Year: 2017
Make: MINI
Model: Clubman
Price: $300
Mileage: 37036
Color: Lapis Blue
Private or Dealer Listing: Private Listing
Location (State): PA
Drivetrain: 4WD & AWD

Happy Friday, Gents -

I bought a new daily (couldn't pass it up), so looking to give a killer deal on a lease assumption for my AWD Clubby.

I actually assumed the lease last year from a Rennlister, but ended up needing more room to move inventory for a family business and finally decided to bite the bullet and finally bought
a G500. I received the Mini with 25K miles and it has 37,036 today. It has been flawless; reliable, fun, easy - it has proven to be exactly what I'd hoped.

The previous owner ordered and specced it beyond most Minis (which explains the contract PMT):

Color:

Lapisluxury Blue 1,000.00
Carbon Black Leatherette JWC Works Interior

Options:

ZCW Cold Weather Package (heated seats) 750.00
ZPP Premium Package (keyless, pano roof, Harmon Kardon) 1,800.00
ZSP Sport Package (Dynamic suspension, LED fogs) 1,500.00
5A4 LED Headlights with Cornering Lights 250.00
7KM John Cooper Works Interior Package (multifunction leather JCW wheel, anthracite headliner) 400.00
2EV 18" Star Spoke Black Wheels 250.00
2TB Sport Automatic Transmission 1,750.00
313 Power-Folding Mirrors
386 Roof rails 250.00
3AG Rear view camera 500.00
459 Power Front Seats 1,250.00
465 Split fold-down-rear seat 250.00
4BD Interior surface Piano Black 200.00
507 Park Distance Control (rear) 500.00
544 Dynamic Cruise Control
5AA Rear Fog Lights 100.00
693 Satellite radio preparation
6NP Enhanced USB and Bluetooth
Total Suggested Price 41,050.00

Also has an awesome looking Thule Roof Rack

The Numbers:

Lease End: 5/31/2019
Months Remaining - 9
Total Mileage - 45,000
Miles Remaining - 8,000 (this will remain static as I'm not driving the Mini)
Miles/month - 890 (assuming 9 months remaining upon delivery)

Monthly PMT - $523
Residual - $24,220
Lease Takeover Fee - $400 (I believe)

Now, the residual is well above the market value, so here's how I'm presenting this deal:
August Payment made: $523 (9 payments remaining)
Total Payments remaining: $4707
Incentive: $1500
Incentivized Total Payments: $3200
Inventized Monthly Payment: $356

So, for $3200, you get an awesome daily with warranty for 9-10 months and you get to hand it in when your done. I consider this an awesome proposition. I'd keep it myself, but I have little use for it now. I love the car though, it has definitely become a part of the family.

Don't hesitate to reach out with questions and hang tight for interior pictures - to be added shortly.

Thanks,
Joe

 

Update: Raising the incentive to $1750 / $330 per month!

 

Basically dutch auctioning here... $2000 incentive $300/month. Have had several people reach out at the prior update but nobody has double-clicked yet, I suspect it'll heat up now!

-Joe

 

hey Joey, from reading your post this is how I understand it; you'll give $2k to the dealer in order for the new leasee to take it over for $300 per month until 05/31/2019? any other fees involved?
One of my young nephew is looking for the experience he has decent credit and a stable ho-hum job.
What part of Philly suburb are you located?
thanks

 

Almost got it - I'll cut a check for $2K directly to the buyer (in this case, you're nephew) to supplement the contract payments for the remainder of the lease.

The process goes through BMW Financial and is a simple transfer of the existing lease, which can't be modified - which is why I'd just pay the buyer to bring the effective payments down to the $300. I mentioned it up in my original post I believe, the only additional cost would be BMWFS lease transfer @ $400. It's a pretty painless process, paperwork, credit check, and managed by the lease department through the various steps.

The car is currently in a garage 30 min South West of the City - happy to coordinate with him if he wants to have a look.

Let me know if you have any additional questions. Thanks!

-Joe

 

thank you I'll forward this thread to him