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      06-07-2018, 08:26 AM   #1
ajrettke
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Lease Buyout Question

I know BMW won't let you transfer a lease 6 months before turn in. However, can a 3rd Party "buyout" the vehicle inside the 6 month window?

Also, does the dealer give a "perk" if the vehicles turned in vs sold at the last minute (incentives' the person to turn the vehicle into BMW vs a 3rd party?)

Any input would be greatly appreciated!
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      06-07-2018, 03:25 PM   #2
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Originally Posted by ajrettke View Post
I know BMW won't let you transfer a lease 6 months before turn in. However, can a 3rd Party "buyout" the vehicle inside the 6 month window?

Also, does the dealer give a "perk" if the vehicles turned in vs sold at the last minute (incentives' the person to turn the vehicle into BMW vs a 3rd party?)

Any input would be greatly appreciated!
No.

They make that as hard as possible. Cars that have that much of an imbalance they would prefer going back to the Dealer’s Inventory.

Depending on your relationship with Dealership, you might be able to have Dealer purchase and do paperwork for a set amount where they would pay you back the remainder (or use it towards new car), but most would not do that.
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      06-11-2018, 06:19 AM   #3
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Really? So at 5 months before the end of the lease you can't go to your bank and have them finance it but at 8 months you can? Weird. Oddly enough this could be relevant for me, too, if certain negotiations at work don't play out the way I want them to. Can anyone confirm this?
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      06-11-2018, 12:40 PM   #4
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Originally Posted by bri1042 View Post
Really? So at 5 months before the end of the lease you can't go to your bank and have them finance it but at 8 months you can? Weird. Oddly enough this could be relevant for me, too, if certain negotiations at work don't play out the way I want them to. Can anyone confirm this?
Sure you could up to end of lease.

BMWFS is not selling to your bank. They are selling to you and your Bank is Lien Holder.

No different than if BMWFS sold instead of leased to you.
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      06-14-2018, 03:07 PM   #5
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Hmm so it does seem if you work something out with a person who's ending their lease you could offer to buy it out from them...give them a check for the buyout amount, they buy it out and give you the title...

The reason I ask is I would love to buy a vehicle outright around the lease residual...with say 2-3 months left, pay the leaser the buyout plus 1k or so....good deal for both people, they get a small chunk of change for their next lease and I'd get the vehicle at a decent price too....
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      06-14-2018, 03:51 PM   #6
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Quote:
Originally Posted by ajrettke View Post
Hmm so it does seem if you work something out with a person who's ending their lease you could offer to buy it out from them...give them a check for the buyout amount, they buy it out and give you the title...

The reason I ask is I would love to buy a vehicle outright around the lease residual...with say 2-3 months left, pay the leaser the buyout plus 1k or so....good deal for both people, they get a small chunk of change for their next lease and I'd get the vehicle at a decent price too....
You would need to pay tax a second time when Title was transferred to you.
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      06-16-2018, 12:17 PM   #7
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Damn, didnít think of that....wonder if dealer would let the 3rd party buy it out?
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      06-16-2018, 04:41 PM   #8
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If by third party, you mean that I would buy out your lease, yes BMW does allow regardless of length remaining on lease. At the root of it, the dealership is essentially buying out the contract and then transferring it to the person who is buying out the lease. At least this is how it is in Canada and may differ in the U.S.

Last edited by TheBingoBalls; 06-16-2018 at 04:47 PM.
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