I leased a brand new Bmw X7 after trading my Honda CRV for $20k. I dont know what i was thinking. Its been 3 months but now I want to get out and get a Honda back. Is there a way out? TC:210k
No. There is no reversing this. Not in any way. Signing contracts have consequences.
What a terrible take. You can transfer BMW leases to other people on websites such as swapalease. You can buy out the car and sell it.
They will likely lose money and swap leasing isn’t as easy as people make it out to me. The best answer is no. Some of you think every thing in life is completely changeable. It’s really not. If you want to spend time trying all these things, sure, but I speak from experience. Also lease swap only works if you literally want to swap for another lease and the stars align for the two people. Hence the name. Lease. Swap.
It's fine just enjoy it
Buy out lease and buy the car Sell it in open market and exit
See if Carvana/Car max will purchase the car from you. If not you’re pretty much stuck
He doesn’t own the car. You’re advising him to sell a car that he doesn’t own?
Yes no shit, that’s why I’m wondering why this guy is advising OP to sell to a third party.
You can try transferring the lease to someone. You’re going to lose money either way, the question is whether you’ll lose more or less money by selling the lease than by keeping the lease. Usually you’ll have to throw in an incentive of some kind (like a few grand cash). Check out swapalease.com
Ok thanks. Didnt know abt this
How much are you paying for the lease
Lease X7? Lol! Why would you lease it? I understand finance… but leasing X7 is a joke. Anyways, try swap a lease dot com
> Because BMW has the most competitive rates in the industry No. BMW leases are terrible. > Leasing is a great option to not have the bottom fall out under the residual value. Yea, that makes sense.
Actually he made the smart decision to lease the X7. Just replacing the oil cap on those is like $1k
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Why is that ? Don’t you like your new car ?
I like it but feels like waste of money. I was equally happy with my Honda.
The lesson you have learned is worth every penny you’re spending.