how do i sell if i have bmw select?

premedsoccergod · 09-09-2010, 12:21 PM

can the person take over my contract or no since it was specifically designed for me based on credit scores and down payment? or do i just have to sell them the car at kbb private value price?

KingOfJericho · 09-09-2010, 12:49 PM

It's probably faster and more reliable to call BMWFS...

new2the3 · 09-09-2010, 01:13 PM

Give BMW FS your remaining monthly payments + your lump sum = car sold. If your selling your car for less then that amount then you will have to come up with the difference.

cvandenhaute · 09-09-2010, 02:22 PM

I would certainly not try to transfer a lease contract without being 100% sure that the person takes the full liability. Depending the lease company (I am not sure for BMW) some allow you to fully transfer your lease, some still hold you accountable. I was in such a situation with my VW R32, I wanted to exit my lease sooner for buying my 128i. I tried swapalease.com but did not follow this since VW finance was not allowing me to get rid of the full responsability. I ended up negociating a price for the trade in very close to my buyoff price (the price I owed the lease company including taxes for buying the car before end of contract), that was possible since I was only 6 months away from the end of the contract and the figures were playing well.

premedsoccergod · 09-09-2010, 04:45 PM

thanks for the input. i called BMWFS and they told me someone can either refinance my car or i need to sell it in full and send bmw the check and get the pink slip.

09-09-2010, 12:21 PM	#1
premedsoccergod Private First Class 14 Rep 118 Posts Drives: 135 Join Date: Apr 2009 Location: southern california iTrader: (0)	how do i sell if i have bmw select? can the person take over my contract or no since it was specifically designed for me based on credit scores and down payment? or do i just have to sell them the car at kbb private value price?
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09-09-2010, 12:49 PM	#2
KingOfJericho Major General 2452 Rep 7,341 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	It's probably faster and more reliable to call BMWFS... __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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09-09-2010, 01:13 PM	#3
new2the3 Colonel 380 Rep 2,067 Posts Drives: 2020 X3M Competition Join Date: Jun 2006 Location: San Diego iTrader: (0)	Give BMW FS your remaining monthly payments + your lump sum = car sold. If your selling your car for less then that amount then you will have to come up with the difference. __________________ 2020 X3MC 2009 135i: AW/CR Aluminum Trim, 6 speed, M-Sport, Premium, Heated Seats, Ipod, BMW Performance Pedals, BMW Performance SSK, BMW Performance Exhaust, BMW Performance Grills E93 M3 FSB
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09-09-2010, 02:22 PM	#4
cvandenhaute First Lieutenant 19 Rep 370 Posts Drives: '11 BMW 128i, '19 Genesis G70 Join Date: May 2010 Location: Nashville, TN iTrader: (0)	I would certainly not try to transfer a lease contract without being 100% sure that the person takes the full liability. Depending the lease company (I am not sure for BMW) some allow you to fully transfer your lease, some still hold you accountable. I was in such a situation with my VW R32, I wanted to exit my lease sooner for buying my 128i. I tried swapalease.com but did not follow this since VW finance was not allowing me to get rid of the full responsability. I ended up negociating a price for the trade in very close to my buyoff price (the price I owed the lease company including taxes for buying the car before end of contract), that was possible since I was only 6 months away from the end of the contract and the figures were playing well. __________________ 128i manual, AW, Boston Terra Leather, Sport package, Premium Package, Cold Weather Package, HK sound
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09-09-2010, 04:45 PM	#5
premedsoccergod Private First Class 14 Rep 118 Posts Drives: 135 Join Date: Apr 2009 Location: southern california iTrader: (0)	thanks for the input. i called BMWFS and they told me someone can either refinance my car or i need to sell it in full and send bmw the check and get the pink slip.
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