Lease Takeover: 2017 BMW X5 x35i M Sport

[nomoracin]

BIMMERPOST / Classifieds

Asking Price:

USD 960.00

Item Interest

6 months remaining
$960 /mo
Contract End Date: Sept 19, 2020
Total Allowed Miles: 34,902
Current Miles: approx 31,500
Residual Value: $41,125.60
Disposition Fee: $350
Total Lease Payoff: $47,107.68

Packages:
Cold Weather
Driving Assistance
M Sport
Premium
3rd Row Seating

Extras:
Mperformance CF Front Lip Spoiler
Mperformance Exhaust
Mperformance Power Kit
Ceramic Coat
Tint

Negotiable

[P1]

Slap some 21s, black grill and LED headlights on there and you have a FRESH ride!

[nomoracin]

Bump

[nomoracin]

It doesn't seem like anyone's interested...may I get some feedback please? Is this just not a good deal? I'm negotiable.

[menelaos]

In all honestly, I am not sure you will find anybody to pick up a 6-month lease, then ask him to buy at the original residual when the bottom is falling on these cars, sadly.
Better off return early if you absolutely don't need it and save potential wear and tear charges.

[RED_Y_]

Its not a bad deal but its not a great deal. In my opinion just not worth the trouble of assuming the lease for 6 months and then buy it out at residual, my local dealer has similar-optioned car CPO with similar mileage for $39998
https://www.peterpanbmw.com/inventor...kr0c31h0v81118
or there is one with more options for $43000
https://cpo.bmwusa.com/certified/201...KR0C38H0V68995
So even with MPPK and all the extras it is just faster and easier to buy a CPO right away.

[P1]

I never got the whole “no incentive” for assuming someone’s lease. Just like you sell a used vehicle for less than you bought it new for, same should apply to a “used” lease.

[nomoracin]

Originally Posted by P1et

I never got the whole "no incentive" for assuming someone's lease. Just like you sell a used vehicle for less than you bought it new for, same should apply to a "used" lease.

My initial incentives are the extra M performance items, but I left it open for additional negotiations.

I'm open to anything, but it has to make sense for me as well. For example, my remaining payments equal $5760, so I wouldn't be willing to offer anything over that.

[Fastestcolor]

Residual is too high for that kind of mileage for someone looking to buy. That’s good for you on a lease you’re looking to turn in but not good for a buyer. I paid $42k for a nearly identical 2017 X5 with 19,000 miles on it. Good news is you probably got a good lease IMO. Dealer will probably lose money on the resell unless they really stick it to someone.

I’d say ride it out knowing you got a good deal but if you desperately need out of it for cash flow reasons then offer a steep discount on the remainder of the lease. You may find someone just looking for 6 mo of fun but it would be hard to make those numbers work even steeply discounted for the next 6 mo for someone that wants to buy it out.