[SpeedyATL]

So, I'm waiting for my car which is sitting at the factory in Germany and has been since 12/17/21. My current lease ended on Aug 24, 2021 Using the automatic extension periods it was extended until 2/24/22.

Now I am looking at having to "re-lease" my car as I wait on my new convertible.

Does anyone here have any experience with re-leasing while you wait for a new car? My quoted monthly rate is a 61% increase of my current lease rate (but I have a unicorn level deal on my 2019 440GC - sub-$250/mon) so overall I'm not too disappointed.

This was explained to me as a 12 month extension with an "early out". They are sending me paperwork, but I'm curious if anyone here has gone this route while you wait for a car.

If so, is there any obligation that you actually have to buy the car you are waiting on or can you simply keep the old car for the entire 12 mon. Or if you decline the incoming car but find something else (new/used/bmw/non-bmw) that fits the bill after maybe 6-9 month, can you simply exit the re-lease with no penalties?

The devil is always in the details....