[rainman54]

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Hi,

Since there were so many i8 lease assumption threads, I was wondering if there were any guidelines both buyer and seller should follow while going through this process. From what I read, BMW Financial does seem to do the grunt of the work and the process is straightforward.


Buyer side:

Should there be any due diligence in doing a carfax and a separate inspection?

[Blink2814]

A buyer should look over the car for damage and check the tires, that’s what the dealership does at lease end. Pretty simple.

If there is money flowing either direction it gets a little more complicated. If the buyer is giving money then the seller just keeps the keys until they get paid. But if the seller is offering an incentive you either trust them, or you can have an escrow account to hold the money in until the transfer is complete.

I have done 3 acquisitions, anywhere from 7 days to about 3 weeks from start to finish. I prefer local deals only though so I can do the deal in person and see the car.

[MalibuBimmer]

I'd have a mechanic at a dealership who works on these cars inspect it. "Looking it over" is, in my view, insufficient. The undercarriage is especially vulnerable to bad scraping because it is so low slung from front to back.

If you can't get that done -- for whatever reason -- I wouldn't proceed.

[rainman54]

Originally Posted by MalibuBimmer

I'd have a mechanic at a dealership who works on these cars inspect it. "Looking it over" is, in my view, insufficient. The undercarriage is especially vulnerable to bad scraping because it is so low slung from front to back.

If you can't get that done -- for whatever reason -- I wouldn't proceed.

When the dealership is performing the inspection, do they have those items you mentioned on the checklist? Or do I have to specifically ask them to do this? I will not be present when they do it. I'll see the car only when I go to pick it up at the end of the process.

[Amgeater2]

Originally Posted by rainman54

When the dealership is performing the inspection, do they have those items you mentioned on the checklist? Or do I have to specifically ask them to do this? I will not be present when they do it. I'll see the car only when I go to pick it up at the end of the process.

I really think its a very easy process have a local dealer inspect the car (BMW DEALER) other than that run a carfax and done.... you are taking over a lease not buying the car, so if BMW is giving an ok you are good to go..