BMW
X7 and XM
forum
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums General BMW News and Cars Discussion Getting approved for lease transfer/ assumption

Post Reply
 
Thread Tools Search this Thread
      05-11-2015, 01:15 AM   #1
beefbowl
Registered
United_States
3
Rep
2
Posts

Drives: 2014 M6 Gran Coupe
Join Date: Apr 2015
Location: Southern California

iTrader: (0)

Getting approved for lease transfer/ assumption

I have not been able to find a clear answer on this matter. While maybe the answer is purely common sense, when assuming a lease, does BMW Financial approve the assumption based on what is left in the lease? For example, say the MSRP is 115k, 23mo left to go at 1200 = approximately $27,600 you will be required to pay over X amount of months. Or does the actual MSRP come into play when deciding whether or not your income/credit score etc meets BMW’s requirements. Or maybe none of the above..

So are you essentially getting qualified for, in my example 27k, or am I way off base here?

I’ve heard some say you must make more per year than to MSRP to qualify regardless of what amount your “borrowing,” others state you must make more than the original lessee regardless …

And has anyone had any experience applying through their application online, can you go to a BMW center and apply in person for transfers?

If anyone can shed some light on this it would be much appreciated.
Appreciate 0
      05-11-2015, 09:03 AM   #2
smithf80
Major General
smithf80's Avatar
United_States
2794
Rep
5,313
Posts

Drives: G80 M3 6MT
Join Date: Mar 2014
Location: Long Island, NY

iTrader: (1)

Garage List
2022 G20 330i  [9.00]
2018 F80 M3  [9.75]
Just put in the application. The decision usually comes back in less time then it will take for you to get a reply to this post.

It would make sense that you would only need to be approved for the actual line of credit for the amount you would owe.
__________________
Appreciate 0
Post Reply

Bookmarks

Tags
assumption, bmw, lease, transfer

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 05:36 AM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST