"driz" > wrote in message
oups.com...
> Hi,
> If any of you have experience doing lease transfers can you share it
> with me please? I have a 11 month old 325i, leased from BMW financial
> services. I've got 2 yrs and 32K miles left. But there are some changes
> in my lifestyle that require me to end the lease.
>
> I checked the websites www.leasetrader.com and www.swapalease.com . Has
> anyone done any business with them and can share your experiences?
>
> Also, i hear (from an old 1999 posting) that according to the BMW
> financial's terms, the original lessee is responsible for any payment
> and damages to the car even after the lease transfer. Is this really
> true?
>
> thank you.
> -Driz

My lease trasnfer experience is GM but same rules should apply. Get the
buyout price for your lease. Advertise the car privately. If you can get
more than the buyout price for it, the dealer sells it to your party at the
price you negotiated and cuts you a cheque for the difference. If you get
less, you must top it up to the difference to complete the sale. Title
passes from the dealer (finance company) that holds it, to the new buyer.
It's never in your name.

-Russ.