[Saosin17]

ok, here's the deal. the lease on my escalade ran out in november... when they were still toying with the idea of a z4 coupe, but no official. i went with a new 330. now, that it is real and in production, and i love the looks of the thing, im toying with the idea of the possibility of somehow transferring a lease, or endign the lease on the 330 early (without having to pay the rest of the time or buy out) if im switching to a z4, same dealer, same sales rep. because i would be going for another bmw, more expensive... would this be possible guys??

[BMW F22]

I dont think they would let you do that. They make more money by making you keep the 330.

[Saosin17]

even though they would be getting more monthly payments and higher priced payments out of me???

[lilpakiplaya034]

i just had the same problem......i had a 04 x5 leasesd and wanted out early to lease a 330 same dealer same salesman....i had a little over a year left on my x5 and its bluebook value was 31k.....i still owed 35 on the lease.....thats 4k that i owed......the bmw dealer ate lots of those payments.......and got me into a brand new 330 wit no penalty fee.......if u have ne more questions feel free to ask

[BMW F22]

yup. think about it like this: they make u keep the lease, they get money from the 330. WHen ur lease is up and u lease a Z4, they'll get even more money from it. You're in a situation they call "upside down". This means you still owe money from your current car but wanna trade up for another one. You should look for someone to take over the lease. THe best bet is to sell the car yourself and pay off whatever the lease is.

[BitStream]

Just did this myself.

Bought my last car out, sold it on my own. Ended up ok. Otherwise had I traded it in to lease the 330 I would've owed about 4k.

When your calculating your buyout, make sure to get an actual figure from the leasing company. Simply calculating months remaining x payment doesn't always work.

Good luck!

[findtom]

Originally Posted by BMWE90

yup. think about it like this: they make u keep the lease, they get money from the 330. WHen ur lease is up and u lease a Z4, they'll get even more money from it. You're in a situation they call "upside down". This means you still owe money from your current car but wanna trade up for another one. You should look for someone to take over the lease. THe best bet is to sell the car yourself and pay off whatever the lease is.

Being upside down on a loan is when what you owe on something exceeds its current value.

For example you purchased a car for $40,000 and 3 years later you still owe $30,000 but the car is worth $25,000. That would mean you have $5000 of negative equity and are "upside down" on the loan. This can also happen with houses if the market dips. You make a 10% down payment on a home and its value suddenly decreases by more than 10% so that the mortgage amount (loan) exceeds the value of the house (asset).

Maybe some finance genius will correct me, but this term wouldn't apply on a lease since you don't own the asset and as such you don't have any positive equity to turn upside down.

Sorry for the .