FS/Lease Assumption - 2011 N55 135i Coupe 6MT

[UdubBadger]

mileage updated

[IancoleTX]

Yo dude, put it up on Swapalease.. $99 but it got my lease assumed in under a week.

[UdubBadger]

was thinking about it...

[IancoleTX]

Originally Posted by UdubBadger

was thinking about it...

Just do it dude. I spent probably 3 weeks dicking around trying to sell my old 328 on forums, then said screw it and put it on autotrader, it sold in one day. Listed my 335 on forums, nothing, put it on swapalease, got a guy who took it over in 5 days. Forum members are not your ideal market, and the $100 or so you will pay will be well worth it to get people who are interested at your asking price and don't try to lowball the shit out of you. Good luck!

[UdubBadger]

I'll probably swaplease it after Thanksgiving if nothing pans out.


Also willing to throw in all the mats and visors for new owner if the swap comes from this site.

[UdubBadger]

[UdubBadger]

[UdubBadger]

still here, needs to go... getting very close to swap lease

[UdubBadger]

being listed Friday if nobody on here wants it

[UdubBadger]

well swaplease will be up monday.

[UdubBadger]

swapalease tomorrow... bump.

added additional extras if someone from here takes it.

[UdubBadger]

car is active on swapalease now

[UdubBadger]

still available

[duvinclunk]

What is the process of taking over a lease?

[UdubBadger]

You call BMW financial and basically take over the payments in your name for the remainder of the time left. It takes about 3-4 weeks to get all the paperwork filled out and processed on their end, some notarizing is required on the two parties sides and there is a $500 transfer fee.

[duvinclunk]

Originally Posted by UdubBadger

You call BMW financial and basically take over the payments in your name for the remainder of the time left. It takes about 3-4 weeks to get all the paperwork filled out and processed on their end, some notarizing is required on the two parties sides and there is a $500 transfer fee.

Obviously BMW has to run a credit check on me. Is that done when calling them directly?

[UdubBadger]

yeah I assume so. you can call in, prequalify for credit then pay the transfer fee to get the process going.

[IancoleTX]

I recently did lease assumption, it's 2 stages (3rd stage is completion.. not really a stage) and takes 2-3 weeks. $500 fee paid by assumer, very straightforward.

[duvinclunk]

Originally Posted by IancoleTX

I recently did lease assumption, it's 2 stages (3rd stage is completion.. not really a stage) and takes 2-3 weeks. $500 fee paid by assumer, very straightforward.

What are the other two stages?

[UdubBadger]

from what I remember it goes...

Make lease assumable.
Buyer calls in to apply for credit and pay assumption fee.
Buyer accepted.
Seller is sent paperwork to fill out and have notarized.
Seller sends in paperwork.
Buyer is sent paperwork to fill out and have notarized.
Buyer sends in paperwork.
BMW "processes" for a week or so.
When processing is done, car then changes possession.

Feel free to call BMW Financial to just ask them about the process. Normally they'll say I would be the one paying for the assumption fee but I'm just going to have the new person pay it directly to BMW to save time on my end of being reimbursed.

[duvinclunk]

What mods are left? Was it parted out?

[duvinclunk]

Originally Posted by duvinclunk

What mods are left? Was it parted out?

Nevermind, I searched. Wish the car was still outfitted as in your build thread. Thanks for the time.