Anyone familiar with sub-leasing?

[stooken]

anyone have experience with this?

sub-leasing: contract b/w two parties to keep the car under my name with the other party driving the car and responsible for it for a certain period of time

i was totally against it because it just seems like if the other party takes off then the contract is pointless but now they said we can go through a company to have this done.

[!Xoible]

you should not do that. just have someone assume your lease. too risky, to BMW u are responsible for the car.

[stooken]

Originally Posted by ///Mantis

you should not do that. just have someone assume your lease. too risky, to BMW u are responsible for the car.

ah.. can't believe i didnt think about calling bmw. just spoke to a representative and BMW doesn't even allow it. they will still hold me responsible.

thanks.

[PaulBailey@ltbmw]

you have a bmw that you're trying to get rid of???

[TurboFan]

Originally Posted by stooken

ah.. can't believe i didnt think about calling bmw. just spoke to a representative and BMW doesn't even allow it. they will still hold me responsible.

thanks.

BMW will hold you responsible if you unload the car through lease trader?? Or if you sub-lease? I've been thinking of moving up to an X5 4.8 as the fam grows, but I have 2 more years in the 335.

[Carnage]

Originally Posted by stooken

anyone have experience with this?

sub-leasing: contract b/w two parties to keep the car under my name with the other party driving the car and responsible for it for a certain period of time

i was totally against it because it just seems like if the other party takes off then the contract is pointless but now they said we can go through a company to have this done.

bad move, why on earth would you want to do this?

[TK-421]

Originally Posted by stooken

ah.. can't believe i didnt think about calling bmw. just spoke to a representative and BMW doesn't even allow it. they will still hold me responsible.

thanks.

sounds like BMW, cut the bs and have someone take responsibility

BTW you have the coolest smiley in your sig

[stooken]

Originally Posted by xPaulBaiLeyx

you have a bmw that you're trying to get rid of???

no, i have a hooptie that i'm trying to get rid of and posting it on e90post.

Originally Posted by TurboFan

BMW will hold you responsible if you unload the car through lease trader?? Or if you sub-lease? I've been thinking of moving up to an X5 4.8 as the fam grows, but I have 2 more years in the 335.

with lease trader, i'm assuming they transfer the lease since they do ask for credit checks and lease account information. sub-leasing is different because the car still stays under the primary owners name with someone else driving it.

if you have someone else assume your lease through BMW financial then no, they will not hold you responsible. there is now someone else they can go after.

Originally Posted by Carnage

bad move, why on earth would you want to do this?

it was a question.

Originally Posted by news 4 u

sounds like BMW, cut the bs and have someone take responsibility

BTW you have the coolest smiley in your sig

yeah, well someone has to be responsible. they need to get their money somehow.