Originally Posted by o2pb
I got a 328xi that I leased in august 2007. Now I want the 2008 335xi. Would they let me trade it in, if I wanna sign a new lease contract for a new car?
Getting out of leased car so soon is harder. Anything is possible, but here is the basic idea.
A) Evaluate the current trade in value of a 2007 328xi with your current mileage. Say value TI
B) Find out from BMW Finance, what the current "buyout" is. It is basically the final purchase price minus the payments you've made so far. Say value BU
C) So, the amount you owe BMW Finance to get out is BU - TI - $500
(transfer fee). Most often, BU-TI –500 would yield a negative value, meaning, you owe them.
Now the fun part. If you are buying a new 2008 335i from the same dealer, you could try to get the dealer to eat the negative value. It all depends on your numbers and your lease.
Don't let them roll the negative value into your new car lease, which they will try to do. Be very careful of that!
You basically want a discount close to what you would owe, and you should know what a 335i would cost to lease straight up.