03-20-2014, 12:53 AM | #1 |
First Lieutenant
26
Rep 356
Posts |
Lease transfer question
I found a great deal on the lease transfer but have a few questions. The person who's selling their BMW have only 1 year lease left. Also, they are giving me an incentive of a good amount of money and paying for the transfer fee which is around $500. Lots of miles left on the lease as well. They also have the BMW Safe Lease on the vehicle.
1. Can I use incentive money to put down towards the lease left on the BMW to lower the 12 payments on the vehicle? 2. Anything else should I be asking the seller for? Not sure what other questions I might have at this point. This will be my first lease and any help from you all will be greatly appreciated. Thanks in advance. |
03-20-2014, 03:27 PM | #2 |
Second Lieutenant
16
Rep 281
Posts
Drives: like grandma
Join Date: Jul 2010
Location: New England
|
1. No. The lease payment is set in stone. It cannot be changed at this point. You can pocket the money and use it to defray your costs over time. But if the lease payment is $800, you can't lower it to $750 by prepaying (for example).
2. Mechanical condition? Any mods? Has the car been tracked at all? Any body work done? Accidents? Maintenance history? What are the specifics of the deal? Just keep in mind you will become responsible for anything he has done to the car in the past when it comes time to turn it in to BMWFS.
__________________
|
Appreciate
0
|
03-21-2014, 09:06 AM | #3 | |
First Lieutenant
26
Rep 356
Posts |
Quote:
|
|
Appreciate
0
|
03-21-2014, 09:19 AM | #4 |
Second Lieutenant
16
Rep 281
Posts
Drives: like grandma
Join Date: Jul 2010
Location: New England
|
Year, make and model? Options?
__________________
|
Appreciate
0
|
03-21-2014, 09:40 AM | #5 |
First Lieutenant
26
Rep 356
Posts |
|
Appreciate
0
|
03-21-2014, 11:45 AM | #6 |
Second Lieutenant
16
Rep 281
Posts
Drives: like grandma
Join Date: Jul 2010
Location: New England
|
I really have no idea what a good lease rate is on that car. BUT, it doesn't sound like a bad deal overall.
__________________
|
Appreciate
0
|
Post Reply |
Bookmarks |
Tags |
lease transfer bmw safe incentive |
|
|