Swapalease experiences
#1
Swapalease experiences
Hi All,
Been a while since I posted. Happy to say we're settling in to life after a rocky start.
I've been trying to execute a lease assumption via swapalease without much success. So I wanted to get feedback from others on their experiences.
The story so far. On arriving in CT we leased a mini cooper with BMW finance using their international programme. They asked for evidence of visa, passport, income, address etc. All of which was pretty easy and we pre-payed the lease up front for 12 months and no problem...we had a mini in 5 days.
I'm trying to swap a lease with a guy who has a BMW X3, so I call BMW Finance and go over my own account and the other guys lease, told them I was existing client, I wanted to pay the balance of the other guys lease up front and that I would provide the same document pack as I did for the Mini. Guess what?...They said no?
Am I stupid, missing something? Does BMW not get that I mitigated all their risk by prepaying?
Of those of you who have done it successfully which manufacturers did you go for? (I also had ford reject an application a while back).
Thanks for the usual input,
Darren
Been a while since I posted. Happy to say we're settling in to life after a rocky start.
I've been trying to execute a lease assumption via swapalease without much success. So I wanted to get feedback from others on their experiences.
The story so far. On arriving in CT we leased a mini cooper with BMW finance using their international programme. They asked for evidence of visa, passport, income, address etc. All of which was pretty easy and we pre-payed the lease up front for 12 months and no problem...we had a mini in 5 days.
I'm trying to swap a lease with a guy who has a BMW X3, so I call BMW Finance and go over my own account and the other guys lease, told them I was existing client, I wanted to pay the balance of the other guys lease up front and that I would provide the same document pack as I did for the Mini. Guess what?...They said no?
Am I stupid, missing something? Does BMW not get that I mitigated all their risk by prepaying?
Of those of you who have done it successfully which manufacturers did you go for? (I also had ford reject an application a while back).
Thanks for the usual input,
Darren
#2
Re: Swapalease experiences
If you've got that kind of cash, why not buy instead of a lease which is generally a bit poo?
#3
Re: Swapalease experiences
Darren
#4
Re: Swapalease experiences
Find car, stick that wedge in as down payment on the loan for the rest of the car...bolster a credit history, much better in the long run as leasing won't do anything really for you there.
But then again, if your only planning on being here for 12 months a lease then might make sense.
As for what else you'd need to do to get a car on the road would depend on your state, at a guess, proof of purchase/title, insurance and then you'll be able to register the car and pay the taxes, get plates and register them and also inspection on the car.
But then again, if your only planning on being here for 12 months a lease then might make sense.
As for what else you'd need to do to get a car on the road would depend on your state, at a guess, proof of purchase/title, insurance and then you'll be able to register the car and pay the taxes, get plates and register them and also inspection on the car.
#5
Joined: Jan 2008
Posts: 7,605
Re: Swapalease experiences
If I haven't been trained to do it, it's not possible. Ever.
If I haven't heard of it, it never existed. Ever.
If we don't offer it, nobody else does, or will do. Ever.
Oh, and nobody, absolutely nobody in the world, takes AmEx.
Joking apart, have you tried calling back and running the same set of facts past a different moron?
#6
American Expat
Joined: Jan 2004
Posts: 7,598
Re: Swapalease experiences
What is the benefit to the company to take you up on the deal? Someone is already going to pay them for the lease. They'd have to do a bunch of paperwork they wouldn't have had to do otherwise.
I know you're going to say they get their money early, but I doubt they care too much about that.
I know you're going to say they get their money early, but I doubt they care too much about that.
#7
Re: Swapalease experiences
Hi All,
Been a while since I posted. Happy to say we're settling in to life after a rocky start.
I've been trying to execute a lease assumption via swapalease without much success. So I wanted to get feedback from others on their experiences.
The story so far. On arriving in CT we leased a mini cooper with BMW finance using their international programme. They asked for evidence of visa, passport, income, address etc. All of which was pretty easy and we pre-payed the lease up front for 12 months and no problem...we had a mini in 5 days.
I'm trying to swap a lease with a guy who has a BMW X3, so I call BMW Finance and go over my own account and the other guys lease, told them I was existing client, I wanted to pay the balance of the other guys lease up front and that I would provide the same document pack as I did for the Mini. Guess what?...They said no?
Am I stupid, missing something? Does BMW not get that I mitigated all their risk by prepaying?
Of those of you who have done it successfully which manufacturers did you go for? (I also had ford reject an application a while back).
Thanks for the usual input,
Darren
Been a while since I posted. Happy to say we're settling in to life after a rocky start.
I've been trying to execute a lease assumption via swapalease without much success. So I wanted to get feedback from others on their experiences.
The story so far. On arriving in CT we leased a mini cooper with BMW finance using their international programme. They asked for evidence of visa, passport, income, address etc. All of which was pretty easy and we pre-payed the lease up front for 12 months and no problem...we had a mini in 5 days.
I'm trying to swap a lease with a guy who has a BMW X3, so I call BMW Finance and go over my own account and the other guys lease, told them I was existing client, I wanted to pay the balance of the other guys lease up front and that I would provide the same document pack as I did for the Mini. Guess what?...They said no?
Am I stupid, missing something? Does BMW not get that I mitigated all their risk by prepaying?
Of those of you who have done it successfully which manufacturers did you go for? (I also had ford reject an application a while back).
Thanks for the usual input,
Darren
#8
Re: Swapalease experiences
What is the benefit to the company to take you up on the deal? Someone is already going to pay them for the lease. They'd have to do a bunch of paperwork they wouldn't have had to do otherwise.
I know you're going to say they get their money early, but I doubt they care too much about that.
I know you're going to say they get their money early, but I doubt they care too much about that.