News

For Sale Take my Lease- 2016 BMW 535i XDrive-- $500/month!

Discussion in 'Other Cars' started by JoeZaff, Mar 22, 2018.

  1. JoeZaff

    JoeZaff F1 Veteran
    Owner

    Aug 5, 2007
    5,396
    Philly suburbs
    Full Name:
    Joe
    #1 JoeZaff, Mar 22, 2018
    Last edited: Mar 22, 2018
    Lease a 2016 BMW 535i XDrive-- $500/month

    Thank you for reviewing my ad. To make a long story short, I am contemplating purchasing a new M3 to replace my i8. My gut is that the M3 will make my 2016 BMW 535i Xdrive redundant, so I am putting it up here to see if anyone is interested in taking over the lease. This car is professionally maintained so you can rest assured it is in truly exceptional condition. Furthermore, the paint is ceramic coated to preserve the Mineral Grey Metallic finish. The interior is a flawless Black Dakota leather and comes with BMW OEM rubber floormats to preserve the carpets.


    The car It is fully loaded, including:

    (1) the Cold Weather package,

    (2) Driver Assistance Package,

    (3) Driver Assistance Plus,

    (4) Premium Package,

    (5) rear sunshades,

    (6) Harmon Kardon Surround.

    (7) Satellite radio


    All told the sticker price was $67,095. For those unfamiliar with BMW options lists, I’ve included a photo of the window sticker. Those packages include, among other things, Navigation, heads up display, blind spot assist, heated seats and steering wheel, powered sunshades and trunk, keyless entry, and birds eye view cameras among many other options.


    The lease price is $500.00 a month (plus state tax). Lease term ends 12/9/19. The car has approximately 18K miles on her and there are approximately 30K miles remaining on the lease (subject to change as I am still using her). The Car is up to date on service and needs nothing. She has never given me any trouble and has needed no warranty service whatsoever.


    I was able to get this exceptional lease rate using a former BMW program that is no longer available. In essence, I gave BMW $4000.00 in multiple security deposits in exchange for a lower lease number. At the end of the lease, BMW refunds those deposits. I’ve used this program on over a dozen BMW leases over the years and I am sad to see it ended. Anyway, the Buyer is required to reimburse me the $4000.00 in security deposits at the time of transfer. BMW will refund you that money at lease end, and you are welcome to contact BMW Financial services to confirm my representations.


    The car has a residual value of $39,800.00. Should you wish to purchase it at lease end, in addition to the new car warranty of 4 years and 50K miles, this car comes with an additional one year of BMW CPO coverage! Regarding the residual value, it is not so well kept secret that you can go through your local dealer towards lease end and negotiate a more favorable purchase price, though not always guaranteed, I have done so in the past.


    There is a application and transfer fee at lease transfer (a $470.00 cost), which I will reimburse if someone accepts my offer before I put the car up on Swap-a-lease.


    There simply cannot be a better deal on a 2016 BMW 535 anywhere. I apologize for the quality of the photos in advance, best I could do on a cold bright day with an I-phone!.


    Thanks again for reading.

    Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
     
  2. JoeZaff

    JoeZaff F1 Veteran
    Owner

    Aug 5, 2007
    5,396
    Philly suburbs
    Full Name:
    Joe
    Just by way of clarification, the lease was originally for three years and 15K miles a year, but I am currently way under mileage, so the new owner would be getting the equivalent of roughly 18K miles a year . Of course, I am driving the car regularly so that is subject to change.
     
  3. JoeZaff

    JoeZaff F1 Veteran
    Owner

    Aug 5, 2007
    5,396
    Philly suburbs
    Full Name:
    Joe
    Sorry... taking car off market. Moderator please delete my ad.

    Thanks!
     
  4. arizonaitalian

    arizonaitalian F1 World Champ
    Silver Subscribed Owner

    Oct 29, 2010
    11,738
    Wyoming
    That was a screaming deal to pay $500/month to lease a $67k MSRP car for 36-months with $39k residual. I calc something like $11-12k off of sticker (combination of discount and any non-refundable cap reductions you made up front, assuming int rate of 1-2% on the lease). Were there any buyer-paid cap reductions up front? (I didn't realize one could get 16-18% discounts from MSRP on bimmers).

    Heck of a DD for $500 a month! (I can see why you decided to keep it).
     
  5. Schatten

    Schatten F1 World Champ
    Rossa Subscribed Owner

    Apr 3, 2001
    11,237
    Austin, TX
    Full Name:
    Randy
    Heck of a deal, and just saw it. Joe, if you change your mind, drop me a line.
     

Share This Page