SDKATH Posted March 13, 2010 Share Posted March 13, 2010 Hello, I purchased my LS460 in Jan 09. It has only 11,000 miles on it and is basically in brand new condition. I have a friend who sells BMWs and he has offered to "trade in" my lease for a 7 series. He said I need to find out the payoff of my lease (I called TMCC and it's $51,000). Then he would just pay off the lease and give us $3000 additional money toward the lease of a 2010 7 series Beemer. I called TMCC and they said that is fine and there are no early termination penalties or additional expenses. This seems too good to be true so I am asking for advice here. It seems that the Blue Book is slightly above my payoff quote so this would be a good deal for me. We live in CA and I guess there are no additional taxes to pay either? I would appreciate any and all advice about terminating the lease early. Please though don't give me advice about Lexus vs BMW. I am interested in making the trade for a personal reason so I don't want to debate the merits of each. Thanks so much in advance, Katherine Quote Link to comment Share on other sites More sharing options...
SW03ES Posted March 14, 2010 Share Posted March 14, 2010 If he will do it...then thats an incredible deal. Just make sure that the cost of the lease on the LS isn't being wrapped somehow into the 7 series. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.