Year: 2010
Make: BMW
Model: X5
Price: $1
Mileage: 1800
Color: Monte Carlo Blue
Private or Dealer Listing: Private Listing
Location (State): NY
Transmission: Automatic
Drivetrain: 4WD & AWD

guys
ive gotten several PMs offering a trade
the only car i'de trade this for is a g55 mercedes
if you have one and want an x5m, pm me

 

thanks for looking guys
car is on swap a lease

 

This sold or no ???

 

What would I have to do to get the lease switched into my name?

 

cant believe this has not sold yet Steve....someone should really jump on this

 

Please send me a message regarding what I would have to do to swap the lease. I own a business where I do paint sidework and am unsure of the needed qualifications to take over the lease. I would love to take it over if there is a possibility.

 

You would have to apply with BMW financial services. You can call them and do the app over the phone. You need a good credit history to qualify.

 

megatoninduk
call me 917 379 8875

i sweetened the deal... 29 months left on the lease...
$11k total goes to the next owner of this thing

 

 

In NYS, sales tax on leases are charged up front. Unlike in NJ, sales tax can be charged monthly.

So if this lease includes sales tax, that means at up front, the sales tax was rolled into the lease and the money factor was applied on it. In essence, "interest" is being charged on the sales tax.

I think PasPar2 raises a valid point on the sales tax that definitely needs to be looked into.

If a BMWFS lease is transferred (btw, there's a transfer fee with BMWFS), BMWFS simply doesn't just transfer the lease to the new lessee.

BMWFS takes the remaining balance of the "old" lease and uses that amount to re-calculate the "new" lease and then charges sales tax on that. The "new" lease then "pays off" the "old" lease.

Again, I think this is what PasPar2 is referring to when sales tax is charged again and the months into the lease bears no affect on this.

However, for what STEVE KOJASEVIC is offering ($11k + $750 at lease end), makes the "adjusted" lease payment a great deal.

 

Why does NY charge the tax up front? That's horrible! They don't even do that in CA! I transferred a Z4M Coupe lease to someone through BMW Financial Services a few years ago, and the process was extremely easy.

 

 

Q. How are sales taxes applied to leases?
A. Sales tax laws can be quite different between states and localities. Most states simply apply the local sales tax rate to each monthly lease payment. Others want the tax paid up front, based on the value of the vehilce or the sum of all monthly payments. See Lease Fees and Taxes for more details.
http://www.leaseguide.com/faqs.htm


The overall process with BMWFS is easy.
But the new leasee still has to go through the "application/credit check" process with BMWFS.
I merely explained the "backroom" operation.

 

Congrats

 

Sold yet?