[Wmzorba09]

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I currently have about 20 months remaining on my M340 lease. Let's say I wanted to get into an M3 - would Bmw allow me to void my M340 lease to sign a new 36 month lease on an M3?

[EXE46]

Hmm, nothing is free you could try swap a lease. if i were you i would wait before buying an M3. No reviews yet, discounts are nil, lease price as much as an M5C. I will wait until my lease ends next year summer before I commit. By then all kinks should be worked out, pricing should be better since I would be getting a 3rd year model.

[Wmzorba09]

Originally Posted by EXE46

Hmm, nothing is free you could try swap a lease. if i were you i would wait before buying an M3. No reviews yet, discounts are nil, lease price as much as an M5C. I will wait until my lease ends next year summer before I commit. By then all kinks should be worked out, pricing should be better since I would be getting a 3rd year model.

Well technically Bmw would be getting a new, reset lease commitment from me - amounting to about 16 more months of lease payments.

Yea, waiting makes most sense from a financial perspective. I leased my current m340 relatively early and got very little by way of discounts, etc. would have gotten a much better deal had i waited a bit.

[Burrcold]

They won't "void" your lease. They will take the lease as trade, and apply any of the negative equity to your new lease and try to "roll it in".

[Wmzorba09]

Originally Posted by Burrcold

They won't "void" your lease. They will take the lease as trade, and apply any of the negative equity to your new lease and try to "roll it in".

That sounds like a horrible deal

[Burrcold]

Originally Posted by Wmzorba09

That sounds like a horrible deal

Unfortunately that's how it is, horrible or not. Or they will take the remaining payments and roll those in. Either way it's bad. That's why people end up upside down so often. You can offset some of the negative equity by negotiating down on the M3, but I doubt that they will be willing to move much especially when they have you on a committed lease already.

[chenry]

Originally Posted by Wmzorba09

I currently have about 20 months remaining on my M340 lease. Let's say I wanted to get into an M3 - would Bmw allow me to void my M340 lease to sign a new 36 month lease on an M3?

Your best option IMHO, if your payment is reasonable, is to simply find someone to assume your lease. Walk away and lease that beautiful new M3

[Wmzorba09]

Originally Posted by chenry

Your best option IMHO, if your payment is reasonable, is to simply find someone to assume your lease. Walk away and lease that beautiful new M3

My payment is not reasonable. I could probably get into an M3 for nearly a couple hundred more a month. Guess I'll wait it out.

[chenry]

Originally Posted by Wmzorba09

My payment is not reasonable. I could probably get into an M3 for nearly a couple hundred more a month. Guess I'll wait it out.

Hmmm bummer only other (financially reasonable) option would likely be to see what your current payoff is and determine if it is even close to what a private party may be willing to buy the car for. This is a bit of a long shot but worth taking a couple minutes to look into.

And if the aforementioned is not an option - I suppose an M340 is not a bad place to be stuck. With only 20 months to go you'll likely be able to get out of your lease a month or two early. So you're about 18 months off

I personally think that's a pretty good position to be in, you'll be able to let the market cool a bit on the M3 while you enjoy your M340 a while longer, and more options and variations will be out in year two. If you are going to order you really are only a little over a year away from when you can start to look at build sheets for the 2022's

For now perhaps flash the M340...to keep things interesting (trust me it's fun)

[TTG]

You can technically "trade" it in. They will give you its trade-in amount and you will have to pay the difference in what you owe / pay off on the lease is.

And unless they do something on the front end of those cars, I would never consider one. Otherwise, I am a big fan of what they have done with the new M3/4 cars.

[Wmzorba09]

Originally Posted by chenry

Hmmm bummer only other (financially reasonable) option would likely be to see what your current payoff is and determine if it is even close to what a private party may be willing to buy the car for. This is a bit of a long shot but worth taking a couple minutes to look into.

And if the aforementioned is not an option - I suppose an M340 is not a bad place to be stuck. With only 20 months to go you'll likely be able to get out of your lease a month or two early. So you're about 18 months off

I personally think that's a pretty good position to be in, you'll be able to let the market cool a bit on the M3 while you enjoy your M340 a while longer, and more options and variations will be out in year two. If you are going to order you really are only a little over a year away from when you can start to look at build sheets for the 2022's

For now perhaps flash the M340...to keep things interesting (trust me it's fun)

Agreed

[premier3is]

Originally Posted by Wmzorba09

That sounds like a horrible deal

That's how it is..... you can't just get into a new lease and "void" the current one since you decided to get another BMW...

[Wmzorba09]

Originally Posted by premier3is

That's how it is..... you can't just get into a new lease and "void" the current one since you decided to get another BMW...

You're actually, and technically wrong. Sure I could. If I wanted to pay the price.

[premier3is]

Originally Posted by Wmzorba09

You're actually, and technically wrong. Sure I could. If I wanted to pay the price.

That wasn't your question bud.. no shit you can do that, pay off the remaining amount left on your lease or roll over the negative equity with you onto the m3...

And your original question did ask "would bmw allow you to void your lease"... you realize void and payoff is two totally different things right?

[TruthOne]

Pretty sure they will start off leasing these things for no less than $1200 a month. Not worth it . You should wait as mentioned already

[Wmzorba09]

Originally Posted by premier3is

That wasn't your question bud.. no shit you can do that, pay off the remaining amount left on your lease or roll over the negative equity with you onto the m3...

And your original question did ask "would bmw allow you to void your lease"... you realize void and payoff is two totally different things right?

I am NOT your "bud". That was NOT my original question. I did NOT use the term "payoff" - you did.

"Payoff" is a transaction made to conclude/settle a financial, legal obligation. "Void" seems to be the space between your ears.

A contract (lease) is "Void" when it no longer has force or effect. I could absolutely pay "a" price to void my existing lease obligation, in exchange for a different lease obligation, with without "paying off" (your term) the balance owed on the first lease.

You are confusing "null" with "void", and "pay" with "payoff".

[eforty6_m3]

Originally Posted by Wmzorba09

I am NOT your "bud". That was NOT my original question. I did NOT use the term "payoff" - you did.

"Payoff" is a transaction made to conclude/settle a financial, legal obligation. "Void" seems to be the space between your ears.

A contract (lease) is "Void" when it no longer has force or effect. I could absolutely pay "a" price to void my existing lease obligation, in exchange for a different lease obligation, with without "paying off" (your term) the balance owed on the first lease.

You are confusing "null" with "void", and "pay" with "payoff".

Yikes. People here are just trying to help you out with the question/situation you posed, so I'd maybe refrain from attacking said individuals.

[randybobandy]

They will definitely let you void your lease. I just did it with my X3. I got tired of the color after about three weeks, so I called my salesman and told him what happened. They voided my lease and told me to come down and grab a new M340. The only problem with this car is fart smells...every single time I sit down, the seat releases old fart dust back into the air. I’ve tried everything from air fresheners to exorcisms. Nothing...now, after speaking with the shop foreman, we are going to wait and see if it is dietary-holiday related. If the problem persists, I am going to void this lease and see if they still have a new M5C for $500 a month.

Keep me posted on what your dealership says.

[Sight22]

This is what you do...Go to the dealership and explain you want to get out of your current lease and get the new M3. Put your credit card on the desk. Unbuckle your belt and pull down your pants. Bend over. Ride the wave baby.

[ArchJR]

The short answer to the OP is no, which many others have been quick to point out. I think confusion arises because consumers tend to think of the dealer, manufacturer, and financial services as a single entity even though we all know they are not. The dealer administers the BMW FS contract, but has no authority to modify it. BMW FS enforces its contract, and has no incentive or mechanism to void it. BMW NA is not involved in the transaction.

Dealers capitalize on a misconception that leases are flexible contracts and customers of course want to believe this. (Not intended as a commentary on the OP.) The only real "flexibility" is when a car is worth more than it's residual value and the dealer has an incentive to buy it out. That happens with Lexus and Honda, not with BMW.

Lenders capitalize on those customers least suited to fulfill lease contracts. A customer's inability to pay, mileage overage, rolled in negative equity, or just his compulsion to have the latest shiny object all equate to pure profit for the lender. I for one am grateful for those customers, for without them there may be no 10% off + base money factor leases for the rest of us.