Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer

Ask-A-Dealer
Talk to our team of BMW Client Advisors. Get all of your buying/financing/leasing questions answered here!

Reply
 
Thread Tools Display Modes
  #1  
Old 02-27-2009, 11:56 AM
kingofthevalley kingofthevalley is offline
Registered User
Location: Woodland Hills, CA
 
Join Date: Feb 2009
Posts: 12
Mein Auto: 2007 G35 Sedan
Lease Trade, How likely?

Hey guys,

I wanted to see what you guys think of the current market and if its likely that trading your lease on one of those lease trade sites would be a good idea in the next year.
Reply With Quote
Advertisement
  #2  
Old 02-27-2009, 12:01 PM
sponge_worthy's Avatar
sponge_worthy sponge_worthy is offline
Officially Welcomed to the 'Fest
Location: Virginia
 
Join Date: May 2006
Posts: 2,354
Mein Auto: '06 330i6 & '11 X3 2.8i
Quote:
Originally Posted by kingofthevalley View Post
Hey guys,

I wanted to see what you guys think of the current market and if its likely that trading your lease on one of those lease trade sites would be a good idea in the next year.
My guess, if the current economic trends continue, as they are expected to, A LOT of people will be looking to get out of leases they can no longer afford - so these sites will be flooded. It'll be a buyer's (err, lease assumer's) market - and people trying to get out of leases will be dropping their pants. You're best off planning to keep your leased car.
__________________
If your opponent is of choleric temperament, seek to irritate him.. -Sun Tzu, The Art of War

It's not what you don't know that gets you into trouble. Its what you know for sure that ain't so. -Mark Twain

Last edited by sponge_worthy; 02-27-2009 at 12:08 PM.
Reply With Quote
  #3  
Old 02-27-2009, 12:07 PM
anE934fun anE934fun is offline
Officially Welcomed to the 'Fest
Location: S.F. Bay Area
 
Join Date: May 2008
Posts: 6,789
Mein Auto: 2010 335d
If you want to get out of a lease, you are going to have to price it to be attractive. If you think that you will be able to just list your car and have someone take it off your hands at the contract payment rate, forget it.
Reply With Quote
  #4  
Old 02-27-2009, 12:49 PM
chrischeung chrischeung is online now
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Sep 2002
Posts: 7,459
Mein Auto: 2012 ActiveHybrid 7 SWB
Well it comes down to your motivation.

If you're paycheck to paycheck, and you lost your job, I think its a good idea. Likewise if your circumstances changed where your commute went from 2 miles a day to 80 miles, and your lease mileage is limited.

Conversely, if you want to make money over flipping a lease, I'd say its not worth the effort and risk. Easier way to make a buck or two.
__________________
2012 ActiveHybrid 750i ED

3/12 ED 7 - thread ID 610350
1/11 ED 6 - thread ID 5767556&postcount=175
4/10 ED 5 - thread ID 453501
5/08 ED 4 - thread ID 290679
3/07 ED 3 - thread ID 201013
3/06 ED 2 - thread ID 136454
Reply With Quote
  #5  
Old 02-27-2009, 01:09 PM
Calif65GM's Avatar
Calif65GM Calif65GM is offline
Officially Welcomed to the 'Fest
Location: CA
 
Join Date: Mar 2005
Posts: 4,072
Mein Auto: E93-35 May08 ED
Quote:
Originally Posted by chrischeung View Post
Likewise if your circumstances changed where your commute went from 2 miles a day to 80 miles, and your lease mileage is limited.
Actually the converse happened to me. I now take the bus instead of a 60-mile RT commute.

Every time I think about it, I'm so glad that I'm on a 24-mth lease. I only have 13-pmts to go.
__________________
E93-35 ED 5/2/08 completed 16:20.
Montego/Jade Gray, Gray Poplar trim, Step w/Paddles, PP, SP, CA, Heated Seats & iPod. 24-mth lease with 19,250 mi/yr. Re-delivery 6/20/08 (1st day of summer); 7-wks total.
[/SIZE]

De-badged 330xi/Mystic Blue/Gray Leather/Alumin. trim/Auto/PP/SP/CA/Fold-down rear seat/alarm. ED date 11/14/05 and redelivery completed 1/14/06. Sold to Carmax 6/7/08 w/ 50,650 miles on the clock

Last edited by Calif65GM; 02-27-2009 at 01:10 PM. Reason: more info
Reply With Quote
  #6  
Old 02-27-2009, 02:02 PM
ohnoes ohnoes is offline
Registered User
Location: Fairfax, VA
 
Join Date: Feb 2009
Posts: 26
Mein Auto: E46 M3
Quote:
Originally Posted by Calif65GM View Post
Actually the converse happened to me. I now take the bus instead of a 60-mile RT commute.

Every time I think about it, I'm so glad that I'm on a 24-mth lease. I only have 13-pmts to go.
You want to get rid of the car/payments? What will you get after the lease ends?
Reply With Quote
  #7  
Old 02-27-2009, 02:10 PM
Calif65GM's Avatar
Calif65GM Calif65GM is offline
Officially Welcomed to the 'Fest
Location: CA
 
Join Date: Mar 2005
Posts: 4,072
Mein Auto: E93-35 May08 ED
Quote:
Originally Posted by ohnoes View Post
You want to get rid of the car/payments? What will you get after the lease ends?
LOL no I'm keeping it until the end of the lease.

Not sure, maybe a 328 CPO or back to an old boring Honda Accord or Acura?

No point in having a 35 to drive on the weekends only.
__________________
E93-35 ED 5/2/08 completed 16:20.
Montego/Jade Gray, Gray Poplar trim, Step w/Paddles, PP, SP, CA, Heated Seats & iPod. 24-mth lease with 19,250 mi/yr. Re-delivery 6/20/08 (1st day of summer); 7-wks total.
[/SIZE]

De-badged 330xi/Mystic Blue/Gray Leather/Alumin. trim/Auto/PP/SP/CA/Fold-down rear seat/alarm. ED date 11/14/05 and redelivery completed 1/14/06. Sold to Carmax 6/7/08 w/ 50,650 miles on the clock

Last edited by Calif65GM; 02-27-2009 at 02:10 PM. Reason: more info
Reply With Quote
Reply

Bookmarks

Tags
lease, trade, trade-in


Forum Navigation
Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 06:25 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms