[armanm]

Hey guys,
I am looking to trade in my 2012 328i which has a lease end date of 09/2015 with a 2014 535i with an msrp of roughly 67-68k.

Have any of you gone through this type of a scenario and what kind of a loss did you incur.

My 328i was bought about 2k below invoice once the 13's started rolling out.

Any feedback or help will be greatly appreciated.


Thanks,
Arman

[Hoa]

What they will do is appraise your vehicle as a trade in. Depending on how much your car is valued at, it may benefit/harm you to trade. If the current payout for the car is higher than the amount that they offer for your 3 series, then you have what they call negative equity. You basically owe them money (most likely the case). If the current buyout is less (very rare), you actually have positive equity which will help you reduce the financed amount for leasing.

[MELLOWYELLOW06]

or if your negative equity is greater than your remaining payments, you can pay the remaining payments as per your lease terms and just give an early return

[armanm]

Thanks for the information. I really hope I do not incur too much of a hit and I am hoping that the value of the car held up. I am also looking into selling to carmax or possibly a third party.

[sillyo]

Try www.swapalease.com. I got rid of my Cadillac early when someone took over my lease.

[omaralt]

If you got a good deal on the 328 (and it seems like you did) then just find someone to assume your lease. Otherwise your going to have to pay quite a bit of negative equity

[Jagu]

Do not trade in the car. Instead , I would just advertise it on swap lease and offer some money as an incentive to assume it.

[bkM3]

have somebody take over your lease. you most likely owe way more than what its worth