06-15-2016, 10:03 PM | #1 |
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Deploying soon. Early Lease termination possible?
Greetings everyone,
So I did do a forum search but nothing much came up but an older thread, regarding this topic. Anyhow Active Duty U.S Air Force here and I recently volunteered and got picked up for a 365 deployment (one year deployment) to Afghanistan (rare for us Air Force folks). With that being said, is it possible to turn my BMW in early with military orders? The lease ends in June 2018 and I've had the car for almost a year. I will most likely be stationed overseas again after this deployment and yes I'm going to try and get Germany, since I get advanced assignment consideration for doing a 365 deployment. I really hope I can give the car back, as that will be a hefty amount of money back in my pocket a month. If not, I'm guessing I'll have to fly back to the states and turn the car back into BMW after the lease ends
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06-15-2016, 10:20 PM | #2 |
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Best advice to answer your question is not going to be answered on this forum. Go to your dealer with your orders in hand, and see if they will honor an early termination.
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06-15-2016, 10:28 PM | #3 |
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One option is to see what you can get for the car if you sold it. Get a payoff quote through your myBMW account and see if you can sell it for that amount or close to it. If all else fails, you could still end up owing less than the balance of the lease.
The residuals are set artificially high so that could be a long shot unless you hardly drive the car. Calling BMW FS might be more helpful than going to your dealer. You should try both though. |
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06-15-2016, 10:56 PM | #4 |
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look in to the scra
http://www.militaryonesource.mil/pfm?content_id=269402 |
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06-16-2016, 10:02 AM | #5 | ||
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Quote:
Quote:
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06-16-2016, 10:20 AM | #6 | |||
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06-16-2016, 10:51 AM | #7 |
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MachinesWithSouls4835.50 |
06-16-2016, 11:11 AM | #8 | |
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Also, whom ever (at dealer) accepts your vehicle, be sure to document the following with signatures from you and dealer representative. - Date and time they accepted responsibility for your vehicle (took keys) - Condition (front to back including tires/wheels and interior, 1 to 10 scale) - ODO, EXACT mileage as it sits when you handed them the keys Also, if you're in a state in which you retain your License Plate(s)...take them off your vehicle and keep them or personally turn back into DMV Stay safe .
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06-16-2016, 08:56 PM | #11 |
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Thank you for your service.
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Lance_Goodthrust4.50 Pauleebe379.50 |
06-16-2016, 09:47 PM | #13 | |
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Seems to be a couple of either retired or active duty Air Force folks on here. That's good to know
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06-16-2016, 10:43 PM | #14 | ||
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I get out in a few weeks. just shy of 13 years in. |
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06-16-2016, 11:19 PM | #15 | |||
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Best of luck to you once you crossover to the the outside civilian life.
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06-17-2016, 03:25 PM | #17 | |
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There customer service was very familiar with military, deployments, and the SCRA. In fact, I was advised they have there own SCRA advisor department that's there to assist you with getting the car turned in early for deployments and what not. Just wanted to pass this information along, so other military folks that may deploy can see this. Again thanks everyone for the help, I really appreciate it!
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06-18-2016, 07:08 AM | #19 | |
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http://www.military.com/daily-news/2...re-reform.html I recommend spreading the word and the petition below: https://petitions.whitehouse.gov/pet...ervice-members |
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06-18-2016, 09:22 AM | #20 | ||
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06-20-2016, 09:15 AM | #21 | ||
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06-20-2016, 01:07 PM | #22 |
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They should absolutely help someone who is serving our country. Good luck
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