Bimmer (my first, so I'm not obsessive over it), BUT I sat in and test drove an RC 350 F-sport this weekend. Loved it more than I expected. Also miss my USB color that they brought back for this car. This is the first time I've leased and I plan on leasing the Lexus. I hear people all the time getting out of their lease, but I don't know what to believe.
So, am I stuck with my BMW for 2 more years, or is there a way to get into an RC? Probably not the best forum for this question, but would love to hear answers from other enthusiasts.
So, am I stuck with my BMW for 2 more years, or is there a way to get into an RC? Probably not the best forum for this question, but would love to hear answers from other enthusiasts.
#3
toyotatom provides some good insight.
I've gotten out of 3 leases so far so I consider myself an expert at this. However, my leases have been exceptional deals making them attractive for buyers to take over. I've only used Craigslist believe it or not to advertise.
I've transferred a BMW and the transfer cost $500+tax, which the buyer paid, but you can pay it if your deal isn't attractive. Good luck
I've gotten out of 3 leases so far so I consider myself an expert at this. However, my leases have been exceptional deals making them attractive for buyers to take over. I've only used Craigslist believe it or not to advertise.
I've transferred a BMW and the transfer cost $500+tax, which the buyer paid, but you can pay it if your deal isn't attractive. Good luck
#4
Since I sell Lexus cars let me try.
Yes, people do get out of their leases all the time. All depends on how bad you want out.
Usually, there will be negative equity which can be compensated by putting money down and good credit rating. We can do a trade of either your remaining payments or the payoff of the car, which ever is lowest. Best scenario is the value of the car is close enough to the pay off to make it easy to get out with little out of pocket.
If you want to explore this further, send me a pm or text to 954-557-7965.
I need to know:
Car - year, make, model.
Overall pay off
Number of lease payments left and monthly amount.
Current miles
Amount you're willing to put down.
I can put a quote together for you.
Reggie
Yes, people do get out of their leases all the time. All depends on how bad you want out.
Usually, there will be negative equity which can be compensated by putting money down and good credit rating. We can do a trade of either your remaining payments or the payoff of the car, which ever is lowest. Best scenario is the value of the car is close enough to the pay off to make it easy to get out with little out of pocket.
If you want to explore this further, send me a pm or text to 954-557-7965.
I need to know:
Car - year, make, model.
Overall pay off
Number of lease payments left and monthly amount.
Current miles
Amount you're willing to put down.
I can put a quote together for you.
Reggie
#5
How long have you been in your lease with the beemer? Leasing contracts are pretty air tight so you can't just walk away and not expect to cost you a lot of money. Do you know what the current buyout price is of the BMW compared to the market value of the car. You can sell the car outright if you find a buyer for it. The lease then gets paid off and your free to lease again. Did you put much of a down payment on the BMW when you leased it? If you did then the buyout price will be closer to the residual price which makes it attractive to find a buyer and maybe stick some money in your pocket if you can find a buyer. The only other way I can think of is use a swap a lease website and sell the lease to another buyer. Not sure if BMW allows you to swap the lease, check with them.
#6
And I can concur with Reggie on every point:
- 9 months left on my 3 year 2013 GS 350 lease.
- car was close enough to payoff that it required only 'a little' out of pocket.
- great credit helps.
- 'how bad I wanted out' was less of an issue / returning for my 5th Lexus in 15 years helped clear any other hurdles.
... Your mileage may vary, but Lexus (in my experience) values their customers (returning and new).
- 9 months left on my 3 year 2013 GS 350 lease.
- car was close enough to payoff that it required only 'a little' out of pocket.
- great credit helps.
- 'how bad I wanted out' was less of an issue / returning for my 5th Lexus in 15 years helped clear any other hurdles.
... Your mileage may vary, but Lexus (in my experience) values their customers (returning and new).
#7
Since I sell Lexus cars let me try.
Yes, people do get out of their leases all the time. All depends on how bad you want out.
Usually, there will be negative equity which can be compensated by putting money down and good credit rating. We can do a trade of either your remaining payments or the payoff of the car, which ever is lowest. Best scenario is the value of the car is close enough to the pay off to make it easy to get out with little out of pocket.
If you want to explore this further, send me a pm or text to 954-557-7965.
I need to know:
Car - year, make, model.
Overall pay off
Number of lease payments left and monthly amount.
Current miles
Amount you're willing to put down.
I can put a quote together for you.
Reggie
Yes, people do get out of their leases all the time. All depends on how bad you want out.
Usually, there will be negative equity which can be compensated by putting money down and good credit rating. We can do a trade of either your remaining payments or the payoff of the car, which ever is lowest. Best scenario is the value of the car is close enough to the pay off to make it easy to get out with little out of pocket.
If you want to explore this further, send me a pm or text to 954-557-7965.
I need to know:
Car - year, make, model.
Overall pay off
Number of lease payments left and monthly amount.
Current miles
Amount you're willing to put down.
I can put a quote together for you.
Reggie
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#8
That was very helpful. Generally, cars depreciate the fastest in the first year. With that said, since I'm barely one year into my current lease, would it make more sense to wait another year or so? Or does that even make a difference? For any that have gotten out of a lease, were you still able to negotiate a good price on a new Lexus? I've seen some posts on here where people have gotten $6000 off of MSRP, and while that is probably not the norm, I would like to know when "trading" leases, that I can still negotiate the capitalized cost down.
Where do you live?
If you want out, you can get out. I have helped people who leased a car and a month later decided they should have gotten that other car. It can be done.
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