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Marketplace Members Classifieds Cars for Sale / Lease Takeover Lease Transfer: 2020 M340i xDrive, $68,000 sticker, $585 mo, 23 months left

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      10-21-2020, 09:47 AM   #1
DrmKlr
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Lease Transfer: 2020 M340i xDrive, $68,000 sticker, $585 mo, 23 months left

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2/8/21 - Starting the process on a swap today, thanks again for all of the interest. On a side note, seem to have gotten the tax thing figured out thanks to the person who is looking to assume the car and there experience with BMW lease swapping.

Hello all,

New information 10/28:[/COLOR] [COLOR="BLUE"]I spoke with BMW and the first person I spoke with last time was not very thorough. This new person called the tax department and got me proper information. When I put the money down on the car, some of that went to pay NJ's (where the car was purchased) sales tax up front. So instead of paying taxes in my payment, it was paid in one lump sum up front. So... if you assume the lease and you live in NJ you're good to go and nothing changes. If you assume the lease anywhere else, it looks like you will have to pay $585 plus your states sales tax on that $585.

Also, if you live in NY.. yes NY does not allow MSD's at time of purchase, however since you would be assuming the lease then it wouldn't matter.

Up for grabs is a fully loaded 2020 BMW M340i xDrive

This car is absolutely amazing and one hell of a head turner. I get tons of compliments on the color combo everywhere it goes. First service just done at BMW in Jacksonville last Thursday, have paperwork for this service. No stories here, clean Carfax, no BS, no nonsense. Pen-head sized rock chip on hood and one on passenger front fender, I’m being really picky here. Still has the new car smell.

Details:

2020 M340i xDrive
3584 miles (might go up some, though it never really leaves the garage) you get 30,030 on the lease
23 Months remaining on the lease (I will be making the Nov payment next week which will leave 23 payments)
Every option except Driver Asst Pro, it has Driver Asst (just not Pro)

Tanzanite Blue II Metallic ($1,950)
Cognac Vernasca Leather ($1,450)
Driving Assistance Package ($500)
Premium Package ($1,400)
Executive Package ($2,100) The Icon Adaptive LED w/Laserlight Headlights are absolutely STUNNING
Remote Start ($300)
19” M Wheel 792M ($600)
Adaptive M Suspension ($700)
Power tailgate ($250)
Ambient Lighting ($250)
Wireless Charging ($500)
Harman Kardon Surround Sound ($875)
Total MSRP: $67,870.00

Extras:
Xpel 20% tint all around (no windshield)
Xpel PPF under door handles
Xpel PPF rear kick plates (for the kids)
Xpel PPF on the headlights
OEM Wheel Locks
OEM All-weather Floor mats
Brand New OEM Touchup Paint kit (one week old)

Terms of the deal:
You give me back my $4200 of MSD’s
You pay transfer fee of $500 ($100 Credit Check and $400 transfer fee)

That’s it, simple and easy.

Recap:
3584 miles on the car (leaves you with approx. 1,149 miles per month)
Residual: $40,400.70
23 months left
$585 a month

I get $4,200 from you for MSD’s
BMW gives you back your $4,200 in MSD’s at lease end
You pay $500 transfer fee

You get a 68K loaded car for $585 (+ your states sales tax rate) a month with only $500 out of your pocket.

Let me know what questions you have and if you want more pictures.

On a side note, I talked to BMW today and they are averaging about 5 weeks on lease swap turnovers she said. Just something to note as by the time you take delivery of the car there might only be 22 payments left.

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      10-21-2020, 02:54 PM   #2
mokhan54
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This is one helluva deal/package. if I could get rid of my 2020 330 M Sport, I'd get this in a heartbeat, but unfortunately I have 23 months left on my lease. Good luck.
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      10-21-2020, 03:03 PM   #3
DrmKlr
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Quote:
Originally Posted by mokhan54 View Post
This is one helluva deal/package. if I could get rid of my 2020 330 M Sport, I'd get this in a heartbeat, but unfortunately I have 23 months left on my lease. Good luck.
Thank you! If something changes on your end let me know!!
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      10-21-2020, 04:28 PM   #4
mokhan54
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Quote:
Originally Posted by DrmKlr View Post
Thank you! If something changes on your end let me know!!
Will do! My car is currently posted on the forums. Let's see if anyone wants it.
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      10-21-2020, 06:42 PM   #5
VipinLJ
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Goddamn. Excellent deal. That's what I pay for my 330i!!!
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      10-26-2020, 10:35 AM   #6
EX-Ingolstadt
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Does your monthly include any count tax or just the 6% state tax?
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      10-26-2020, 12:22 PM   #7
DrmKlr
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Quote:
Originally Posted by EX-Ingolstadt View Post
Does your monthly include any count tax or just the 6% state tax?
I assume you mean county tax? No, just the 6%.

$585 a month inclusive of tax.
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      10-27-2020, 06:04 PM   #8
faze2988
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Can’t send msgs. Please email me jmuniz2988@icloud.com
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      10-27-2020, 11:19 PM   #9
cle12345678
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Interested, but I'm in TX, so I believe I'd have to pay TX sales tax in addition to the FL sales tax you wrapped into your payment for just 23 mo of lease. If this is wrong or you're willing work on the sales tax part of it, feel free to PM me.
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      10-28-2020, 06:59 AM   #10
DrmKlr
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Quote:
Originally Posted by cle12345678 View Post
Interested, but I'm in TX, so I believe I'd have to pay TX sales tax in addition to the FL sales tax you wrapped into your payment for just 23 mo of lease. If this is wrong or you're willing work on the sales tax part of it, feel free to PM me.
Please see newest information at top of post.
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      10-31-2020, 12:47 PM   #11
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Great deal, if I lived in NJ I'd take it.

Looking for low $500 all in monthly though, can't justify $585+nyc tax

Good luck
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      11-01-2020, 02:10 AM   #12
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great deal, good luck!
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      11-06-2020, 12:08 PM   #13
DrmKlr
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Updated posted
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      02-04-2021, 01:16 PM   #14
mokhan54
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I know you said you're keeping the car, but if you change your mind, let me know.
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      02-04-2021, 04:01 PM   #15
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Smart choice.
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      02-05-2021, 05:26 PM   #16
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Glad your keeping it, it is an insanely beautiful car. Would have been perfect for me if it was rwd. Spec is perfect.
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      02-06-2021, 08:02 AM   #17
DrmKlr
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Well.. as luck would have it, just when your not looking for something it pops up. Going to see the other something in person today, so this is looking to be back up. Let me know if you are interested and I can update you on the details (i.e. miles, months left, etc).
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      02-08-2021, 06:17 AM   #18
DrmKlr
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Updated top post.
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      02-20-2021, 08:45 AM   #19
DrmKlr
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Car is gone to a great home of BMW enthusiasts.

For those interested. Took 9 business days from start to finish on the transfer.
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