[hz101]

Hi guys. I'm trying to find someone to take over the lease of my 2017 230i (see classified section).

I wanted to get some thoughts on the best way to do this based on your experience. Will I have better luck on Swapalease.com, etc than the classified section here? The current buyout is too high, so selling or trading it is out of the question. Just wanted to see what people thought was the best way to have someone take over a lease.

[Joe240]

Post it wherever you can: classifieds here, swapalease, Craigslist, etc. more avenues gives better visibility. Worst case scenario, total it and take the insurance hit (kidding)

[hz101]

Originally Posted by Joe240

Post it wherever you can: classifieds here, swapalease, Craigslist, etc. more avenues gives better visibility. Worst case scenario, total it and take the insurance hit (kidding)

haha. I just didn't know lease trading websites charged so much money. I wonder if it is worth posting there at all.

[dradernh]

Before I bought my car, I was considering all possibilities, including taking over a lease.

What I could never figure out was why people wanting out of their leases weren't offering more in the way of incentives. Sure, some lessees were offering incentives, and on rare occasions substantial ones, but typically they just wanted someone to step in and take over their problem. I didn't get it, and maybe that's down to my not getting something about leasing and/or taking over a lease.

[hz101]

Originally Posted by dradernh

Before I bought my car, I was considering all possibilities, including taking over a lease.

What I could never figure out was why people wanting out of their leases weren't offering more in the way of incentives. Sure, some lessees were offering incentives, and on rare occasions substantial ones, but typically they just wanted someone to step in and take over their problem. I didn't get it, and maybe that's down to my not getting something about leasing and/or taking over a lease.

Can't speak for everyone but in my case I think the payment is pretty good as compared to the market. I negotiated a great deal on this car. I also put down some money (aside from taxes) that helped lower the payment. My car also has a dinan stage 1 tune (covered by warranty) that makes the car more fun while retaining the peace of mind. I don't believe I need to offer any more incentives at this point.

[Poochie]

Originally Posted by dradernh

Before I bought my car, I was considering all possibilities, including taking over a lease.

What I could never figure out was why people wanting out of their leases weren't offering more in the way of incentives. Sure, some lessees were offering incentives, and on rare occasions substantial ones, but typically they just wanted someone to step in and take over their problem. I didn't get it, and maybe that's down to my not getting something about leasing and/or taking over a lease.

Funny, I've notice the same thing; some lessors wanted you to give them back their downpayment or cash back for some cookie-cutter BMW leases, when you're the one who's suppose to be convinced, since you're transferring their burden on to yourself.

If I personally wanted to off load a leased vehicle, I would offer to take up the new lessor first two payments or throw in something like new wheels or car mats for good measure.

The same method works with eBay, I offer incentives on my used stuff and they sell much quicker. People just love getting free ish.. It's human nature, use it.

[hz101]

Originally Posted by Poochie

Funny, I've notice the same thing; some lessors wanted you to give them back their downpayment or cash back for some cookie-cutter BMW leases, when you're the one who's suppose to be convinced, since you're transferring their burden on to yourself.

If I personally wanted to off load a leased vehicle, I would offer to take up the new lessor first two payments or throw in something like new wheels or car mats for good measure.

The same method works with eBay, I offer incentives on my used stuff and they sell much quicker. People just love getting free ish.. It's human nature, use it.

Each lease is different. The supply/demand of your car comes into play. If a higher down payment is made to lower the payment, that's an incentive itself. I've seen M3 leases with payments of $600. If a lease like that was offered for takeover, would you expect to be offered an incentive as well?

[Poochie]

Originally Posted by hz101

Each lease is different. The supply/demand of your car comes into play. If a higher down payment is made to lower the payment, that's an incentive itself. I've seen M3 leases with payments of $600. If a lease like that was offered for takeover, would you expect to be offered an incentive as well?

Each situation and vehicle is unique, so it depends on the vehicle and circumstances for one to determine if it's works reasonable in their favor.

Yes, an M3 for $600 a month does sound nice, if it checks out and doesn't have anything wrong with it that might burn you in the end.

All I was saying is the concept of a lease takeover sounds appealing but in practice, the deals are not all that great IMO for the responsible you're inherit.

[hz101]

There are all kinds of lease deals out there. Some are better than the others. You just have to see what works best for you. But you can't expect an incentive to be offered every time a lease is offered for takeover.