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      12-04-2016, 04:47 PM   #1
SaLAYF
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Lease Take Over Opportunity

Thinking Of getting out of my White 2015 BMW i8 Lease. Got the car June 25, 2016 With 14,783 Miles. Its a 2 year lease with 10,000 miles per year with a monthly payment of $1099. Car currently has 17,128 Miles. Car was leased from Park Ave BMW in New Jersey. I have both sets of OEM rims that come stock on i8s. I will update the thread with images and more specs of the car.
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      12-04-2016, 06:58 PM   #2
Mr.SugarSkulls
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So the end miles allowance is 34K on the odometer -if I'm not mistaken, correct?

Not bad.
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      12-04-2016, 07:55 PM   #3
SaLAYF
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So the end miles allowance is 34K on the odometer -if I'm not mistaken, correct?

Not bad.
Yes 34,783
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      12-08-2016, 06:43 PM   #4
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added to swapalease http://www.swapalease.com/lease/deta...?salid=1083661
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      12-08-2016, 08:36 PM   #5
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You put 7,700 down (msd) on a car with 14k miles &now looking to recoupe it?????

Absolutely nuts. I retract my previous statement.
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      12-08-2016, 08:39 PM   #6
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Originally Posted by Mr.SugarSkulls View Post
You put 7,700 down on a car with 14k miles?????

Absolutely nuts. I retract my previous statement.
its a security deposit i left...Whoever assumes the lease gets that back when they return the car. Its not a down payment.
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      12-08-2016, 08:42 PM   #7
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Quote:
Originally Posted by SaLAYF View Post
Quote:
Originally Posted by Mr.SugarSkulls View Post
You put 7,700 down on a car with 14k miles?????

Absolutely nuts. I retract my previous statement.
its a security deposit i left...Whoever assumes the lease gets that back when they return the car. Its not a down payment.
There were deals on 15s with zero down for the same monthly 24mos with only 300 miles or less...

I was eyeing your post due to looking to add a second i8. If you decide to come off of it- please update the post.

Goodluck with the take over.
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      12-08-2016, 08:45 PM   #8
SaLAYF
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Quote:
Originally Posted by Mr.SugarSkulls View Post
There were deals on 15s with zero down for the same monthly 24mos with only 300 miles or less...

I was eyeing your post due to looking to add a second i8. If you decide to come off of it- please update the post.

Goodluck with the take over.
your confusing down payment with security deposit. If it was a down payment i was looking for, you wouldnt get that back when the car was returned.
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      12-08-2016, 09:31 PM   #9
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Quote:
Originally Posted by SaLAYF View Post
Quote:
Originally Posted by Mr.SugarSkulls View Post
There were deals on 15s with zero down for the same monthly 24mos with only 300 miles or less...

I was eyeing your post due to looking to add a second i8. If you decide to come off of it- please update the post.

Goodluck with the take over.
your confusing down payment with security deposit. If it was a down payment i was looking for, you wouldnt get that back when the car was returned.
No I am not.

I'm very well versed with with leases - and I know the difference between MSDs- and a cap cost reduction. (Aka a down payment)

Msd are not wise unless you intend to keep the vehicle until the lease ends, because as you said- it is refunded at the end of the lease. But if you try to get out of your lease as you are, why would anyone want to pay you 7,700 now (while aware that they would get that money back in 18 months)- knowing they can get a brand new one for zero down and the same monthly payment. Only benefit would be the time (18 mos) otherwise, you're already fighting an uphill battle from the start.

When I say come off of it- it's pretty much a "how much are you willing to eat to get rid of the lease". If there's no rush, then you're good- and best of luck,

But when I took over my first m6, the gentleman had put a MSD upfront, but due to him wanting to move it quickly, only asked for 2500 back.

Regardless, best of luck to you.
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      12-08-2016, 09:38 PM   #10
SaLAYF
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No I am not.

I'm very well versed with with leases - and I know the difference between MSDs- and a cap cost reduction. (Aka a down payment)

Msd are not wise unless you intend to keep the vehicle until the lease ends, because as you said- it is refunded at the end of the lease. But if you try to get out of your lease as you are, why would anyone want to pay you 7,700 now (while aware that they would get that money back in 18 months)- knowing they can get a brand new one for zero down and the same monthly payment. Only benefit would be the time (18 mos) otherwise, you're already fighting an uphill battle from the start.

When I say come off of it- it's pretty much a "how much are you willing to eat to get rid of the lease". If there's no rush, then you're good- and best of luck,

But when I took over my first m6, the gentleman had put a MSD upfront, but due to him wanting to move it quickly, only asked for 2500 back.

Regardless, best of luck to you.

thanks
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