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Lease Assumption: 2011.5 E93 M3 $650/Month+tax

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Old Nov 1, 2011 | 11:38 AM
  #1  
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Lease Assumption: 2011.5 E93 M3 $650/Month+tax

I’m looking to transfer the lease of my Jerez Black/Fox 2011.5 E93 M3. Below are the details.

Car Details:

2011.5 E93 BMW M3 $67,050
Options:
Jerez Black Metallic Paint $550
Fox Red Extended Leather $1,100
DCT Transmission $2,900
Premium Package 2 $1,350
-Carbon Leather Interior Trim
-Universal garage Door Opener
-BMW Assist with Bluetooth
-Power folding Auto Dimming Mirrors
Convenience Package $2,900
-Comfort Access Keyless Entry
-Anti-theft Alarm System
-Navigation System
-Park Distance Control (Rear)
-IPod and USB Adapter
Cold Weather Package $750
-Through loading system w/bag
-Retractable Headlight Washers
-Heated Front Seats
Dynamic Damper Control $1,000
Enhanced Premium Sound $1,900
19” 220M Wheels $1,250
Sirius Satellite Radio $350
Gas Guzzler Tax $1,700
Destination $875
Total MSRP $83,675

Custom Cut 3M Paint Protection film installed when car was new– Front Bumper, Headlights, Full Hood, Front Fenders, Mirrors, Rocker Panels, around all 4 wheels and top of rear bumper – Paid $2,000

Lease Details:

Monthly payment before tax: $650
Lease Terms: 36 months, 12,000 miles per year
Lease Start Date: 2/15/11
Lease End Date: 2/15/14
Residual Value at end of lease: $53,875
Current miles: 6,700
Remaining miles: 29,300
Remaining months: 27.5
Remaining miles per month: 1,065
Lease payoff until 11/12/11: 72,424.67
Car is located in Long Island, NY (will ship at buyer’s expense)
Leasing Company: BMW FS

Buyer's responsibility to transfer lease:

$500 to BMW FS - credit application and transfer fee
$4,550 to me - MSD's which will be returned to you by BMW FS at lease end
$1,750 to me - part of cap reduction
The car has been taken care of meticulously inside and out. Hand washed only and no dings or scratches to speak of.
Please PM or email me at Raz519@yahoo.com.
Pictures:












 
Old Nov 1, 2011 | 11:58 AM
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beautiful spec and dirt cheap!

they're giving 54k residual after 3 years, wow. In Canada they give 28k for an MSRP of 82k, comes out to 2k monthly lol.
 
Old Nov 1, 2011 | 12:29 PM
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Originally Posted by Maitre_Absolut
beautiful spec and dirt cheap!

they're giving 54k residual after 3 years, wow. In Canada they give 28k for an MSRP of 82k, comes out to 2k monthly lol.
Thanks, yes it was a great deal which was made even better because I did a Euro Delivery. I just don't find myself using the car much, it just sits in my garage. Hoping to find a good home for it.
2K monthly in canada is significantly more, I'm sure it has a lot to do with the VAT tax and import costs in that country.
 
Old Nov 1, 2011 | 12:34 PM
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I hope it's not sitting in your garage because you are driving your Lexus GS300....
 
Old Nov 1, 2011 | 12:43 PM
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Originally Posted by mafishman1
I hope it's not sitting in your garage because you are driving your Lexus GS300....
Haha, the Lexus is my daily. Very uninspiring to drive, but it's reliable and comfortable which makes for a good commuter car. The M can very easily make a good daily as well.
 
Old Nov 1, 2011 | 12:48 PM
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I'm not sure if you are aware of this, but.....you are moving the wrong car.
 
Old Nov 1, 2011 | 12:59 PM
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Best of luck, the car is beautiful and that payment is CHEAP!
 
Old Nov 1, 2011 | 01:12 PM
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You may need to drop the $4500 & $1750 to move a lease these days.
 
Old Nov 1, 2011 | 01:27 PM
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Why the HELL would you NOT drive the BMW and sell that freak'n toyota?!!!

sense you not make.
 
Old Nov 1, 2011 | 02:27 PM
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Originally Posted by smokinghot4cars
You may need to drop the $4500 & $1750 to move a lease these days.
The MSD BMW will refund to the transferee, so I don't see why he needs to drop that one.

The cap cost reduction, I can see.
 



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