Anyone done a lease transfer?

holeinonep · 10-05-2008, 09:47 PM

Curious how long the process takes from start to finish?

RQ · 10-05-2008, 10:26 PM

Yes I have, transferred my M6 lease to another party.

Was by BMW just to state the obvious. They are really good as a company.

Suggest you contact them with a lease assumption request, and if you are lucky to have a qualified recipient for the terms then all would be well.

blueStreak · 10-05-2008, 10:28 PM

Just completed one this last week and it took 15 days.

SfValley335i · 10-05-2008, 10:45 PM

I transfered one.... took about 2.5 weeks. I had to be on BMW FS ass, they did not call or email me when they said they would. They supposedly called me but never left a message... I suggest you call them every two or 3 days to check up on them and get a status.

battlehawk1025 · 10-05-2008, 11:51 PM

Quote:

Originally Posted by SfValley335i

I transfered one.... took about 2.5 weeks. I had to be on BMW FS ass, they did not call or email me when they said they would. They supposedly called me but never left a message... I suggest you call them every two or 3 days to check up on them and get a status.

hell with bmw fa u have to ride there ass. in other word call them everyday

montegoz4 · 10-06-2008, 10:59 AM

I did last month on my 335. Took 3 weeks because I screwed up the notarization, but overall a very easy process, and well organized by BMW FS.

MikeM5 · 10-06-2008, 11:05 AM

+1 the lease transfer is really easy through BMW FS. basically just have to wait for them to process/send paperwork and it's a done deal.

montreal red · 10-06-2008, 03:45 PM

well basically once you've found someone to takeover your lease, you will call your dealership and make an appointment with the person in charge of leases. at the same time, he will probably ask the person who is taking over your car to fill out a credit application that should be filled in before you go for your appointment. the credit check takes one day so you should have the person taking your car submit the credit app at least 2 days before your appointment. basically from start to finish it shouldnt take more than 5 days or so.

oh and one more thing, make sure youre ready to pay for the lease transfer fees. its about $800 - $1000 here in canada. i am not sure how much it is in the states.

fchen911 · 10-06-2008, 06:24 PM

As long as u find the car u really want and once you able to pass the BMW FS credit check, then everything will be easy. It took my buddy 2 weeks to take over a 335. U will have to go notary office and DMV ( DEPARTMENT OF MOTOR VEHICLE ) for the new registration and thats it.

10-05-2008, 09:47 PM	#1
holeinonep Registered 0 Rep 2 Posts Drives: 2008 328i Join Date: Sep 2008 Location: MA iTrader: (0)	Anyone done a lease transfer? Curious how long the process takes from start to finish?
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10-05-2008, 10:26 PM	#2
RQ New Member 1 Rep 9 Posts Drives: 08 M3 Cpe DCT, others Join Date: Oct 2008 Location: S. Florida iTrader: (0)	Yes I have, transferred my M6 lease to another party. Was by BMW just to state the obvious. They are really good as a company. Suggest you contact them with a lease assumption request, and if you are lucky to have a qualified recipient for the terms then all would be well.
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10-05-2008, 10:28 PM	#3
blueStreak Private First Class 1 Rep 120 Posts Drives: 550i Join Date: Jul 2005 Location: USA iTrader: (1)	Just completed one this last week and it took 15 days.
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10-05-2008, 10:45 PM	#4
SfValley335i Colonel 164 Rep 2,409 Posts Drives: Current:135i Sold:335i sedan Join Date: Mar 2007 Location: City of Angels iTrader: (8)	I transfered one.... took about 2.5 weeks. I had to be on BMW FS ass, they did not call or email me when they said they would. They supposedly called me but never left a message... I suggest you call them every two or 3 days to check up on them and get a status.
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10-06-2008, 10:59 AM	#6
montegoz4 Private 4 Rep 59 Posts Drives: 06 Z4 Join Date: Jun 2007 Location: Mass iTrader: (0)	I did last month on my 335. Took 3 weeks because I screwed up the notarization, but overall a very easy process, and well organized by BMW FS.
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10-06-2008, 11:05 AM	#7
MikeM5 Future Classic 263 Rep 995 Posts Drives: BMW / Porsche Join Date: Apr 2007 Location: Chicago, IL iTrader: (6)	+1 the lease transfer is really easy through BMW FS. basically just have to wait for them to process/send paperwork and it's a done deal. __________________ FUTURE CLASSIC \| \| Follow Us on Instagram Melbourne E90 M3 \| Jet Black E46 M3 \| Techno E36 M3 \| 997.2 C2S \| 958 Cayenne GTS
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10-06-2008, 03:45 PM	#8
montreal red chris 278 Rep 12,144 Posts Drives: White Boat Join Date: Jun 2007 Location: Toronto iTrader: (31)	well basically once you've found someone to takeover your lease, you will call your dealership and make an appointment with the person in charge of leases. at the same time, he will probably ask the person who is taking over your car to fill out a credit application that should be filled in before you go for your appointment. the credit check takes one day so you should have the person taking your car submit the credit app at least 2 days before your appointment. basically from start to finish it shouldnt take more than 5 days or so. oh and one more thing, make sure youre ready to pay for the lease transfer fees. its about $800 - $1000 here in canada. i am not sure how much it is in the states. __________________ 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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10-06-2008, 06:24 PM	#9
fchen911 Private 7 Rep 56 Posts Drives: 2008 BMW 328i E92 Join Date: Sep 2006 Location: Los Angeles iTrader: (0)	As long as u find the car u really want and once you able to pass the BMW FS credit check, then everything will be easy. It took my buddy 2 weeks to take over a 335. U will have to go notary office and DMV ( DEPARTMENT OF MOTOR VEHICLE ) for the new registration and thats it.
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