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Lease Assumption: 2011 X6 35i– Alpine White/Saddle Brown – MSRP of $71k+

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Old Jan 3, 2012 | 07:51 PM
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Lease Assumption: 2011 X6 35i– Alpine White/Saddle Brown – MSRP of $71k+

Year: 2011
Make: BMW
Model: X6
Price: $799
Mileage: 24000
Color: Alpine White
Private or Dealer Listing: Private Listing
Location (State): NY
Transmission: Automatic
Drivetrain: 4WD & AWD

I just wanted to put a feeler out to see if anyone is interested in assuming my X6 lease.


Monthly Payment: $799.99

Taxes: When I signed the lease I paid all of the necessary NY sales tax upfront. I am not sure if the future lessee get to benefit from that though. Depending on the laws in your state you may have to pay sales taxes on the remaining lease payments.

Money Due to me upfront: $6,400 (due to Multiple Security Deposits).
*** YOU WILL GET ALL OF THIS SECURITY DEPOSIT MONEY BACK AT THE END OF THE LEASE. *** This amount is the total of 8 security deposits ($800 each). One was required by BMW FS because it was my first time leasing a car through them. I made the other seven so I could reduce the money factor (interest rate) on the lease by 0.0049.

BMW Fees: $500 BMW Financial Services Lease Transfer Fee ($400 of which is refunded if you don’t get approved)

Location: Westchester County, New York

Contract Start Date: 7/28/2010

Contract End Date: 7/28/2013 (36 month lease)

Original MSRP: $71,225.00

Residual: $43,447.25

Current Mileage: <24,000

Total Allowed Mileage: 45,000 (15,000 per year)

Remaining Monthly Payments: 16

Remaining Mileage per Month: 1,300+

Current Payoff Quote: $57,406.57 (through 04/25/2012)

Current KBB Values (as of 01/03/2012):
Private Party: $57,840 (excellent); $56,540 (good)
Trade In: $55,500 (excellent); $54,500 (good)



Additional Information:

Condition:
The car is in great condition overall! There are no dings or scratches on the body. The only minor cosmetic damage are a few inevitable rock chips on the front bumper.

Accident:
The car was in a minor accident in March of 2011. I was rear ended by a 2010 Nissan Sentra at slow speed while stopped at a red light. The only damage to the X6 was the rear bumper cover which was replaced by a BMW certified body shop (the service department at my dealership handled the repair). Total cost was around $1,600 and I have the invoices to show the work that was performed.

Here is a picture of the original damage:





Pictures:

It is pretty cold in NY, but I will try to get the car washed and take some new/current pictures soon.

In the meantime, here are some pictures from and directly after my Performance Center Delivery:
















Detailed Specifications:

2011 X6 xDrive35i

Alpine White

Saddle Brown Nevada Leather

Dark Bamboo Wood Trim

Cold Weather Package
Heated front seats
Ski bag
Heated Steering Wheel
Retractable headlight washers
Premium Package
Universal garage-door opener
Digital compass mirror
Ambiance lighting
Storage package
Auto-dimming interior and exterior mirrors
BMW Assist with Bluetooth
Lumbar support
Premium Sound Package
iPod and USB adapter
Premium hi-fi system
Satellite radio with 1 year subscription
Sport Package
Adaptive Drive
Shadowline exterior trim
Anthracite headliner
Multi-contour seats
20" Light alloy Y-spoke wheels style 214-with performance run-flat tires
Technology Package
Voice-command
Real Time Traffic Information
Navigation system
Rear View Camera with Top View
Online Information Services
Running boards

Automatic high beams

Space-saver spare
 

Last edited by Rac10000; Mar 20, 2012 at 09:21 AM.
Old Jan 9, 2012 | 07:24 AM
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bump!
 
Old Jan 10, 2012 | 01:20 PM
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Nice car ! GL
 
Old Jan 10, 2012 | 01:41 PM
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love the x6 and the color is just right. Gl w sale OP
 
Old Jan 11, 2012 | 08:47 AM
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Originally Posted by m3racer08
love the x6 and the color is just right. Gl w sale OP
Originally Posted by maxthevoice
Nice car ! GL
Thanks, guys!
 
Old Jan 17, 2012 | 04:15 PM
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bump!
 
Old Jan 17, 2012 | 04:29 PM
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this puppy is pretty loaded! msrp not too far from my x5 50i
 
Old Jan 18, 2012 | 11:05 AM
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everything is done through the lender. In this case most likely BMW Financial services.
They will send you a credit application and assuming you are approved, the contract will switch to your responsibility.
 
Old Jan 18, 2012 | 02:55 PM
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Originally Posted by PasPar2
this puppy is pretty loaded! msrp not too far from my x5 50i
Yup! When staring at an order sheet I have a hard time leaving stuff out.

Originally Posted by dane1201
Cool car!!!
Thanks!


Originally Posted by dane1201
How do you transfer lease?
dane1201, AlexN is correct. Please let me know if you have any further questions.

Originally Posted by AlexN
everything is done through the lender. In this case most likely BMW Financial services.
They will send you a credit application and assuming you are approved, the contract will switch to your responsibility.
Thank you!
 
Old Jan 18, 2012 | 04:36 PM
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good job with the ad.. has a lot of detail that people would be looking for!
 
Old Jan 23, 2012 | 05:53 AM
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Originally Posted by KJM3SMG
good job with the ad.. has a lot of detail that people would be looking for!
Thanks! The payoff amount will be updated in a few days ...
 
Old Jan 23, 2012 | 12:37 PM
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I just went through a lease transfer for an X5M with a guy on the boards. It's a very easy process working with BMW FS. Good luck!
 
Old Feb 6, 2012 | 08:34 AM
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Originally Posted by atc5
I just went through a lease transfer for an X5M with a guy on the boards. It's a very easy process working with BMW FS. Good luck!
Thank you!



The Mileage / Current Payoff is updated!
 
Old Feb 23, 2012 | 02:31 PM
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Bump!
 
Old Mar 20, 2012 | 09:22 AM
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Bump! The dealer put the 20" summer wheels/tires back on this morning! I will try to get some current pics posted soon!
 


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