When you find yourself stuck with a lease that no longer suits your needs, it can be frustrating trying to get out of that obligation. There are specific rules that must be followed, and while there are many different processes that you can use to break a lease, many of those methods can lead to fees and penalties that can cost you thousands of dollars out-of-pocket, which could end up making your situation worse instead of better.
There are even some methods that can harm your credit score, leading to higher payments, worse terms, and sometimes even problems with getting approval for future loans.
Another complicating factor when trying to get out of your lease is that each lender has their own set of rules. While some lenders make the process simple, others make it far more complicated, and no two lenders handle a lease transfer in the same way, which means that transferring a lease is dependent on who your contract is with. In most cases, this is the financial arm of the manufacturer of the vehicle you’re leasing.
BMW Lease End Early
If the vehicle you’re leasing is a BMW, we have great news. BMW Financial Services not only are open to full lease transfers, but they also have one of the best processes in place among lenders.
If you want to get out of your BMW lease, the best option in most cases is transferring your contract to another individual via your leasing company officially. Thankfully, most BMW leases are done through BMW Financial Services. If your BMW lease happens to be held by another leasing company, it is still likely that you will be able to exit your lease utilizing a lease transfer. Regardless of your leasing company, Swapalease can help.
However, just because it’s streamlined doesn’t mean it’s easy to navigate; remember, there is a difference between “simple” and “easy.” Luckily, with decades of experience helping people navigate the process of ending a BMW lease early, Swapalease can make the process both simple and easy. We know exactly how to use the rules and procedures of a BMW lease transfer to minimize your costs, and in some cases, we can even save you quite a bit of money.
Why A BMW Lease Return Early?
There are many reasons why you might find yourself considering an early end to the lease on your BMW, but most of the time the driving reasons behind this situation are financial; someone signs a contract on the vehicle they want, and then their situation changes before the lease term is up. A change in income, an increase in expenses (for example, with a new baby or a new house) or other life events can mean that the car lease that fit your budget perfectly a year ago might now be a strain on that budget you’d rather do without.
If that sounds like your situation, then a lease transfer on your BMW could be a lifesaver.
If you have ever asked yourself "how do I get out of my BMW lease?" you will be pleased to learn that lease transfers have many advantages for both the individual exiting the lease as well as for the person entering the lease. The original lessee getting out of their lease will find that a lease transfer is far more economical than other methods of exiting a lease, such as trading in the vehicle or making remaining payments early and returning the vehicle to the leasing company. Those who take over leases, who are also known as lease buyers, find that shorter terms and little or no upfront cost to be attractive aspects of a lease transfer. Whether you need to get out of your BMW lease or you are seeking a BMW lease to assume, it is easy to see that both parties win when doing a lease transfer.
