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      12-03-2012, 11:47 PM   #1
woderd
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How much to get out of lease?

Just curious how much does it cost to get out of a 2013 335xi lease? Also does it affect your credit score?
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      12-04-2012, 12:09 AM   #2
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Quote:
Originally Posted by woderd View Post
Just curious how much does it cost to get out of a 2013 335xi lease? Also does it affect your credit score?
I used the site swapalease.com a couple years ago to get out of my first 335 lease. It was a simple process. Fortunately BMW financial is one of the only companies that completely removes your name off of the lease when another party assumes it. Which means no credit damage is possible. If I remember it cost about $100 bucks to post the car for sale and the new owner pays for the lease transfer. The whole process is very easy and took about 2-3 weeks.

Hope this helps. Good luck!
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      12-04-2012, 12:12 AM   #3
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Quote:
Originally Posted by woderd View Post
Just curious how much does it cost to get out of a 2013 335xi lease? Also does it affect your credit score?
unhappy with car or personal reasons? Have you tried calling BMWFS to discuss with them?
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      12-04-2012, 05:32 AM   #4
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I skipped some packages for a cheaper monthly payment but my financial situation should be getting better within 6 months to 1 year.
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      12-04-2012, 09:51 AM   #5
Michael Schott
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Unless BMWFS is willing to work with you (doubtful) Swapalease or something similar is you best bet. Read your lease agreement. BMW does not give you much flexibility.
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      12-04-2012, 11:24 AM   #6
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2014 BMW 335 Xi  [5.00]
Quote:
Originally Posted by steveL77 View Post
I used the site swapalease.com a couple years ago to get out of my first 335 lease. It was a simple process. Fortunately BMW financial is one of the only companies that completely removes your name off of the lease when another party assumes it. Which means no credit damage is possible. If I remember it cost about $100 bucks to post the car for sale and the new owner pays for the lease transfer. The whole process is very easy and took about 2-3 weeks.

Hope this helps. Good luck!
+1 best way to get out of the lease. lease transfer is $500 that new owner usually absorbs
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      12-04-2012, 11:48 AM   #7
Orient330iNYC
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Quote:
Originally Posted by woderd View Post
Just curious how much does it cost to get out of a 2013 335xi lease? Also does it affect your credit score?
if you dont transfer the lease, it will be the difference between the buyout price at the time and the current market value of the car. in the first year of the lease this might be anywhere from 5-10K.

it wont affect your credit score unless you do something silly like stop paying the lease.
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      12-04-2012, 11:57 AM   #8
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another reason to try to get best deal, if you ever need to upload the car it will be the deciding factor.... but ya, do a lease swap, if worst comes to worst and nobody will take it over, offer like $500 cash to them
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      12-04-2012, 12:54 PM   #9
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Quote:
Originally Posted by woderd
Just curious how much does it cost to get out of a 2013 335xi lease? Also does it affect your credit score?
Go to the dealer and discuss the option if getting you into a different car lease. I returned my 2009 E92 leased at 49000 mls 1.5 yrs through a 3 yr lease and they got me into a 2011 E90 select program. My monthly payment increased a notch but it worked out and I didn't have to go through extending warranty and maintenance.
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      12-04-2012, 04:36 PM   #10
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You can get lucky sometimes with your trade in value. I am getting my first BMW at the end of this week. I have a 2012 Hyundai Sonata Hybrid that I began leasing in May of 2012. The buyout, which includes all fees, is $22,500. My BMW dealer is giving me $22,500 as a trade-in credit and they will be sending a check in that amount to Hyundai to buy the car directly. So, I am getting a brand new car for no money out of pocket (just MSDs and title and tags).

I have done this same scenario for other cars in the past 2 years. This is my 4th leased car in 2 years and I have never put any money down and always get the dealer to completely pay off my current lease. I am doing the MSDs this time because I will keep this car for the 3 year term.
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      12-04-2012, 04:48 PM   #11
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i actually asked my broker this question who asked BMW directly.
There is no fee regarding getting out of a lease for me. Maybe this clause was added to mine? Not sure but i made sure of this before i leased my car.
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      12-04-2012, 08:13 PM   #12
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maybe you can lease a different BMW. Either way, they remain happy
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