Leaving the country

ATSR · 08-15-2008, 08:27 PM

Hey everyone,

There is a very high possibility that I will be leaving the US for good before the end of the year (work related). My car is leased (3yrs starting Dec '07), so I was wondering if there is anything that I can do to get out of the lease without doing any of the following:

1. Paying off my car. I just don't have 45K laying around.

2. Getting my car repossesed by BMW FS, screw up my credit and feel like a delincuent son of a b****. Even though if I leave the US I doubt that I will ever come back due to my non-resident and non-citizen status. Main problem about this option is that it goes COMPLETELY against the way I do things and the way I think.

This might be a stupid question but you guys might know if there is anything that I can do

As always, your feedback is GREATLY appreciated

Thanks!

Tag · 08-15-2008, 08:30 PM

You can break out of a lease. You will be fined but it's not like you have to pay off the whole car.

Kit523 · 08-15-2008, 08:33 PM

see if anybody is willing to take over ur lease?

JSpira · 08-15-2008, 08:36 PM

Quote:

Originally Posted by tag824

You can break out of a lease. You will be fined but it's not like you have to pay off the whole car.

No but he has to pay all of the remaining payments on the lease.

Not the whole car but quite a bit of it.

JSpira · 08-15-2008, 08:37 PM

Quote:

Originally Posted by alejotrujillo

This might be a stupid question but you guys might know if there is anything that I can do

As always, your feedback is GREATLY appreciated

Thanks!

Look into the Web sites such as swapalease.com which help people in your and similar circumstances find someone to take over the lease.

montreal red · 08-16-2008, 12:32 AM

just google lease transfer and you'll have a ton of websites where you can advertise for people to take over your lease... i am breaking my lease because i will be taking delivery of an M3 later this year ... so i am offering an incentive for someone that takes over my lease.

Arustik1 · 08-16-2008, 01:08 AM

You can go to a dealer and have them give you trade in for it...then use that to pay your payoff and you pay the difference....or list it

simpleE92 · 08-16-2008, 01:13 AM

lease take over or sell the car outright. op good luck

PaulBailey@ltbmw · 08-16-2008, 03:06 AM

lease takeover FTW

John 070 · 08-16-2008, 06:26 AM

BMWFS < USCIS

I'd offer to return the vehicle. If they don't want it, that's their problem. If you're not coming back, what's to worry about with credit history?

Arustik1 · 08-16-2008, 11:43 AM

Quote:

Originally Posted by John 070

BMWFS < USCIS

I'd offer to return the vehicle. If they don't want it, that's their problem. If you're not coming back, what's to worry about with credit history?

Good point my man +1

Revlis · 08-16-2008, 12:45 PM

Quote:

Originally Posted by John 070

BMWFS < USCIS

I'd offer to return the vehicle. If they don't want it, that's their problem. If you're not coming back, what's to worry about with credit history?

Quote:

Originally Posted by Arustik1

Good point my man +1

Yeah, Normally I'm a STAND UP AND DO THE RIGHT THING kinda guy in every regard. But in this case, seriously it kinda makes sense to just drop it off at the dealership, let em' know why you're doing so. And simply walk away...

No SSN, No Citizen status, No worries... You're breaking a long term rental agreement basically, so it's not as if you are damaging, stealing, or really trying to get something for nothing.

So yeah, Sack up, hand over your keys with an apology and call it good in this case.

StoneCold · 08-16-2008, 02:31 PM

1, Have someone take over the lease.
2, Sell it at Private Party.
3, Come up with some cash and offer that to the Stealer.
4, Like he said.

"Yeah, Normally I'm a STAND UP AND DO THE RIGHT THING kinda guy in every regard. But in this case, seriously it kinda makes sense to just drop it off at the dealership, let em' know why you're doing so. And simply walk away...

No SSN, No Citizen status, No worries... You're breaking a long term rental agreement basically, so it's not as if you are damaging, stealing, or really trying to get something for nothing.

So yeah, Sack up, hand over your keys with an apology and call it good in this case."

ATSR · 08-16-2008, 06:39 PM

THANK YOU VERY MUCH for all the great advice guys!!!!!!!!!!!

I will try as much as I can to do the lease takeover thing and if doesn't work then I guess I will just have to drop it off at the dealer.

I really appreciate all the advise. Thanks again!

ATSR · 08-16-2008, 06:40 PM

Quote:

Originally Posted by Revlis

No SSN, No Citizen status, No worries...

I do have a SSN though...

bimmerj · 08-16-2008, 07:53 PM

Quote:

Originally Posted by alejotrujillo

I do have a SSN though...

Just sell the car or transfer the lease. I think you posted this because you have integrity and if you left, even though you will never come back it will bother you for sometime.

methodtim · 08-16-2008, 09:25 PM

If I was you, I would try my best to get rid of a car in a legitimate manner (swapping the lease, paying the dealer fee, etc.). You mentioned that you're leaving the country for good due to work; however, how do you really know it's forever? Jobs come and go. I mean, unless you're an international man of mystery or something like that, how do you know that you won't be back in a year? You don't want to get into a credit mess thinking that you'll be gone FOREVER only to come back and not be able to get financing on another car.

to_riffic · 08-16-2008, 11:40 PM

work related? r u in the army and gettin deployed?

edit: "for good" wait, sorry to hear u're leaving....

shocka1212 · 08-17-2008, 12:37 AM

how much is your lease payment?

ATSR · 08-17-2008, 09:24 AM

Quote:

Originally Posted by shocka1212

how much is your lease payment?

$873 with taxes included, 36 months, 15K a year and the car currently has 7200 miles. Lease started Dec. 26th '07

ATSR · 08-17-2008, 09:27 AM

Quote:

Originally Posted by methodtim

If I was you, I would try my best to get rid of a car in a legitimate manner (swapping the lease, paying the dealer fee, etc.). You mentioned that you're leaving the country for good due to work; however, how do you really know it's forever? Jobs come and go. I mean, unless you're an international man of mystery or something like that, how do you know that you won't be back in a year? You don't want to get into a credit mess thinking that you'll be gone FOREVER only to come back and not be able to get financing on another car.

I agree with you 100%. The only thing is that if I do end up leaving it is going to be for AT LEAST 3-4 years and due to my non-resident and non-citizen status, coming back will be EXTREMELY difficult.

CFM3 · 08-17-2008, 09:58 AM

I would contact the company and ask. I have friends that have left for work related reasons for 6mo-1years and the companies have let them out of the lease. They actually came and picked up the car too which made the return that much easier.

08-15-2008, 08:27 PM	#1
ATSR Captain 43 Rep 852 Posts Drives: 1977 Honda Civic Join Date: Mar 2008 Location: Wellington, FL iTrader: (0)	Leaving the country - Out of Lease??? Hey everyone, There is a very high possibility that I will be leaving the US for good before the end of the year (work related). My car is leased (3yrs starting Dec '07), so I was wondering if there is anything that I can do to get out of the lease without doing any of the following: 1. Paying off my car. I just don't have 45K laying around. 2. Getting my car repossesed by BMW FS, screw up my credit and feel like a delincuent son of a b****. Even though if I leave the US I doubt that I will ever come back due to my non-resident and non-citizen status. Main problem about this option is that it goes COMPLETELY against the way I do things and the way I think. This might be a stupid question but you guys might know if there is anything that I can do As always, your feedback is GREATLY appreciated Thanks!
	Appreciate 0 Tweet Quote

08-15-2008, 08:30 PM	#2
Tag this is the way 18151 Rep 8,527 Posts Drives: N-1 starfighter Join Date: Jan 2007 Location: Chicago iTrader: (3)	You can break out of a lease. You will be fined but it's not like you have to pay off the whole car.
	Appreciate 0 Quote

08-15-2008, 08:33 PM	#3
Kit523 Major General 375 Rep 7,076 Posts Drives: F80 M3/FK8/C63S Join Date: Feb 2006 Location: B.C. Vancouver iTrader: (27)	see if anybody is willing to take over ur lease?
	Appreciate 0 Quote

08-16-2008, 12:32 AM	#6
montreal red chris 278 Rep 12,144 Posts Drives: White Boat Join Date: Jun 2007 Location: Toronto iTrader: (31)	just google lease transfer and you'll have a ton of websites where you can advertise for people to take over your lease... i am breaking my lease because i will be taking delivery of an M3 later this year ... so i am offering an incentive for someone that takes over my lease. __________________ Current: 2013 F10 M5 & 2016 Mini JCW 2013 GLK350 (gone), 997.1 GT3RS (gone), 2009 WRX STI (gone), e92 M3 (gone)
	Appreciate 0 Quote

08-16-2008, 01:08 AM	#7
Arustik1 HYEPWR 100 Rep 2,868 Posts Drives: E46 M3 Join Date: Oct 2007 Location: Mesa, AZ iTrader: (3) Garage List 2007 E92 335i [0.00]	You can go to a dealer and have them give you trade in for it...then use that to pay your payoff and you pay the difference....or list it __________________ 2002 330ci Titanium Silver / Gray 2005 X5 3.0i Black Sapphire Metallic / Black 2002 M3 Laguna Seca Blue / Black 2001 M5 Jet Black / Black
	Appreciate 0 Quote

08-16-2008, 01:13 AM	#8
simpleE92 Captain 48 Rep 741 Posts Drives: e92 Join Date: Jan 2008 Location: norcal iTrader: (2)	lease take over or sell the car outright. op good luck __________________ 20x10 and 20x8.5 / 285-245 / et 35 all around / rear fenders rolled / 6000k hid headlights / 6000k hid fog lights / GP Thunder cornering lights / Mtec Super White angel eyes / full led interior / led plate lights / h&r sport spings / 2-10 inch kicker L7 / kicker 1500x2 amp / kicker 1000x4 /full dynamat trunk/5% tints all around / ACS Style Roof Spoiler / carbon fiber roundel overlays / led plate lights/ more to come........
	Appreciate 0 Quote

08-16-2008, 03:06 AM	#9
PaulBailey@ltbmw General 663 Rep 26,878 Posts Drives: 2-325 330 2-335 2-Z4 2-135 X5d Join Date: Mar 2007 Location: Huntington Beach, CA iTrader: (34) Garage List 2008 BMW 335i E90 [7.00] 2011 BMW 335i E92 [7.96]	lease takeover FTW
	Appreciate 0 Quote

08-16-2008, 06:26 AM	#10
John 070 Lieutenant General 1705 Rep 14,829 Posts Drives: 335i cpe Join Date: Oct 2006 Location: ZSP/ZPP/ZCW iTrader: (0)	BMWFS < USCIS I'd offer to return the vehicle. If they don't want it, that's their problem. If you're not coming back, what's to worry about with credit history?
	Appreciate 0 Quote

08-16-2008, 02:31 PM	#13
StoneCold Captain 13 Rep 623 Posts Drives: BMW 2008 328i Coupe, Pro 02/08 Join Date: Mar 2008 Location: Vancouver, WA iTrader: (1)	1, Have someone take over the lease. 2, Sell it at Private Party. 3, Come up with some cash and offer that to the Stealer. 4, Like he said. "Yeah, Normally I'm a STAND UP AND DO THE RIGHT THING kinda guy in every regard. But in this case, seriously it kinda makes sense to just drop it off at the dealership, let em' know why you're doing so. And simply walk away... No SSN, No Citizen status, No worries... You're breaking a long term rental agreement basically, so it's not as if you are damaging, stealing, or really trying to get something for nothing. So yeah, Sack up, hand over your keys with an apology and call it good in this case."
	Appreciate 0 Quote

08-16-2008, 06:39 PM	#14
ATSR Captain 43 Rep 852 Posts Drives: 1977 Honda Civic Join Date: Mar 2008 Location: Wellington, FL iTrader: (0)	THANK YOU VERY MUCH for all the great advice guys!!!!!!!!!!! I will try as much as I can to do the lease takeover thing and if doesn't work then I guess I will just have to drop it off at the dealer. I really appreciate all the advise. Thanks again!
	Appreciate 0 Quote

08-16-2008, 09:25 PM	#17
methodtim Brigadier General 374 Rep 3,883 Posts Drives: Audi RS Q8 Join Date: Mar 2007 Location: Darkness there, and nothing more iTrader: (0) Garage List 2021 Audi RS Q8 [0.00] 2021 BMW X3 M40i [0.00] 2017 Toyota Tacoma [0.00]	If I was you, I would try my best to get rid of a car in a legitimate manner (swapping the lease, paying the dealer fee, etc.). You mentioned that you're leaving the country for good due to work; however, how do you really know it's forever? Jobs come and go. I mean, unless you're an international man of mystery or something like that, how do you know that you won't be back in a year? You don't want to get into a credit mess thinking that you'll be gone FOREVER only to come back and not be able to get financing on another car. __________________
	Appreciate 0 Quote

08-16-2008, 11:40 PM	#18
to_riffic Lieutenant General 3024 Rep 13,763 Posts Drives: rwd Join Date: Feb 2008 Location: SoCal iTrader: (38)	work related? r u in the army and gettin deployed? edit: "for good" wait, sorry to hear u're leaving.... __________________ ~loud noises~
	Appreciate 0 Quote

08-17-2008, 12:37 AM	#19
shocka1212 Philanthropist 28 Rep 1,054 Posts Drives: e92 Join Date: Jan 2006 Location: NJ iTrader: (1)	how much is your lease payment? __________________ "Where is your sense of adventure guys? If we don't cut in and out of traffic we will disappoint all those who think BMW drivers are all a**holes." The 2011 3-Series coupe offering the infamous "Harmon Kardon Badging"
	Appreciate 0 Quote

08-17-2008, 09:58 AM	#22
CFM3 Second Lieutenant 57 Rep 291 Posts Drives: M6 Join Date: Jul 2008 Location: ATL iTrader: (3)	I would contact the company and ask. I have friends that have left for work related reasons for 6mo-1years and the companies have let them out of the lease. They actually came and picked up the car too which made the return that much easier.
	Appreciate 0 Quote