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-   7 Series - F01 / F02 (2009 - current) (http://www.bimmerfest.com/forums/forumdisplay.php?f=143)
-   -   Take over Alpina Lease (http://www.bimmerfest.com/forums/showthread.php?t=665127)

LIRacer 12-20-2012 10:57 AM

Take over Alpina Lease
 
:cry:

Time to say good bye to my B7. It comes with Byern wheels and snows, plus the original Alpina wheels and tires. The lease payment is about $2450 and it goes another 20 months (around 8/14). I will pay $500 a month for the rest of the lease in a bulk payment at closing (so that would be $10K presently). The car is on Swap-A-Lease. The B7 has every option avaiilable except night vision. Feel freee to contact me at LIRacer908@aol.com

chrischeung 12-20-2012 11:13 AM

Wow - don't tell me you're getting a Ghost too! What are you going to do? You'll be missed.

LIRacer 12-20-2012 12:44 PM

Quote:

Originally Posted by chrischeung (Post 7262101)
Wow - don't tell me you're getting a Ghost too! What are you going to do? You'll be missed.

LOL....I wish. Employment conditions are changing.

nyranger74 12-20-2012 01:28 PM

Sorry to hear that. Your B7 is absolutely stunning!

TXSTYLE 12-20-2012 01:33 PM

$hit... That is a stout payment!

GLWS

~ Big Marcus

Db750 12-20-2012 01:48 PM

Quote:

Originally Posted by TXSTYLE (Post 7262363)
$hit... That is a stout payment!

GLWS

~ Big Marcus

+1:yikes::yikes:

The $500/month plus Beyern wheels and snows is a very generous offer.:thumbup:

chrischeung 12-20-2012 01:55 PM

Quote:

Originally Posted by TXSTYLE (Post 7262363)
$hit... That is a stout payment!

You get a lot for the money :).

TXSTYLE 12-20-2012 03:17 PM

Quote:

Originally Posted by chrischeung (Post 7262398)
You get a lot for the money :).

I'm quite familiar with the vehicle.

$2k+ / month on a car (even for a Bentley, etc) is a significant amount. #justsaying

BigMarcus ~ EVO 4G LTE

ChrisF01 12-20-2012 08:58 PM

Quote:

Originally Posted by chrischeung (Post 7262398)
You get a lot for the money :).

Wow that payment is steeper than I had thought it would have been. I could have leased almost 3 of my F02's for that payment!

Baller!!! :bigpimp:

Be careful of any lease trader, I talked to Jon Shafer over the phone about the best way to upgrade from what I've got. I mentioned those Lease trader sites, and he said that although you do shift the amount owed to the person, the lease is still on your credit. Im relatively younger and thats a concern for me, for someone more established it might not be an issue. Just a heads-up. So if someone defaults, BMWFS will go after the person who took the lease, but apparently it'll get reported on your credit. Crazy

Best of luck to you LIRacer, not trying to scare you or anything. Seems like those types of cases are rare, and you have less than 2 years left too.

AdamG13 12-20-2012 11:17 PM

Best of luck with swapping this beast

quarterto8 12-21-2012 05:00 AM

Quote:

Originally Posted by ChrisF02 (Post 7263019)
Wow that payment is steeper than I had thought it would have been. I could have leased almost 3 of my F02's for that payment!

Baller!!! :bigpimp:

I've been very curious about lease pricing. Can you really lease 3 F02 for the price of what liracer is paying for his alpina??

chrischeung 12-21-2012 09:58 AM

Quote:

Originally Posted by ChrisF02 (Post 7263019)
I mentioned those Lease trader sites, and he said that although you do shift the amount owed to the person, the lease is still on your credit.

That's not my understanding with BMWFS. The last transfer I did was earlier this year. All the onus moves to the assumptee. What ChrisF02 mentioned is correct for some other companies. Here is what swapalease lists for BMWFS - "Does Original Lessee Remain Liable? No" - http://www.swapalease.com/help/lease...spx?leaseco=55.

Nissan is a company where you remain liable - http://www.swapalease.com/help/lease...spx?leaseco=46

I think that is what ChrisF02 is referring to.

ChrisF01 12-21-2012 11:27 AM

Quote:

Originally Posted by quarterto8 (Post 7263273)
I've been very curious about lease pricing. Can you really lease 3 F02 for the price of what liracer is paying for his alpina??

Well my lease payment before taxes and additional mileage is 860.77, not sure if LIRacer is quoting his pre-tax payment. If so I could nearly get three 7ers, if not two comfortably. You can get a steep discount off a 2012 leftover. I got 12k off (85k to 73k - 2k down = so 71k) at the end of August, you could get more off now I'd assume. I'm guessing his sticker was somewhere like 150k?

Quote:

Originally Posted by chrischeung (Post 7263846)
That's not my understanding with BMWFS. The last transfer I did was earlier this year. All the onus moves to the assumptee. What ChrisF02 mentioned is correct for some other companies. Here is what swapalease lists for BMWFS - "Does Original Lessee Remain Liable? No" - http://www.swapalease.com/help/lease...spx?leaseco=55.

Nissan is a company where you remain liable - http://www.swapalease.com/help/lease...spx?leaseco=46

I think that is what ChrisF02 is referring to.

This was Jon's understanding, and it depends if they consider potentially affecting the first owners credit as being liable. I googled it and found this happened to several Audi owners. Not arguing with you - I've never done this, and I'm curious to see which is correct. I'm interested in trading up so I want to use something like SwapALease if it completely clear me from any financial responsibility.

chrischeung 12-21-2012 12:42 PM

Quote:

Originally Posted by ChrisF02 (Post 7264034)
I googled it and found this happened to several Audi owners.

You remain liable with Audi Financial Services - http://www.swapalease.com/help/lease...px?leaseco=112

AdamG13 12-21-2012 03:46 PM

LIRacer - may want to try posting this on the BMW forums over at Luxury4Play as well. There are some big spenders on that forum and I've seen people take over leases on Masseratis etc.


Re: lease liability assumption - bmw financial passes the full liability along to the new lessee. alot of other auto financiers don't. i can complain all day about bmw dealers and their crap service departments, but i have to admit that bmw financial is one of the easiest to deal with out of all the mfgr's in house financial departments. their loyalty rates are excellent and the ability to purchase more miles so easily is something i haven't experienced before.

ChrisF01 12-22-2012 01:30 AM

Chris/Adam - thanks for the info, I'm going to probably post the car this weekend. Include original wheels + tires (200 miles on em) see if I can get any takers. Car is perfect just want more:eek:

Sorry to derail you LIRacer... good luck bud!:thumbup:

LIRacer 12-23-2012 06:17 AM

Quote:

Originally Posted by AdamG13 (Post 7264513)
LIRacer - may want to try posting this on the BMW forums over at Luxury4Play as well. There are some big spenders on that forum and I've seen people take over leases on Masseratis etc.

Thanks, I am going to list it there too.

NickyBlack 12-23-2012 10:57 AM

Quote:

Originally Posted by AdamG13 (Post 7264513)
LIRacer - may want to try posting this on the BMW forums over at Luxury4Play as well. There are some big spenders on that forum and I've seen people take over leases on Masseratis etc.


Re: lease liability assumption - bmw financial passes the full liability along to the new lessee. alot of other auto financiers don't. i can complain all day about bmw dealers and their crap service departments, but i have to admit that bmw financial is one of the easiest to deal with out of all the mfgr's in house financial departments. their loyalty rates are excellent and the ability to purchase more miles so easily is something i haven't experienced before.

This is correct. Full responsibility passes to the "new" leasee. Other companies although i haven't had any personal experience i've heard otherwise where the original leasee does have some liability.

LIRacer 12-29-2012 08:14 PM

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LIRacer 01-21-2013 08:14 AM

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LIRacer 02-16-2013 04:30 AM

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Tuesday 02-16-2013 10:13 AM

L4P is drama - looks like you found that out first hand. I'm sure someone will bite soon though - good luck!

LIRacer 02-16-2013 11:36 AM

Quote:

Originally Posted by itschase (Post 7384992)
L4P is drama - looks like you found that out first hand. I'm sure someone will bite soon though - good luck!

Yeah, what a bunch of anus pores! They are very impressed with their importance in the world.

ChrisF01 02-16-2013 03:22 PM

Quote:

Originally Posted by LIRacer (Post 7385149)
Yeah, what a bunch of anus pores! They are very impressed with their importance in the world.

Good luck with transferring it! That's a lot of car with some serious road presence(in my opinion anyways).

Have you found what you'll be replacing it with?

LIRacer 02-16-2013 09:53 PM

Maybe a 2009 Aston Martin DBS


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