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Old 02-11-2020, 08:22 PM
IlCacciatore IlCacciatore is offline
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Pre lease takeover inspection 2017 M240i

I'm in the last phase of a 9 mos lease take over on a 2017 M240i with 9,000 miles and pretty much fully optioned. The msrp was just over $50k. The original lessee looks to be an early 40s local business person. There was a child seat in the coupe's backseat and he said his wife drove the kid to child care and then to a commuter lot. There is a bit of curb rash on the wheels and a couple of door dings. The tire light was on. I took it on a 15 min test drive and everything checked out fine. Seemed like a mildly neglected 9,000 mile car. He wanted out 9 mos early b/c he leased a new X5 and the coupe wasn't working with his child. The local dealer did an oil change in January 2019, there are no other service records and the warranty expires in 9/22. Local dealer says not to waste the $130 on an inspection and just do a visual inspection myself. So Should I go this route and if so what should my untrained eyes look for. Thanks for input.
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Old 02-12-2020, 02:36 AM
CTSoxFan CTSoxFan is offline
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My opinion. Its 9 months and the car is covered by warranty. I wouldn't worry about the mechanical aspect or waste $130 on an inspection. As far as the visual, look for items that may cause you wear and tear charges upon turn-in as you'll be on the hook for those. Specifically door dings, mismatched or worn tires, etc. You can go on the BMW website for a guide.
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Old 02-12-2020, 06:01 AM
jjrandorin jjrandorin is offline
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OP what is your purpose on doing a lease takeover of a vehicle so close to end of term? That reason would sort of determine whether you want to spend extra on inspections and not (although I would get the inspection if I were you, I also would never do a lease takeover with less than a year left on the end of the lease, unless there were some sort of extenuating circumstances).
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Old 02-12-2020, 06:53 AM
IlCacciatore IlCacciatore is offline
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Originally Posted by jjrandorin View Post
OP what is your purpose on doing a lease takeover of a vehicle so close to end of term? That reason would sort of determine whether you want to spend extra on inspections and not (although I would get the inspection if I were you, I also would never do a lease takeover with less than a year left on the end of the lease, unless there were some sort of extenuating circumstances).
I am turning in a leased Ford Escape and havenít made up my mind about a new car. Iíve had 2 SUVs over the past 5 years and this looked like a chance to drive a fun, fast sport car for the summer and fall while I take my time looking for a replacement. I did not mention in original post that the balance of the lease allows for 2700 miles a month so I can drive the heck out of it. Also, lease takeover terms seemed favorable to me.
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Old 02-12-2020, 08:24 AM
ard ard is offline
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As mentioned above, you should read up on BMW lease end return inspections. I think there are some YouTube videos on what they will look for as well, linked through BMWs website.

Dings, major rash, underbody cladding damage, etc.

Enjoy!
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Old 02-12-2020, 08:27 AM
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alex2364 alex2364 is offline
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Also you need to pay for tires if it has less than 4/32" tread.
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Old 02-12-2020, 09:05 AM
1968BMW2800 1968BMW2800 is offline
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This car should have had the free scheduled maintenance done at a BMW dealer, even with low miles usually the car indicates a need for service at about every 12 months. Key fob can be read by any BMW dealer and that will tell you all you need to know.

Get an estimate on curb rash and ding correction cost and factor that into your lease take over negotiation. Also, at least take a look at the undercarriage just to make sure there's no scrapes as this can be costly at lease end.

If required scheduled maintenance hasn't been done, walk away from this deal.
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Old 02-12-2020, 07:20 PM
jjrandorin jjrandorin is offline
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OP just as a reference rims can be 400 each to fix at least turn in, for example. Even if the car was driven by someone with a child, children can do "chargable damage" to leased car interiors very easily. Since you are not talking about buying the car out, and its a short stop gap, you NEED to know what you will pay on lease turn in for that car.

A " couple of door dings " and "curb rash" could be $1200 in lease turn in fees, not counting the TIRES on those wheels. You really need to google BMW lease turn in and see some turn in videos to see what things to look for here. There is the real potential your "good deal" on monthly payment could get eaten up in turn in fees, and there few things more frustrating in a car transaction than paying money to fix a car you are about to give back (such as paying 800 for curb rash on 2 rims, and paying 300 each for tires that are not 4/32s tread depth, and paying for door dings that are larger than a certain size and charagble....
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Old 02-12-2020, 07:43 PM
IlCacciatore IlCacciatore is offline
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Originally Posted by jjrandorin View Post
OP just as a reference rims can be 400 each to fix at least turn in, for example. Even if the car was driven by someone with a child, children can do "chargable damage" to leased car interiors very easily. Since you are not talking about buying the car out, and its a short stop gap, you NEED to know what you will pay on lease turn in for that car.

A " couple of door dings " and "curb rash" could be $1200 in lease turn in fees, not counting the TIRES on those wheels. You really need to google BMW lease turn in and see some turn in videos to see what things to look for here. There is the real potential your "good deal" on monthly payment could get eaten up in turn in fees, and there few things more frustrating in a car transaction than paying money to fix a car you are about to give back (such as paying 800 for curb rash on 2 rims, and paying 300 each for tires that are not 4/32s tread depth, and paying for door dings that are larger than a certain size and charagble....
Great advice. I would like to be able to have a BMW lease turn in specialist inspect the car. Any way to accomplish this? I'm going to the YouTube videos now.
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Old 02-12-2020, 08:00 PM
jjrandorin jjrandorin is offline
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Originally Posted by IlCacciatore View Post
Great advice. I would like to be able to have a BMW lease turn in specialist inspect the car. Any way to accomplish this? I'm going to the YouTube videos now.

Maybe that pre purchase inspection, but at a BMW dealership with a note that you also want information about lease end chargable damage they find? Havent done it, but that might work.. but of course you would have to pay and the person would need to be willing to let you have it done.

At a minimum you could work some or all of any lease end charges into the deal you make with the original leasee.
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  #11  
Old 02-13-2020, 05:04 PM
IlCacciatore IlCacciatore is offline
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Here are some photos of the M240i

A couple of views of the car and damage. The pics are accurate.
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Old 02-13-2020, 06:21 PM
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quackbury quackbury is offline
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Originally Posted by 1968BMW2800 View Post
This car should have had the free scheduled maintenance done at a BMW dealer, even with low miles usually the car indicates a need for service at about every 12 months.
OP, this is the biggest concern. The BMW New Car Warranty is 4 years, 50,000 miles. If the warranty ends in 9/22 (as you state), the vehicle was placed in service 48 months prior, in 9/18. Why was a 2017 vehicle first placed in service in September, 2018? Makes no sense. I suspect the car was actually placed in service in September 2017, not September, 2018.

The BMW warranty REQUIRES an oil change every 12 months. If the MY2017 vehicle was placed in service in September, 2017, the first oil change was required in September, 2018, and the SECOND oil change was required in September, 2019. Your post indicates there has only been ONE oil change.

What do you think will happen if the motor blows up? Do you think BMW will say, "Gee, Il Cacciatore seems like a nice enough fellow. We will replace the grenaded motor for free, even though the warranty is technically voided by the original lessee's nonchalance about required maintenance"? If so, I've got a bridge I will sell you.

The curb rash is the ultimate red herring. An invalid warranty is an economic catastrophe. Unless the current lessee can provide service records, proving that all scheduled maintenance was performed on time, stay far away from this car. There are plenty of lightly used BMW's out there which have VALID warranties.
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Old 02-13-2020, 07:14 PM
IlCacciatore IlCacciatore is offline
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Originally Posted by quackbury View Post
OP, this is the biggest concern. The BMW New Car Warranty is 4 years, 50,000 miles. If the warranty ends in 9/22 (as you state), the vehicle was placed in service 48 months prior, in 9/18. Why was a 2017 vehicle first placed in service in September, 2018? Makes no sense. I suspect the car was actually placed in service in September 2017, not September, 2018.

The BMW warranty REQUIRES an oil change every 12 months. If the MY2017 vehicle was placed in service in September, 2017, the first oil change was required in September, 2018, and the SECOND oil change was required in September, 2019. Your post indicates there has only been ONE oil change.

What do you think will happen if the motor blows up? Do you think BMW will say, "Gee, Il Cacciatore seems like a nice enough fellow. We will replace the grenaded motor for free, even though the warranty is technically voided by the original lessee's nonchalance about required maintenance"? If so, I've got a bridge I will sell you.

The curb rash is the ultimate red herring. An invalid warranty is an economic catastrophe. Unless the current lessee can provide service records, proving that all scheduled maintenance was performed on time, stay far away from this car. There are plenty of lightly used BMW's out there which have VALID warranties.
Thanks! Sound advice. I may be mistaken about the expiration of the warranty. If itís 4 years then it expires in 2021. So I called the closest dealer, gave them the VIN and learned about the service I mentioned in OP. I called the dealership that sold the car and they said they would not give me info on the car unless I was the owner or with the owners consent. Seemed weird. I have the car fax and it did not list the service my local dealer told me about. I understand Carfax is not the most reliable but it does show the car was sold in Sept. of 2017, it was registered in Oct. 2017 and thatís it.
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Old 02-13-2020, 07:17 PM
IlCacciatore IlCacciatore is offline
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Originally Posted by jjrandorin View Post
Maybe that pre purchase inspection, but at a BMW dealership with a note that you also want information about lease end chargable damage they find? Havent done it, but that might work.. but of course you would have to pay and the person would need to be willing to let you have it done.

At a minimum you could work some or all of any lease end charges into the deal you make with the original leasee.
Good idea about doing the inspection at the local BMW dealer. Iíll see what I can arrange with BMW. Iím willing to pay for an inspection.
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Old 02-15-2020, 09:56 AM
IlCacciatore IlCacciatore is offline
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Originally Posted by jjrandorin View Post
Maybe that pre purchase inspection, but at a BMW dealership with a note that you also want information about lease end chargable damage they find? Havent done it, but that might work.. but of course you would have to pay and the person would need to be willing to let you have it done.

At a minimum you could work some or all of any lease end charges into the deal you make with the original leasee.
This. I took it to the dealer who looked at the records and determined that the service is a couple of months overdue but if done now will bring it up to date and not incur the $750. fee at lease end for not servicing the car. The dealer has a person on staff who offered to do a free pre lease turn-in inspections while the car is there being serviced and print out a report for both of us. I just have to get the lessor to take it for warranty service. I learned that there is a ďrefreshĒ transfer fee for the maintenance package but it is only $100. Thanks for all the advice.
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Old 02-17-2020, 06:33 PM
Mungo So Cal Mungo So Cal is offline
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Even minuscule windshield chips which you would never notice are now chargeable. Yep, windshields are basically wear items now. You got to figure in drive offs, tires, windshields, other damage and disposition fee to get an accurate cost, not just monthlies. I would pass.
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Old 02-17-2020, 11:03 PM
IlCacciatore IlCacciatore is offline
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Originally Posted by Mungo So Cal View Post
Even minuscule windshield chips which you would never notice are now chargeable. Yep, windshields are basically wear items now. You got to figure in drive offs, tires, windshields, other damage and disposition fee to get an accurate cost, not just monthlies. I would pass.
Good points all. I carry a glass rider on my insurance and if there are no chips etc at inspection then it would be on me. There is a $350. dispo fee and the Leasee offered to pick up $250. of it. At this point Iím going to finish my due diligence and then decide depending on what the inspection shows. I suspect a main expense will likely be tires. You may be right that with only seven months left on the lease itís not worth it.
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Old 02-22-2020, 08:24 AM
IlCacciatore IlCacciatore is offline
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Thanks everyone, deal is done and much to my surprise it was done when I submitted my documents to BMW, before any inspection or further negotiation. Transferor was as surprised as I was since we had some money on the table and the inspection was yet to be done. According to BMW I couldn't back out even if I wanted to so after a sleepless night with visions of cracked rims, unseen body dents and dings, worn tires, torn leather interior and whatever else could go wrong in the almost 30 days since I had seen the car I went to pick it up. Luckily my visual inspection revealed no obvious flaws. Looked like a car with 9,000 miles on it. Bottomline and cautionary tale, on a BMFS lease transfer the deal is done once the "stage two" documents are submitted unless BMW rejects the transfer. I was locked into this before I realized it and so far it looks like I dodged a bullet. Most importantly, this car exceeds expectations, it's configured as if I ordered it, it looks brand new and it's a nice complement to my wife's X3.

Last edited by IlCacciatore; 02-22-2020 at 09:26 AM.
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Old 02-22-2020, 08:50 AM
1968BMW2800 1968BMW2800 is offline
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Congratulations. We appreciate your candidly sharing your adventure.

Make sure all services are current now that it's yours, and take the dealer up on the free inspection while the car is in for scheduled service.

Enjoy the ride!
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Old 02-22-2020, 09:31 AM
IlCacciatore IlCacciatore is offline
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"We appreciate your candidly sharing your adventure." More like admitting a major f*ck up to the world. Let's see if my luck holds.
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Old 02-22-2020, 09:37 AM
1968BMW2800 1968BMW2800 is offline
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Let's see if my luck holds.
Gotta be ready for your luck, as the saying goes.

Which means good fortune falls to those who are prepared when the opportunity arrives.
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Old 02-22-2020, 12:25 PM
SteveinArizona SteveinArizona is offline
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I applaud you. I think it is a great idea but agree that you want it thoroughly checked for any items that BMWFS will charge you for at the end of the lease (a friend of mine has repeatedly leased BMWs from the same dealership and they never hassle him BUT he is getting a new lease each time and that experience can vary by dealer. You don't have an existing relationship so the dealership will have no reason to be especially nice to you at inspection time.).

After these nine months you will have a good idea of what you want to do thereafter.
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Old 02-22-2020, 10:11 PM
IlCacciatore IlCacciatore is offline
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I have a relationship with 2 of our local dealers going back many years, including a recent X3 purchase. I've purchased 2 BMWs from the dealership where this car was purchased.
I drove it about 150 miles today. It's my first sports car in some years and the unit felt rock solid and impressively fast***x1f633;***x1f525;. I'm feeling ok about the inspection on Monday. Tomorrow I'm heading north on 1 from Point Reyes to the Russian River.
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