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      04-10-2017, 02:37 AM   #1
gadgetfreaky
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17K miles left for 11 months - Lease take over?

26 months into my 36 month lease and I have less than 13K miles. It's a 10k/year lease so 17K miles left for 10 months!

Just not driving much & about to lose my garage during a remodel & really don't want to be street parking this!

2015 Pure Impulse World. As you know they stopped making these. Limited edition.
Rims are perfect and powedercoated by the dealer and have a warranty from them., front and sides are wrapped clear so paint is also perfect. Even the front seats were replaced a few months ago by the dealer (1st seat wore getting in and out). I also have the flat tire extended warranty, of which they've replaced 2 tires when they found a nail).

I got it back when it was hard to get, so paid full price, and given lease prices now I'm a bit embarrassed that I'm paying over $2,400/month.

However, I'll take a good offer from someone. I'm driving it about once a week these days.

What is a fair price for someone to take over the lease given the low mileage? This is perfect for someone who wants this as a daily driver and wants to lease.


Last edited by gadgetfreaky; 04-16-2017 at 01:25 AM..
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      04-10-2017, 05:03 AM   #2
Mr.SugarSkulls
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      04-16-2017, 01:25 AM   #3
gadgetfreaky
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Just updated, it's actually 10 months and 17K miles left on the lease
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      04-30-2017, 10:30 PM   #4
Bmwjay85
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Hi
Can you msg me
6319431100
I have some questions and maybe can work something out
Thanks
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      05-01-2017, 02:32 AM   #5
gadgetfreaky
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So I checked with BMW, process takes about 30 days since they have to get the title back from the DMV which takes a few weeks before the assign it to someone else. I guess the process is $500, and they email a link to whoever is taking it over to fill the credit app.

The turn in date of the vehicle is Feb 26th 2018, so lots of mileage for someone looking for a daily driver for the next 9 months.
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      05-03-2017, 03:29 PM   #6
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Quote:
Originally Posted by gadgetfreaky View Post
So I checked with BMW, process takes about 30 days since they have to get the title back from the DMV which takes a few weeks before the assign it to someone else. I guess the process is $500, and they email a link to whoever is taking it over to fill the credit app.

The turn in date of the vehicle is Feb 26th 2018, so lots of mileage for someone looking for a daily driver for the next 9 months.
They are saying 30 days to be safe. If you and your buyer get everything turned in promptly it will probably be more like 10 days.
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      05-03-2017, 06:11 PM   #7
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Quote:
Originally Posted by emmfiv3 View Post
Quote:
Originally Posted by gadgetfreaky View Post
So I checked with BMW, process takes about 30 days since they have to get the title back from the DMV which takes a few weeks before the assign it to someone else. I guess the process is $500, and they email a link to whoever is taking it over to fill the credit app.

The turn in date of the vehicle is Feb 26th 2018, so lots of mileage for someone looking for a daily driver for the next 9 months.
They are saying 30 days to be safe. If you and your buyer get everything turned in promptly it will probably be more like 10 days.
Just transferred my lease with BMWFS; began the process last month on 4/13/17 and stage 3 closes tomorrow 5/4/17. They said California is experiencing a high rate of transfers as is BMWFS so it's taking slightly longer than usual. The process is super easy still. Good luck!
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      06-20-2017, 10:23 PM   #8
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still barely driving it..so if anyone wants to drive 16K+ miles over 8 months ping me.

$148,250 price of car plus add ons (1,500 for black powdercoating of rims and $1372 for road hazard, which replaces tires or repairs rims) $152,197

Payments are - 2437.99

Residual 85,985

30k allowed.

2/26/18 Last payment of lease and turn in date.

I have about 13k miles

Just paid $997 for the registration so you are good there.

About to make the June 27th

takes about 30 days for bmw to do the transfer, so figure i'll do the June 27th payment.

and you'll do the July payment

which makes 7 months and 16k miles! I'll make a deal.. otherwise, i'll just keep it which is fine. I ordered the Tesla 3.. so might just pick up something in the interim. What's fair?

BMW transfer free is $500. given the huge amount of miles to be driven. How does $1600/month sound? would love feedback from forum.

also, btw, I had it wrapped suntek, full hood, A pillars and doors, so it's perfect, no rock chips or dings. Also had the paint protected with Modesta clear coat. paid $3,445 for this the guy does amazing work out of san diego.

Last edited by gadgetfreaky; 06-21-2017 at 04:06 AM..
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      06-21-2017, 03:12 PM   #9
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lease

$1600/month sounds fair to me for an 8 month lease.

I just took over a 22 month lease with about 18k miles left on 2015 pure impulse i8 blue and am paying 1220 month and need to replace tires now. If that helps you
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      06-21-2017, 03:45 PM   #10
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This is a good opportunity for someone to try out an i8 without a long term commitment. It's an especially good deal for someone that can actually use up all those miles.
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      06-21-2017, 06:09 PM   #11
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Car looks to be in amazing shape due to low miles!

7 months is an interesting time frame to test out a car...Great deal if someone can take time off work / is retired and go on a cross country road trip! Typical owner profile probably cant put that many miles due to work etc.

When returning the car back to BMW, would new owner have to remove the powder coat?
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      06-21-2017, 07:55 PM   #12
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Quote:
Originally Posted by rainman54 View Post
Car looks to be in amazing shape due to low miles!

7 months is an interesting time frame to test out a car...Great deal if someone can take time off work / is retired and go on a cross country road trip! Typical owner profile probably cant put that many miles due to work etc.

When returning the car back to BMW, would new owner have to remove the powder coat?
No, since the powder coat it was done by the dealer. which is why I paid when I bought it.
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      06-22-2017, 03:14 PM   #13
rainman54
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Gadget can you PM me with your contact info, either email or phone? I'd like to talk to you about the lease transfer.
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      07-16-2017, 02:07 AM   #14
gadgetfreaky
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back from vacation.. 6 months with 16,000 miles to drive! $1,600/month lease if you want it PM me.
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      07-17-2017, 02:19 PM   #15
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      07-21-2017, 07:59 PM   #16
gadgetfreaky
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Quote:
Originally Posted by rainman54 View Post
Car looks to be in amazing shape due to low miles!

7 months is an interesting time frame to test out a car...Great deal if someone can take time off work / is retired and go on a cross country road trip! Typical owner profile probably cant put that many miles due to work etc.

When returning the car back to BMW, would new owner have to remove the powder coat?
Yeah, I really want someone to put the miles on it! I feel like BMW is gonna get away with murder on this deal. I got the powdercoat from the dealer, so no, don't have have to change it back.
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      07-26-2017, 03:48 AM   #17
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update, I realized last payment is 1/26 and turn in is 2/26

So anyone looking for a car for 5 months that they could basically drive across the country and back a few times since there's 16K miles available?
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      08-03-2017, 10:18 PM   #18
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$1,500 for basically all you can drive mileage for 5 months? any takers? i need to clear the garage for a remodel, so good time to do this.
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      08-06-2017, 11:21 AM   #19
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Quote:
Originally Posted by gadgetfreaky View Post
$1,500 for basically all you can drive mileage for 5 months? any takers? i need to clear the garage for a remodel, so good time to do this.
PM sent
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      08-10-2017, 08:59 PM   #20
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Still available??
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      08-11-2017, 02:44 AM   #21
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I wish we had these things in Sweden.. Very few are leasing these cars, and it would have been perfect getting a lease for a year.
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      08-14-2017, 01:22 AM   #22
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Still available??
yes, this will be the last week I think we can do the transfer since it's 6 months left in the lease for bmw to switch. So ping me if interested.
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