Lease Question

Zervos4 · 11-03-2008, 02:53 PM

I am currently leasing a 2008 Bmw M3 coupe, 3 yr 15,000 mile; my question to the board...is there a way to get out of the lease without a hefty buyout? I know I can sublease, but that's a whole other problem in itself. I was just wondering what my options are to get out of my current lease? Thanks for any information/advice, this might be a really stupid question but I knew that you guys would be able to answer it...thanks again...

montreal red · 11-03-2008, 03:00 PM

u can try to negotiate something with your dealership but its usually cheaper and easier to get rid of your lease by transferring it to someone else on sites like swap a lease. your dealer is going to charge you a hefty fee for you to get out of your lease.

SpencerM3 · 11-03-2008, 03:24 PM

Why do you want out?

Zervos4 · 11-03-2008, 04:20 PM

The reason I want out is because I feel like I have gotten a lemon!!..My differential fell out of mount about 3 months ago, come to find out there was play in a couple of bolts that secure the exhaust hangers and diff mount. Bmw replaced the faulty equipment and was covered in the warranty, life was good. Well, last week it happened again, and the dealership got a BMW tech to come in and figure out what was causing the problem; the tech said it was because of my aftermarket wheels and the wide, sticky tires, putting a strain on the diff mounts and causing the weakest link to give. (btw, 19x10 w/285/40/19, 19x8.5 245/35/18) So all of this madness has led me to be sickened by having a 65k dollar car that I can't keep on the road. I was just wanting to explore my options of getting out of the lease if it ever comes down to it. It's a bad deal, I love the car, it has lived up to my every expectation, but when I got the car I thought to myself, hey this is great, it's not my DD so I won't have to worry about excesive wear and tear and putting miles on the car, well....as you can see, I've had it for about a while now, only 5,000 miles, and having to keep it in the shop...bad deal lucille..

Radiation Joe · 11-03-2008, 06:26 PM

Does the term "wheel hop" ring a bell?

I'd be reluctant to call the car a lemon if I were you.

Esoteric · 11-03-2008, 08:43 PM

I've always wondered if it made a difference if you were taking another car from them.

For example, would they give you a break on some of the 'get out of lease' fees if you get into another car.

I know you'll lose if you're upside down on the lease (owe more than it's worth), but I figured they'd be lenient if they couldget you into another car; particularly a more expensive one.

In my situation, I've got a two door car (E46 M3), and would really like to get into a four door (M3 Sedan or 535i) because I need more room for the family. I haven't bothered to do anything about it because I figured I'd be dinged for a bunch, but if you learn something different, let us know!

Good luck.

labelexec · 11-03-2008, 08:56 PM

force bmwna to repurchase the car or hire a lawyer and file a lemon law lawsuit to make that happen. otherwise you're screwed by your lease.

positiveions · 11-03-2008, 09:40 PM

wait a sec, wasn't there a person that had a similar problem on an AW E92 DCT. His diff fell off, posted some photos, and people started asking him questions; only to find out he disappeared.

aus · 11-03-2008, 10:40 PM

Post on all the BMW boards and see if it's happend to others.
You'll owe THOUSANDS if you try to get out of the lease now.

Sounds like the "Lemon Law" may be the best bet.

Zervos4 · 11-03-2008, 11:00 PM

Quote:

Originally Posted by Laszlo

Yeah, I remember that post... hmmmm... same issue or same guy?

no not me, I remember the guy too...pictures of AW on flatbed....no but I have had the same issue, mine is a JB 6MT....

taylorcoleman · 11-04-2008, 07:51 AM

You can register at www.swapalease.com and see if someone is intersted in taking over your lease. BMWFS will accommodate this transaction and the lease buyer typically pays the transfer fees of about $500. I believe it costs about $60 to register on Swap-a-Lease. With that said, I don't recommend trying to unload a car that is in fact a lemon to an unsuspecting person. Fix the problem first, then attempt to transfer your lease.

gobuffs · 11-04-2008, 09:11 AM

Quote:

Originally Posted by aus

Post on all the BMW boards and see if it's happend to others.
You'll owe THOUSANDS if you try to get out of the lease now.

Sounds like the "Lemon Law" may be the best bet.

difficult to lemon law a car that BMW is blaming aftermarket parts on.

Zervos4 · 11-04-2008, 10:58 AM

Quote:

Originally Posted by gobuffs

difficult to lemon law a car that BMW is blaming aftermarket parts on.

The thing about it is.; this happened before I had the aftermarket wheels, then it happened again after I put them on...theyre just giving me excuses now, not what I expected from BMW

geoff2010 · 11-04-2008, 11:48 AM

just dump it on swap-a-lease... i got rid of 2 cars in the last 18 months.

Silververtu · 11-04-2008, 04:30 PM

Dealers always find many excuses to avoid to fix the car for free.

Sedan_Clan · 11-04-2008, 04:46 PM

Quote:

Originally Posted by Zervos4

I am currently leasing a 2008 Bmw M3 coupe, 3 yr 15,000 mile; my question to the board...is there a way to get out of the lease without a hefty buyout? I know I can sublease, but that's a whole other problem in itself. I was just wondering what my options are to get out of my current lease? Thanks for any information/advice, this might be a really stupid question but I knew that you guys would be able to answer it...thanks again...

I don't believe sub-leasing is an option for you. You can have someone assume your lease however. It just requires that the person taking your car meet BMWFS' criteria (..assuming you are with BMWFS), and the lease assumption fee is paid. It's the cheapest way to release yourself of the liability on the account.

Your lemon issue is another story altogether!

stanleyfalls · 11-04-2008, 07:23 PM

Your only option is to pay off remaining months or put it on a lease reassignment site such as swapalease. The dealer will not help you they will hurt you and you don't want to attempt a payoff / resale because the residual will keep you from covering your cost. You should have no problem on swapalease if the car is under factory warranty. Good luck.

11-03-2008, 02:53 PM	#1
Zervos4 zervos4 17 Rep 97 Posts Drives: 08 e92 M3, 07 750i, 08 335i Join Date: Apr 2008 Location: Hurricane, WV iTrader: (0)	Lease Question I am currently leasing a 2008 Bmw M3 coupe, 3 yr 15,000 mile; my question to the board...is there a way to get out of the lease without a hefty buyout? I know I can sublease, but that's a whole other problem in itself. I was just wondering what my options are to get out of my current lease? Thanks for any information/advice, this might be a really stupid question but I knew that you guys would be able to answer it...thanks again... __________________ 'The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so.' - Ronald Reagan
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11-03-2008, 03:00 PM	#2
montreal red chris 278 Rep 12,144 Posts Drives: White Boat Join Date: Jun 2007 Location: Toronto iTrader: (31)	u can try to negotiate something with your dealership but its usually cheaper and easier to get rid of your lease by transferring it to someone else on sites like swap a lease. your dealer is going to charge you a hefty fee for you to get out of your lease. __________________ Current: 2013 F10 M5 & 2016 Mini JCW 2013 GLK350 (gone), 997.1 GT3RS (gone), 2009 WRX STI (gone), e92 M3 (gone)
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11-03-2008, 03:24 PM	#3
SpencerM3 Sauce 75 Rep 2,023 Posts Drives: 2009 SSII E90 M3 Join Date: Jun 2006 Location: Los Angeles iTrader: (1)	Why do you want out? __________________ 2009 E90 M3 \| Silverstone II \| Black Novillo \| HRE P40's \| Akrapovic Exhaust \| Eibach Pro Kit \| Jet Black Kidney Grilles \| SSII Side Reflectors \| SSII Side Gills \| LUX H8 Angel Eyes \| Macht Schnell Filter \| Tecnocraft Envy Charge Pipe "M3 drivers have no friends." - Jeremy Clarkson
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11-03-2008, 04:20 PM	#4
Zervos4 zervos4 17 Rep 97 Posts Drives: 08 e92 M3, 07 750i, 08 335i Join Date: Apr 2008 Location: Hurricane, WV iTrader: (0)	The reason I want out is because I feel like I have gotten a lemon!!..My differential fell out of mount about 3 months ago, come to find out there was play in a couple of bolts that secure the exhaust hangers and diff mount. Bmw replaced the faulty equipment and was covered in the warranty, life was good. Well, last week it happened again, and the dealership got a BMW tech to come in and figure out what was causing the problem; the tech said it was because of my aftermarket wheels and the wide, sticky tires, putting a strain on the diff mounts and causing the weakest link to give. (btw, 19x10 w/285/40/19, 19x8.5 245/35/18) So all of this madness has led me to be sickened by having a 65k dollar car that I can't keep on the road. I was just wanting to explore my options of getting out of the lease if it ever comes down to it. It's a bad deal, I love the car, it has lived up to my every expectation, but when I got the car I thought to myself, hey this is great, it's not my DD so I won't have to worry about excesive wear and tear and putting miles on the car, well....as you can see, I've had it for about a while now, only 5,000 miles, and having to keep it in the shop...bad deal lucille.. __________________ 'The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so.' - Ronald Reagan
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11-03-2008, 06:26 PM	#5
Radiation Joe Veni Vidi Vici 89 Rep 2,750 Posts Drives: '11 JB/BBe-6sp-e90 Join Date: Jul 2008 Location: Macungie PA iTrader: (0) Garage List 2011 e90 M3-Sold [8.50] 2003 RS6 - Sold [0.00] 2009 e90 M3 - Gone [0.00] 2003 M3 SOLD [0.00] old 2002 [10.00]	Does the term "wheel hop" ring a bell? I'd be reluctant to call the car a lemon if I were you.
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11-03-2008, 08:43 PM	#6
Esoteric Private 5 Rep 71 Posts Drives: 2006 M3 Join Date: Dec 2007 Location: Toronto iTrader: (0)	I've always wondered if it made a difference if you were taking another car from them. For example, would they give you a break on some of the 'get out of lease' fees if you get into another car. I know you'll lose if you're upside down on the lease (owe more than it's worth), but I figured they'd be lenient if they couldget you into another car; particularly a more expensive one. In my situation, I've got a two door car (E46 M3), and would really like to get into a four door (M3 Sedan or 535i) because I need more room for the family. I haven't bothered to do anything about it because I figured I'd be dinged for a bunch, but if you learn something different, let us know! Good luck. __________________ 2015 X5 - White on Terra
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11-03-2008, 08:56 PM	#7
labelexec Lieutenant 31 Rep 403 Posts Drives: 2009 Matte Black RSSport M3 Join Date: Jan 2007 Location: Orange County iTrader: (2)	force bmwna to repurchase the car or hire a lawyer and file a lemon law lawsuit to make that happen. otherwise you're screwed by your lease.
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11-03-2008, 09:40 PM	#8
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	wait a sec, wasn't there a person that had a similar problem on an AW E92 DCT. His diff fell off, posted some photos, and people started asking him questions; only to find out he disappeared.
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11-03-2008, 10:40 PM	#9
aus Major General 890 Rep 9,032 Posts Drives: Odysse Join Date: Jul 2005 Location: Seal Beach, CA iTrader: (10)	Post on all the BMW boards and see if it's happend to others. You'll owe THOUSANDS if you try to get out of the lease now. Sounds like the "Lemon Law" may be the best bet. __________________ Let me get this straight... You are swapping out parts designed by some of the top engineers in the world because some guys sponsored by a company told you it's "better??" But when you ask the same guy about tracking, "oh no, I have a kid now" or "I just detailed my car." or "i just got new tires."
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11-04-2008, 07:51 AM	#11
taylorcoleman Private First Class 7 Rep 123 Posts Drives: 2011 E90 M3 Join Date: Oct 2008 Location: Pittsburgh, PA iTrader: (0)	You can register at www.swapalease.com and see if someone is intersted in taking over your lease. BMWFS will accommodate this transaction and the lease buyer typically pays the transfer fees of about $500. I believe it costs about $60 to register on Swap-a-Lease. With that said, I don't recommend trying to unload a car that is in fact a lemon to an unsuspecting person. Fix the problem first, then attempt to transfer your lease.
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11-04-2008, 11:48 AM	#14
geoff2010 Mmmmmkay 70 Rep 433 Posts Drives: 2017 S6 + 2017 340 M sport Join Date: Oct 2006 Location: Boulder, CO iTrader: (0)	just dump it on swap-a-lease... i got rid of 2 cars in the last 18 months.
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11-04-2008, 04:30 PM	#15
Silververtu Major 231 Rep 1,066 Posts Drives: 2015 X5 50i M Sport Join Date: Aug 2007 Location: US of A iTrader: (5) Garage List 2019 Porsche Cayenn ... [10.00]	Dealers always find many excuses to avoid to fix the car for free. __________________ 2019 Cayenne Turbo Gone but not forgotten: 2006 2.0T A4 Avant, 2007 Z4 Roadster 3.0si, 2006 M Roadster, 2013 550i M Sport, 2015 Cayman S, 2015 X5 50i M Sport
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11-04-2008, 07:23 PM	#17
stanleyfalls New Member 0 Rep 15 Posts Drives: 2010 X6 35i Join Date: Oct 2008 Location: USA iTrader: (0)	Your only option is to pay off remaining months or put it on a lease reassignment site such as swapalease. The dealer will not help you they will hurt you and you don't want to attempt a payoff / resale because the residual will keep you from covering your cost. You should have no problem on swapalease if the car is under factory warranty. Good luck.
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